Cisco Bullish On Tech Start-up Investments; Seeks Transformation Into End-to-End IT Firm

Cisco is looking to invest in new age technology startup that can help transform the company from being a networking company to become an end-to-end IT company. We are moving very quickly to be an industry leader in networking to become a leader in the IT industry, Cisco Chief Strategy Officer Padmasree Warrior told ET.

In this context, the stakes are doing and are investing in security, data center and the cloud, mobility services and the Internet of things. India, Guerrero believes, is a promising country that many of these technologies can come. To grasp the ideas in the initial stage, the company is exploring ideas for engineers, even before the idea becomes a home. By 2017, India will have the largest mobile application developers in the world and want to ensure that we take that talent not only to come to work for us, but to create companies that can benefit, Guerriero said.

In his recent visit to India, Guerrero has met many 20 years, entrepreneurs who have great ideas, but even have formed a company yet. Cisco is looking to invest in companies with a $ 40 million investment in India that not only provides seed capital, but also mentoring.We have a new investment framework that extends globally to India, including making investment theme. These new areas such as data analysis department, the related mobility and Internet of Things. Sometimes these ideas are at a very early stage. But why are these interruptions are principles, we want to keep these companies and we want to help them, "Guerriero said.

Cisco has been on an acquisition spree worldwide. During the past 15 months, has made 18 acquisitions, including a security firm Sourcefire $ 2,700,000,000. Since its inception in 1984, Cisco has acquired 170 companies. In India, it has invested in 25 companies in only 2014. We are always looking for companies purchasing, Guerrero said when asked if Cisco is trying to acquire some companies in India. Must be a strategic fit, cultural fit we want companies that are very customer focused. Finally, we need companies that have an extraordinarily talented technical and product strength.Cisco invest $ 1.7 billion a year on its operations in India, which is mostly based outside the United States, with more than 11,300 employees .