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Cisco Invests in Eastern Europe

SAN JOSE, Calif. -- Cisco(R) (NASDAQ: CSCO)
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.

"Cisco helps drive entrepreneurship in Central and Eastern Europe
through initiatives such as the Cisco Entrepreneur Institute, as well
as through project financing, leasing programs and, most recently,
the venture fund partnership being announced today. New businesses
are a key driver of growth in emerging economies and of jobs in local
communities," said Kaan Terzioglu, Cisco's vice president for Central
and Eastern Europe. "Countries in the region innovate across a broad
range of technologies, including broadband, wireless, security, and
communications technologies. They also lead in the adoption of VoIP
applications, multimedia and gaming, mobile content, and
entertainment delivery. The opportunities in the region are
therefore immense."

To date, Cisco has deployed more than $2 billion in venture capital
investments and has been an active equity investor in major markets
such as China, India, Israel and Europe, in addition to the United
States. Through a combination of direct and indirect funding
vehicles, Cisco is a strategic investor in start-ups and venture
funds around the world and focuses on finding and investing in
companies that have innovative technologies and business models.
Cisco has appointed Yoav Samet, head of Israel and Emerging Europe
Corporate Business Development, to lead this important investment

"Investing in geographically focused venture funds like the 3TS-Cisco
Growth Fund is another strategic tool in our global investment
portfolio that fuels ICT market growth through investment in the
innovation economy," said Hilton Romanski, senior director of Global
Corporate Business Development for Cisco. "This strategy will help
catalyze and accelerate tech innovation in Central and Eastern Europe
and take technology investment in the region to the next level."

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