BENGALURU, India Cisco Systems Inc. said Tuesday (Oct. 30) it will invest another $100 million in early-stage Indian technology companies, doubling venture funding it announced two years ago as part of its $1.1 billion investment plan here.
One of the first investments is a deal with Satyam Computer Services Ltd. (Hyderabad) to develop and deploy healthcare management solutions around the world.
Opening the company's Globalization Center East campus here, Wim Elfrink, Cisco's chief globalization officer, said, "India is at the heart of our globalization vision and provides a platform for Cisco to capitalize on the growth potential and lead market transitions in the emerging world."
The new Cisco facility will encourage collaboration for developing products for customers in emerging markets such as India, China, West Asia, Africa, Asia and Latin America.
The $50 million campus houses the largest data center outside the U.S., and will act as a focal point to show next-generation virtualization technologies and service-oriented network architectures.