San Jose, California based manufacturing company Cisco Systems Inc. is investing a large amount of money into SkyLake, a South Korean based private equity investment firm. So far Cisco has invested $32 million and they plan to invest a total of $2 billion as part of a 5 year strategy in the technology sector for SkyLake.
Some of SkyLake’s recent investments include Viatron Technologies, DASAN Networks (Nokia Siemens subsidiary), and Wemade Entertainment Company. The investment made by Cisco shows the company’s intentions to globalize. Cisco has a high interest in creating a higher presence in the Asia-Pacific area.