Cisco Invests in Mobile and Virtualization

Almaz Capital Partners and Cisco have announced the first two investments from their Almaz Capital Russia Fund I today. The fund was originally setup in July of 2008 with $30 million from lead investor Cisco. The first two investments are with Apollo and Parallels. The specific amount of each investment was not disclosed.

Apollo was founded in Russia in 2006 and is described as, "an early-stage company that allows digital communities and social networking sites to effectively extend their services to mobile devices."

Parallels creates virtualization and automation software and is popular among the Apple crew. The company employs over 700 people across most parts of the world. 

Yakov has more details on the investments from the Russian perspective.