Intel buys $20M stake in social networking company
Intel says the investment will be a significant part of its growing portfolio of Enterprise 2.0 investments.
By Suzanne Deffree, Managing Editor, News -- EDN, September 23, 2008
Intel Corp's investment arm has acquired a $20 million stake in Telligent Systems, makers of social computing solutions and business intelligence tools.
The Intel Capital announcement comes one day after the MPU leader updated its vPro virtualization platform, adding features for enhanced security and reduction of time and cost of maintenance.
“Telligent's software solution brings the latest networking tools to the enterprise -- helping to advance teamwork and interaction between employers, employees and customers in a global landscape -- and will be a significant part of Intel Capital’s growing portfolio of Enterprise 2.0 investments,” said Lisa Lambert, managing director of software and solutions for Intel Capital, in a statement.
Dallas-based Telligent said it will use 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.
Telligent’s flagship product, Community Server, is an enterprise social computing platform with more than 3,000 customers and was among the first to offer a suite-based social collaboration solution, according to the company. Community Server includes blogging, Web discussions, videos, Really Simple Syndication (RSS), wiki, and rich user profiles.
