Georgian Partners today announced that Cisco has made a strategic investment in Georgian Partners Growth Fund II, the newest fund from Georgian Partners, a growth equity firm investing in expansion-stage software companies.
“We are very pleased to have Cisco investing our second fund,” said Simon Chong, co-founder and managing director of Georgian Partners. “To have a global leader like Cisco join the fund as an investor demonstrates the validity of our Applied Analytics investment thesis.”
“By investing in innovative companies we gain valuable insight into the Canadian start up and entrepreneurial community,” said Cisco Canada President Nitin Kawale. “Georgian Partners is at the forefront of investing in expansion-stage software companies, which in addition to their investment focus on Big Data and Analytics, supports our own vision of the opportunity that the Internet of Everything represents and aligns to our commitment to fostering innovation in Canada.”
Last month Cisco Canada announced the Cisco Canada Innovation Program, a strategy to invest $150 million to support and accelerate innovation in Canada.