HUNTINGTON BEACH, Calif., Nov. 16, 2010 – Intel Capital, Intel Corporation’s global investment organization, reaffirmed its dedication to foster worldwide innovation with the announcement of 18 new investments. The new deals total approximately $77 million and were announced today at the 11th annual Intel Capital CEO Summit, Intel Capital’s gathering of portfolio company CEOs, corporate technology decision makers from Global 1000 companies and thought leaders from around the world.
The new investments align with Intel’s strategic focus on fostering innovation in core PC and server market segments including cloud computing, mobility solutions and access to broadband wireless in geographies around the world. Additionally, these investments will help enable advancements in adjacent computing areas including smart TV, tablets and smartphones.
“Innovation continues to thrive all over the world,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “Despite the economic environment, these 18 investments help advance next generation computing technologies aligning with Intel’s vision that more and more devices will compute and connect to the Internet, called the ‘compute continuum.’ The innovative technology developed by these companies supports the compute continuum from advancements in PCs and server trends, such as cloud computing, to building out the ecosystem around smart TVs and smartphones.”
2010 has also been an excellent year for Intel Capital portfolio companies. To date, 28 Intel Capital portfolio companies have exited in 2010 either through an IPO or acquisition. These exits clearly demonstrate Intel Capital’s dedication to support portfolio company business development efforts through events such as Intel Capital Technology Days (ITDs) and the Intel Capital CEO Summit, and are a key indication of the critical role technology innovation has played in driving the global economic recovery.
“The successful exits of our portfolio companies demonstrate Intel Capital’s company building and business development capabilities,” Sodhani said.
WinChannel (Beijing) is a developer of information and sales management software for the consumer industry. Winchannel’s software platform manages and analyzes channel information such as replenishment orders, sales transactions, inventory and promotional activities in near real time, helping brand owning companies to monitor and understand market mechanisms and market responses to promotion, making sales operations more efficient. The investment from Intel Capital will be used in R&D and as working capital.
Intel Capital CEO Summit 2010 is sponsored by Aon Corporation, Capgemini, Credit Suisse, Evercore Partners, Gibson, Dunn & Crutcher, KPMG, Morrison & Foerster, Needham & Company, NYSE Euronext and Silicon Valley Bank. The summit is the pre-eminent technology networking event, with over 700 attendees from Intel Capital portfolio companies and Intel’s global customers and partners. Industry technology executives attend the summit to identify innovative solutions and business development opportunities.