Fidelity Ventures hires Cisco veteran for London

The London arm of Fidelity Ventures, an early-stage technology venture capital firm, has hired Baruk Pilo from the European M&A unit of Cisco Systems.

Fidelity Ventures, an early-stage technology focused venture capital firm, has expanded its London office with the appointment of venture partner Baruk Pilo.
 
Pilo joined Fidelity Ventures in late July from Cisco Systems’ European corporate mergers and acquisitions group, where he spent the last six years. At Cisco, Pilo oversaw the company’s corporate investments in companies including Digiquant and Kiss Technologies of Denmark, Meiosys and Jaluna of France, and the UK’s Job Partners.
 
From 1998 to 2000, Pilo was business development managers in Oracle’s Europe, Middle East and Africa communications industries group. Before Oracle, he was manager of the information technology and communications group at Cap Gemini.
 
Pilo said that, while other venture capital firms had switched their focus to the emerging markets of China and India, Fidelity Ventures would continue to focus on the mobile wireless, security, voice-over-IP, open source and networking sectors in the European IT and communications market.
 
Fidelity Ventures, the venture capital arm of Fidelity Investments, manages more than $800 million (€622 million) in venture capital. Pilo’s appointment brings the number of investment professionals in the firm’s Boston and London offices to 14.