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Intel Capital to invest $31M in six companies

Posted: 14 May 2007 ?? ?Print Version ?Bookmark and Share

Keywords:application management solutions? IC design houses? communication solutions?

Intel Capital kicked off its eighth annual CEO Summit with the announcement of six investments totaling $31 million. The deals include 51.com, Phoenix Microelectronics, Aternity Inc., Ceedo Technologies Ltd, Jajah and Tutor.com.

"By bringing together savvy business executives, global decision makers and our inspired entrepreneurs, the CEO Summit demonstrates our proactive strategy in helping our portfolio companies succeed. We look forward to welcoming CEOs, executives and entrepreneurs from around the world to this year's event," said Arvind Sodhani, president of Intel Capital.

Intel Capital led Series B investments in China-based 51.com, the largest social networking site in China with about 60 million registered accounts, and Phoenix Microelectronics, a fabless IC design house based in China.

The funds raised for Israel application management software supplier Aternity, will be used to support market segment penetration and extend the company's product line. Intel Corp. also inked a marketing cooperation agreement with Aternity, under which the latter's application management solution will include support for Intel vPro technology.

Also from Israel, Intel Capital led a private financing round in Ceedo to further establish its position in personal working environment software for consumer portable storage devices, and accelerate its growth into the corporate and business market segments.

Funds from the full round of $15 million in Jajah, a global communications company, will be used to accelerate the development of next-generation communication solutions on a global scale. Jajah and Intel also entered into a business agreement that includes business and marketing components. Intel will provide Jajah access to its extensive community of product dealers, OEM customers and developers to further Jajah's reach into global development communities. Jajah technology allows users to make free and low-cost calls by using their existing landline or mobile phone.

Intel Capital also led an expansion investment round of $13.5 million in Tutor.com, which develops and provides on-demand tutoring and homework services. Tutor.com will use the funding to expand its consumer presence with an aggressive marketing campaign and strategic relationships.

In the Q1, Intel Capital invested $154 million in 43 deals worldwide, including 20 new deals. Approximately 74 percent of Intel Capital's invested dollars were in companies based outside the United States.




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