MINNEAPOLIS-ADC Telecommunications Inc. formed ADC Ventures, a venture-capital fund focused on investing in emerging and start-up companies in the United States, Europe and Israel that are engaged in developing high-performance, next-generation broadband communications technologies.
The new venture will be managed by Robert Switz, senior vice president, chief financial officer and head of business development at ADC.
“In today’s rapidly evolving world of broadband communications, the ADC Ventures fund will provide ADC a tool to increase its ability to participate early in the development of next-generation optical, Internet Protocol and software technologies that can benefit our customers’ deployment of broadband, multiservice networks,” said Switz. “The fund’s investment strategy is to invest in these new and emerging technologies that are closely related to ADC’s three core businesses-network equipment, software and integration services supplied to broadband communications service providers.”
