Intel Capital has made no bones about being more aggressive in its investing strategy by dishing out bigger chunks of money and leading more rounds. It's monstrous investments in WiMax service provider Clearwire Corp. [CLWR] is a prime example.
While it hardly measures up to the $1.62 billion it has sunk into Clearwire, Intel Corp.'s [INTC] corporate VC arm has made another big investment in the form of taking a $20 million stake in Telligent Systems Inc., which develops social computing platforms for enterprises. The four-year-old startup's flagship product offers a suite of social collaboration tools including blogging, videos, RSS and wikis for businesses.
In a blog post, Telligent founder and CEO Rob Howard says his company spoke with 25 VC and private equity firms before boiling it down to Intel Capital, a "strong capital partner to enable us to make some big, aggressive investments."
The deal marks one of Intel Capital's biggest investments of the year. The size of the acquired stake wasn't disclosed. - Olaf de Senerpont Domis
See Sept. 23 press release from Intel Capital
See Sept. 23 blog post from Telligent
Continue reading below
