Intel, through its standalone business entity Intel Mobile Communications, has acquired most of the assets of SySDSoft, a privately held software company based in Cairo, Egypt.
The chip maker has also hired approximately 100 electrical engineers and computer scientists of SySDSoft, which designs IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms.
Intel executive vice president and Intel Capital president Arvind Sodhani said the acquisition of engineering and design talent firm involved in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East.
"The acquisition shows Intel’s continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool," Sodhani said.
SySDSoft’s solutions are expected to enhance Intel Mobile Communications’ existing multi-communications portfolio, specifically accelerating its 4G LTE efforts with the addition of software development and design capabilities.
Intel said that Intel Mobile Communications is an integral part of the chip maker’s strategy to accelerate always-connected computing platforms founded on energy-efficient performance, Internet connectivity and security.
Intel Mobile Communications president Hermann Eul said the acquisition supports Intel’s strategy to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to their customers that will work seamlessly across a range of global networks.
Meanwhile, Intel has recently acquired security software firm McAfee in an all cash deal of $7.68bn, to help it integrate security into its microprocessors and chipsets.
The McAfee acquisition will help Intel build enhanced security for its product, as the company has started focusing onto the growing smartphones and other handheld devices market.
The company said, "With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services."
