Cisco Announces Venture Capital Initiative in Central and Eastern Europe

'3TS-Cisco Growth Fund III' to Support Technology and Communications Start-Ups

SAN JOSE, Calif., November 12, 2007 - Cisco® today announced a venture capital initiative targeting the technology industry in Central and Eastern Europe ¹ . Cisco will pursue investment opportunities in technology-related start-ups in the region, both directly as well as indirectly through a regional venture fund.

In collaboration with 3TS Capital Partners, Cisco is making the anchor investment in the Technology in Central and Eastern Europe S.C.A. SICAR fund (to be informally called '3TS-Cisco Growth Fund III'), which will initially close at 30 million euros. 3TS Capital Partners, one of the leading private equity and venture capital firms in Central and Eastern Europe, will seek and manage the fund's investments. The target companies for the fund primarily include high-growth small and medium-sized companies in the technology, media, and telecommunications sectors.

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