Cisco Invests in Russia
The strategy reinforces Cisco's investment in the Skolkovo Project, an initiative supported by President Medvedev to create a technology and innovation hub on the outskirts of Moscow. Cisco recently received formal Skolkovo participant status, which enables the company to begin engineering activities and formally establish a physical presence.
Cisco aims to focus R&D in Skolkovo on high-impact areas of the business, including video and internal start-ups, using Skolkovo as the physical and virtual platform for innovation. This will contribute to transforming Skolkovo into one of the most advanced technology regions in the world.
Cisco Systems Inc. (Nasdaq: CSCO)