Intel
Capital, the global invest arm of Intel, is taking a $20 million stake
in Telligent Systems, which has created a collaboration and
social-networking computing platform for businesses including Intel.
The $20 million investment by Intel Capital was announced Sept. 23.
In a statement, the two companies said that Telligent has already
collected an initial payment from Intel Capital, and Intel Capital will
then acquire its remaining stake in Telligent within the next 12
months. The two companies did not disclose how large of a stake Intel
Capital now holds with Telligent.
In a blog post, Telligent CEO Robert Howard wrote that his company, which he founded in 2004,
would invest the $20 million in sales and marketing as well as product
research. The company’s signature software, Community Server, is a
social computing platform for businesses that offer a number of Web and
collaboration tools and software, including blogging, RSS feeds and
video.
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