US-listed computer network equipment maker Cisco Systems has agreed to invest $100m in start-up Insieme, which means "together" in Italian, and it has taken an option to acquire the business for up to $750m depending on its performance.
US-listed computer network equipment maker Cisco Systems has agreed to invest $100m in start-up Insieme, which means “together” in Italian, and it has taken an option to acquire the business for up to $750m depending on its performance.
Cisco is backing a team of three, Mario Mazzola, Prem Jain and Luca Cafiero, with the so-called spin-in deal to create a company making internet switches having previously bought their two previous start-ups.
Cisco paid $750m for Andiamo Systems in 2004 and…
