Intel Capital Announces Eight Investments at Annual CEO Summit
Worldwide Deals Total over $60 Million
SAN FRANCISCO, June 3, 2008 – Intel Capital, Intel's global investment organization, kicked off its ninth annual Intel Capital CEO Summit today with the announcement of eight investments totaling over $60 million. The deals, primarily led by Intel Capital, include: India-based Vriti Infocom (online education); Czech Republic-based Internet Mall (online retail); and several U.S.-based companies including Accertify (online security), TOA Technologies (workforce management software), Grid Net (energy efficiency, smart grid), HealthiNation (online health), Vostu (social networking with a Latin America focus) and Veoh Networks (online videos).
Intel Capital also highlighted several recent investments that demonstrate its commitment to investing in global technology innovation. These include an investment in Malaysia's Green Packet to advance WiMAX and a joint business venture dedicated to social and economic development with Bangladesh-based Grameen.
This year's Summit, held through Thursday at the Fairmont Hotel in San Francisco, will host a record turnout of more than 600 CEOs of companies from Intel Capital's investment portfolio and executives from some of the largest Global 2000 companies. With a focus on networking and deal-making, the annual event includes a full agenda of keynote presentations, expert panel discussions and more than 850 matchmaking meetings between portfolio company CEOs and industry executives.
"Our global focus and unmatched company-building efforts, through events such as CEO Summit and our unique Intel Capital Technology Days, have enabled Intel Capital to become a true leader in technology investing," said Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corporation. "During the CEO Summit we strive to gather influential figures, business leaders, global decision makers and inspired entrepreneurs to collaborate on the next generation of innovative technologies throughout the world."
Details on the eight new investments include:
Accertify (United States) -- Accertify is an early stage fraud management system for e-commerce transactions. Accertify's centerpiece solution, Interceptas, integrates all the processes, data and tools needed by merchants to fight credit card fraud online and applies automation to every step in the prevention process.
Grid Net (United States) -- Grid Net is an energy efficiency and smart grid infrastructure software company that uses WiMAX and an open network management framework to enable the delivery of secure, scalable and high-performing Smart Grid services. Grid Net's solutions enable consumers to manage and optimize their electrical energy consumption and likewise enable utilities to better manage, optimize and securely control energy.
HealthiNation (United States) -- Intel Capital led an investment round in HealthiNation, which is a leading multi-platform video network in the health lifestyle and disease management space. The company has major cable distribution with a large percent of top cable providers in addition to a Web affiliate ad revenue model. HealthiNation also has an enterprise licensing model to deliver major cost savings by reducing healthcare costs for the enterprise.
Internet Mall (Czech Republic) -- Internet Mall is an online retailer in the Czech Republic operating also in Germany, Poland, Hungary and Slovakia. The company currently runs more than 45 e-shops in the region with 1,200 product categories -- from consumer electronics to sporting equipment. Internet Mall has more than 500,000 registered customers and a daily rate topping 100,000 users.
TOA Technologies (United States) -- Intel led an investment round in TOA Technologies, a leading provider of Software-as-a-Service (SaaS) solutions focused on managing mobile workforces. TOA's SaaS solutions allow service and goods providers to manage their mobile workforces more effectively, thereby achieving measurable increases in productivity, customer satisfaction and overall revenue.
Veoh Networks (United States) -- Intel Capital led an investment round in Veoh Networks, an advertisement-supported Internet television broadcasting system specializing in longer-form content such as full television episodes and broadcast quality video content.
Vostu (Unites States and Latin America) -- Intel Capital led an investment round in Vostu, a "build your own" social networking platform for Latin America that is localized in Spanish, Portuguese and English. The company shares advertising revenue with network creators.
Vriti Infocom (India) -- Intel Capital was the sole investor in a round of financing for Vriti Infocom, an online education company which seeks to create the first education marketplace in India. Leveraging the Internet to link education seekers with providers, the company builds educational products including online testing, classrooms and communities around such topics as exam preparation.
In 2007, Intel Capital hosted 78 Intel Capital Technology Days with leading customers around the world. These are localized, structured matchmaking events that typically bring approximately 10 portfolio companies together with Global 2000 industry executives for a day of introductions, customer briefings, technology presentations and demo showcases.
In the first quarter of this year, Intel Capital invested $83 million in 36 deals worldwide, including 10 new deals. Approximately 81 percent of Intel Capital's dollars were invested in companies based outside North America.
Intel Capital CEO Summit 2008 is partially sponsored by Deloitte LLP; Gibson, Dunn & Crutcher LLP; BBVA; Capgemini; Morrison & Foerster LLP; Needham & Company, LLC; NYSE Euronext; and Sentient Flight Group.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States.
For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
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