Cabletron Group Investments, one of the companies in the US-based Cabletron Group, is to offer financial support for South African start-up companies in the technology sector.
This was announced at the recent launch of Enterasys SA, a Cabletron Group company, by Enterasys regional director (sub-Saharan Africa), Martin May.
May revealed that Cabletron Group Investments was involved in the support of more than 50 leading edge start-up companies, including ISPs and ASPs, in the US and Europe.
"Now Cabletron Group Investments is looking to work with and encourage innovative start-up companies with exciting business models in South Africa," he says.
"In South Africa there are so many opportunities for small businesses to grow in the technology arena."
May says that Cabletron Group Investments has earmarked more that $ 50-million for local development and is currently in negotiation with a number of local companies, mostly systems integration houses and service providers, with a view to forming closer relationships with them.
"It is too early to give specific details, but Cabletron Investment Holdings usual method of operation is to take a small stake in companies with whom we have common business objectives and then set up co-operative working arrangements.
"Our goal is to take their ideas or products to market in the most impactful way using Cabletron`s expertise and financial muscle.
"In this way we have grown a number of companies - five in Europe alone - to the point where they are now partnering with Cabletron Group companies, such as Enterasys, to address their local markets."
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