Intel Capital buys stake in Omnesys
Dec 14 2010 , Bangalore
Terms of the transaction were not disclosed.
This investment marks Intel Capital’s eighth deals, which are potentially worth up to $45 million, in India during 2010. The deals reflect the strong entrepreneurial culture and the spirit of innovation that exists in India today, Intel said in a statement.
Arvind Sodhani, president of Intel Capital and executive vice-president of Intel, said, “Intel Capital’s acquisition of shares in Omnesys Technologies reflects the growing adoption of sophisticated, high-end compute platforms and reaffirms our commitment towards fostering innovation among entrepreneurs in India. Intel Capital hopes to assist Omnesys in their global expansion.”
Intel Capital hopes that this investment relationship will create opportunities for Omnesys to connect with potential customers, and take its product to securities markets around the world.
Shrikant Pandit, founder and CEO of Omnesys Technologies, said, “We see our association with Intel Capital as an important step in our growth plans to access global markets. This marks an important milestone for Omnesys as we aim to strengthen our position in India and in markets overseas.”
Omnesys Technologies provides low-latency, high-performance trading systems, which are used by institutional and algorithmic trading desks.
“Intel’s technology has great potential to help transform fast-growing markets, such as India’s financial industry. Our investment in Omnesys shows Intel’sinterest in supporting the increasing sophistication of financial markets in India,” said Navin Shenoy, vice-president and general manager, Asia-Pacific, at Intel.




















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