Intel Capital Acquires $20 million Stake in Telligent Systems

Sep 26, 2008

Intel Capital, Intel’s global investment organization, announced an agreement to acquire a $20 million stake in Telligent Systems, makers of social computing solutions and business intelligence tools. Telligent will utilize the funds to expand its sales teams and territories. Telligent’s flagship product, Community Server, is an enterprise social computing platform that includes blogging, web discussions, videos, Really Simple Syndication (RSS), wiki, and rich user profiles. Telligent has completed an initial closing with Intel Capital with the remainder of its stake to be acquired within twelve months subject to certain closing conditions.