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Home arrow Online Media arrow Intel Invests $20M in Collaboration, Social Net Provider
Intel Invests $20M in Collaboration, Social Net Provider
By Scott Ferguson

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The global investment division of Intel is investing $20 million in Telligent Systems, whose Community Server platform offers Web collaboration and social networking tools.

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.

Read the rest of this article on eWEEK.com.





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