The $5.5m for Avangate is coming from venture capital firm 3TS Capital Partners' Technology in Central and Eastern Europe Fund (known as 3TS Cisco Growth Fund,) which was set up in 2007 and where Cisco is a main investor.

Computer network equipment provider Cisco has agreed to invest €4m ($5.5m) over the next six months in Avangate, a Netherlands-based provider of electronic software distribution services.

The money is coming from venture capital firm 3TS Capital Partners’ Technology in Central and Eastern Europe Fund (known as 3TS Cisco Growth Fund,) which was set up in 2007 and where Cisco is a main investor.

Daniel Lynch, managing partner of 3TS Capital Partners, said: "Avangate is a great company and…has a…