Santa Clara-Based Intel Capital Invests $20 Million in Telligent Systems

Santa Clara, Calif. -- Intel Capital, the investment arm of Santa Clara-based chipmaker Intel, said on Tuesday that it will acquire a $20 million stake in Telligent Systems, a Texas-based developer of software for online communities and social networks. Under the deal, Intel Capital has completed its initial closing, and plans to acquire the remainder of its stake within a year. Telligent will utilize the funds to expand its sales teams and territories, including growth in international markets, as well as increase its marketing, advertising and product development efforts. "These social media applications offered by Telligent will help push the boundaries of online collaboration and communication allowing companies to be more efficient and productive," said Arvind Sodhani, the president of Intel Capital. Telligent's flagship product, known as Community Server, is a social computing platform for businesses with more than 3,000 customers.
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