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Intel pours $24M in software investments

Posted: 12 Sep 2011 ?? ?Print Version ?Bookmark and Share

Keywords:cloud automation? platform-as-a-service? software technology?

Intel Capital, Intel Corp.'s investment arm has announced it invested over $24 million in seven companies developing technologies that are related to the company's software strategy.

According to Intel, the recipients of the funding included new investments in enterprise cloud automation software provider DynamicOps; building management software provider enLighted, real-time analytics provider Guavus; platform-as-a-service for commerce company IP Commerce; and social games analytics service provider Swrve New Media.

Intel Capital also recently closed follow-on investments in predictive analytics company Revolution Analytics and cloud-based media streaming service Gaikai, the firm said.

As is typical, Intel did not disclose the specific amount of funding each company received.

Intel said the seven companies have developed innovative technologies related to key initiatives of Intel's software strategy.

"The best computing experiences unite leading-edge hardware with amazing software," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, in a statement. "These investments in best-of-breed software vendors play an integral part in Intel's software strategy by fueling the creation of compelling and unique user experiences across devices. They also demonstrate our stage-agnostic approach to investing in support of this ecosystem."

- Dylan McGrath
??EE Times





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