Intel invests in anti-virus maker

Posted on Friday, Sep 09 2005 @ 09:37 CEST by Thomas De Maesschalck
Intel has acquired a $16 million stake of the Czech Republic anti-virus company Grisoft.

The chip giant says Grisoft's products, which include anti-virus software and a firewall, are now used on more than 25 million computers.

“By acquiring shares in Grisoft, Intel Capital is supporting the development of anti-virus software development and deployment around the globe,” said Intel Capital President Arvind Sodhani. “Under the terms of the strategic cooperation agreement with Grisoft, Intel will work to help Grisoft improve security on computing platforms for small businesses and consumers.”

Pursuant to the terms of the cooperation agreement, Intel Capital will also help Grisoft to reach new customers and market segments as well as optimize their security software.

This would be Intel Capital’s largest equity investment in Central and Eastern Europe. “Intel Capital is a global investor committed to investing in innovative technology companies throughout Europe and beyond,” said Sodhani.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



Loading Comments