20 August 2017

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Intel invests in 10 Asian Companies including Two Indian Companies

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Intel Capital, Intel Corporation’s global investment and M&A organization, announced investments of $40 million in 10 Asian companies, including two from India, which reflects the rapid spread of technology innovation across the continent.

The Indian companies include Happiest Minds Technologies and TELiBrahma Convergent Communications.

Headquartered in Bangalore India, Happiest Minds is an innovative IT services company. It offers skills, IP and domain expertise across a set of focused areas which include IT Services, Software Product Engineering, Infrastructure Management, Security, Testing and Consulting.

Happiest Minds will focus on industries such as Manufacturing, CPG, BFSI, Travel & Transportation and Media. Headquartered in Bangalore, India, the company has operations in the U.S. with offices planned across Europe, Singapore and UK.

However, TELiBrahma Convergent Communications is a developer of mobile solutions using Augmented Reality, Bluetooth and WiFi technologies for the Advertising and Retail segments. Founded in 2004 by Narasimha Suresh and Ravi BR, it offers location-based and visual recognition-based applications that give consumers an enhanced digital experience in their interactions with major brands. TELiBrahma is also headquartered in Bangalore.

The investments, announced at the 12th annual Intel Capital Global Summit in Huntington Beach in California, include eight new investments in companies from China, India, Japan and South Korea, and two planned investments in companies from Taiwan.

“Technology adoption and innovation is an accelerating global phenomenon, and Asian entrepreneurs from both mature and emerging markets are on the cutting edge of this trend,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president.

“These 10 companies offer unique technology – from remote security solutions to interactive cloud-based services – that enhances productivity, security and the online experience for consumers and businesses around the world,” he said.

The investments cover a range of innovative technologies, including semiconductor design and manufacturing, green technology, software, security, social gaming and cloud-based services. Details of each investment, including the amount to be invested, were not disclosed.

Apart from the Indian companies the other names are; G-cluster Global Corp. and OneBe Inc. from Japan; Makepolo.com Co. and Miartech (Shanghai) Inc from China; Neosem Inc. from Korea; and Outblaze Venture Holdings Ltd. from Hong Kong, etc.

Last Updated ( Thursday, 17 November 2011 12:06 )  

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