Feeds

Cisco инвестирует в России

Opens wallet for Russia's Amazon.com

Beginner's guide to SSL certificates

Cisco announced today the launch of a venture capital initiative aimed at Russia's burgeoning tech industry.

The first to grab Cisco's rubles is e-tailer Ozon.ru, Russia's largest online retailer. The site is the most highly-trafficked Russian-language online store, specializing in books, music, movies and electronics.

Cisco would not reveal the size of the investment, but Cisco rep Ron Piovesan said it is a part of an overall investment round of $18m from Cisco, Holtzbrinck Ventures and European-based Index Ventures.

The investment will help develop Ozon's logistics system, expand its product lines and establish new distribution centers in Russia.

"While Russia has low Internet penetration in terms of percentage of its overall population, in absolute terms it has as many Internet users as some Western European countries," said Cisco Russia VP Bob Agee. "The amount of technical talent in Russia shows that the country is ready to become more technologically advanced."

Cisco has been eying Russia since last year when it hired a full-time investment manager based in Moscow. Over the past decade, the company has deployed over $1bn in venture capital around the world. Cisco operatives are stationed all over Europe and Asia looking for pies the company can get a piece of — investment managers who answer only to God (and their regional managers) are located in Hong Kong, Bangalore, Bedfont Lakes, and Tel Aviv.

Cisco looks for companies that either offer an interesting technology, will help expand a market or have a compelling business model that can help Cisco learn about local market conditions, Piovesan said. ®

Intelligent flash storage arrays

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.