Cisco aims to in­vest $200 mil­lion in start­ups this year

Hindustan Times ST (Mumbai) - - HTINSIGHT -

will con­tinue to be ag­gres­sive with ac­qui­si­tions. “Our in­no­va­tion strat­egy in­ten­tion­ally in­volves out­side in­no­va­tion... We’ve been in­no­vat­ing well in­ter­nally, but we also recog­nise that there is a lot of in­no­va­tion hap­pen­ing out­side the walls of Cisco.”

Sal­vagno, also the vice-pres­i­dent of cor­po­rate development, spoke on the side­lines of Cisco Live, the com­pany’s flag­ship an­nual tech­nol­ogy event for cus­tomers and part­ners.

“Whether we’re in bull mar­kets or bear mar­kets, you’re go­ing to see us par­tic­i­pate, re­gard­less of where the mar­ket is. We’ll con­tinue to be out there,” he added.

Cisco’s cor­po­rate ven­ture cap­i­tal arm will ac­tively in­vest in start-ups within the US, in­clud­ing the Sil­i­con Val­ley, as well as in other coun­tries, in­clud­ing In­dia, where Cisco has al­ready backed over 20 start-ups. The ven­ture cap­i­tal (VC) arm has also in­vested in a few In­dian VCS, most no­tably IDG Ven­tures and Stel­laris Ven­ture Part­ners.

“I’m very bullish on In­dia. I see our par­tic­i­pa­tion, go­ing for­ward, only in­creas­ing. I think that’s re­flec­tive of where the mar­ket is go­ing, and that’s also re­flec­tive of how Cisco is in a po­si­tion to lever­age that,” Sal­vagno said. “We think that there’s more op­por­tu­nity for en­ter­prise and B2B plays in In­dia.”

Un­der the stew­ard­ship of Chuck Rob­bins, who took over from vet­eran chief ex­ec­u­tive of­fi­cer John Cham­bers in 2015, Cisco has been ex­tremely ag­gres­sive with ac­qui­si­tions— even by its own stan­dards.

Cisco, which has ac­quired 204 com­pa­nies since it started out in 1984, has been on an ac­qui­si­tion spree un­der Rob­bins.

The writer is in Or­lando at the in­vi­ta­tion of Cisco.

BLOOMBERG

Cisco’s cor­po­rate VC arm will ac­tively in­vest in start­ups within the US, as well as in other coun­tries, in­clud­ing In­dia.

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