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03.25.2010 - Intel Capital Invests US$23 Million in India



View Intel-Press related news. Intel Capital today detailed plans to invest US$23 million in three Indian technology companies. The deals include July Systems, a provider of mobile Internet solutions that enable media brands to publish, distribute, monetize inventory and personalize services for consumers; KLG Systel, a provider of smart grid, energy management and efficiency solutions to power utilities and end-users; and MCX, a leading commodity futures electronic exchange in India. Individual investment amounts were not disclosed. Funding will come from the US$250 million Intel Capital India Technology Fund established in December 2005. Since 1998, Intel Capital has invested more than US$200 million in Indian technology companies across 10 cities. For more information on the investments view the press release.

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NID: 32970 / Submitted by: The Zilla of Zuron
Categories: Press Release
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