Jay Clemens
Cisco looks to invest more than $500 million in the U.K. and $100 million to $500 million in Germany in new technology alliances the company plans to forge with these nations, Bloomberg reported Tuesday.
Peter Burrows writes the partnerships aim to evaluate fresh networking products, train engineers and pump cash into startup businesses.
“We believe we should have visibility into the best innovation there is, wherever it is, and these investment activities help us do that,†Hilton Romanski, Cisco’s chief technology officer, told Bloomberg.
Cisco also inked a $10 billion partnership with China in June in a move to create jobs and support research and development efforts, Burrows reports.
