Nicola Mawson writes Cisco is investing in the financing arm as part of an expansion in emerging markets.
Kristine Snow, president of Cisco Capital, said the company aims to help businesses preserve their capital budget and streamline cash flow.
She added that Cisco Capital is “wholly-owned by the US company, was set up in 1996 and has $9 billion under management globally.”
According to the article, Cisco Capital offers funding offerings for information and communications technology and services in 145 countries.
Alpheus Mangale, managing director of Cisco Systems in South Africa, said more than 85 percent of the company’s business is done through a network of channel partners.