Intel Invests In Chinese Social Network, Five Other Companies

Three-fourths of Intel's investments in the first quarter of this year were in companies outside the United States.
Intel has invested a total of $31 million in six companies ranging from a Chinese social network to a maker of Internet telephony technology.

The investments were made through the company's venture capital arm Intel Capital, which kicked off its annual CEO Summit on Wednesday. About 400 executives are attending this year's meeting, Intel said. Attendees are from companies that have received Intel money and money from global 2,000 companies.

The new investments include China-based, the largest social networking site in the country with 60 million registered users. The site is popular with 17- to 30-year-olds and is growing by about 5 million accounts per month, Intel said.

Also receiving money is Jajah, a U.S. company building Internet telephony technology. Jajah and Intel also entered into a business and marketing deal that has Intel providing Jajah with access to Intel product dealers, OEM customers, and developers.

Other investments include two firms in Israel. Aternity is a supplier of application management software for the enterprise, and Cedo Technologies builds personal working environment software for consumer portable storage devices. As part of the deal, Aternity has agreed to support Intel's vPro technology for remotely managing desktops and notebooks.

The last two investments are Phoenix Microelectronics, a Chinese integrated circuit design house that builds products for equipment sold to wireless operators; and, a U.S. company that provides on-demand tutoring and homework services.

In the first quarter of this year, Intel Capital invested $154 million in 43 deals worldwide, including 20 new companies. Three-fourths of these investments are in companies outside the United States.

In April, Intel Capital was instrumental in bringing together six software companies to launch a collaboration suite for business productivity. The companies, which specialize in next-generation Web applications, are NewsGator, SimpleFeed, Six Apart, Socialtext, SpikeSource, and Visible Path.

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