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Intel Capital acquires Shares in Omnesys

by VARINDIA 2010-12-14

Intel Capital has acquired shares in Omnesys Technologies. 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. Terms of the transaction were not disclosed.

"Intel Capital's acquisition of shares in Omnesys Technologies reflects the growing adoption of sophisticated, high-end computing 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."

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.

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.