Mumbai, December 14, 2010 – Intel Capital, Intel Corporation's global investment organization, today announced the acquisition of shares in Omnesys Technologies, a Bangalore-based provider of software for securities trading and order-management systems. 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.
“Intel Capital’s acquisition of shares in Omnesys Technologies reflects the growing adoption of sophisticated, high-end computer platforms and reaffirms our commitment towards fostering innovation among entrepreneurs in India,” said Arvind Sodhani, President of Intel Capital and Executive Vice President of Intel. “Intel Capital hopes to assist Omnesys in their global expansion.”
Terms of the transaction were not disclosed.
“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,” said Shrikant Pandit, the founder and CEO of Omnesys Technologies.
Omnesys Technologies provides low-latency, high-performance trading systems, which are used by institutional and algorithmic trading desks. The company is also making inroads in the retail trading market and is building new revenue streams by making its software available in other countries and offering a hosted version of its software that’s available for a monthly, per-user subscription.
“Intel’s technology has great potential to help transform fast-growing markets, such as India’s financial industry. Our investment in Omnesys shows Intel’s interest in supporting the increasing sophistication of financial markets in India,” said Navin Shenoy, vice president and general manager, Asia-Pacific, at Intel.
The investment in Omnesys Technologies shares is the eighth deal that Intel Capital has announced in India during 2010. These eight deals – potentially worth up to US$45 million – reflect the strong entrepreneurial culture and the spirit of innovation that exists in India today.
The other deals that Intel Capital announced this year in India include Althea Systems, July Systems, MCX, Verismo, and Allied Digital Systems. Intel Capital also announced follow-on investments in two Indian portfolio companies: Vriti and Wortal.
Funding for the investment in Omnesys Technologies will come from the US$250 million Intel Capital India Technology Fund established in December 2005. This fund invests in Indian technology companies to help stimulate local technology innovation and the continued growth of India's information technology industry.