Intel Capital to Acquire $20 Million Stake in Telligent
Intel Capital, Intel's global investment organization, today announced an agreement to acquire a $20 million stake in Telligent Systems, makers of social computing solutions and business intelligence tools. Based in Dallas, Telligent will utilize the funds to expand its sales teams and territories, including growth in international markets, as well as increase its marketing and advertising initiatives and product development plans. "Intel Capital makes strategic global investments to help provide enterprises with the latest tools they need for growth, innovation, productivity improvement and cost savings," said Arvind Sodhani, president of Intel Capital and executive vice-president of Intel.