Intel Boosts Investment In The Digital Home

Dec 29, 2004

Intel Corporation today announced that its venture investing organization, Intel Capital, has made three additional investments in companies developing innovative technologies for the digital home.
The new investments, made from the $200 million Intel Digital Home Fund, include a first-time investment in Gteko Ltd., an ease-of-use networking and support software company, and follow-on financing for Synacor Inc., a provider of portals and technology for delivering bundled online services, and Zinio Systems Inc., a digital magazine distributor.

Financial terms of the new investments were not disclosed.

"These new investments were made to support widespread adoption, use and sharing of digital entertainment and information - including music, games, news and video - among multiple devices in the home and elsewhere," said Scott Darling, Intel Capital vice president and director of Enterprise and Digital Home sectors. "We plan to continue to invest next year in companies that enable PC and CE devices to work together easily and in companies that deliver premium content services over IP networks."

Gteko, based in Ra'anana, Israel, provides software and support services for leading technology companies, including HP, Cisco-Linksys and Canon, to automate certain technical support functions, such as first-time set up of a home network, for millions of computer users worldwide.

Synacor, based in Buffalo, N.Y., provides portals and technology to Internet Service Providers (ISPs) enabling them to easily bundle a wide variety of free and paid subscription-only entertainment, educational and other services into their Internet portals. The company has integrated over 30 content and service providers into its product platform, Portelus™. Applying the cable TV business model to the Internet, Synacor offers ISPs one of the largest catalogs of subscription service providers available from one source today. The company's ISP network currently comprises over 5 million broadband subscribers. Intel Capital first invested in Synacor in 2003.

Zinio converts magazines to a digital format, replicating the printed version's look, and electronically delivers it to subscribers. The San Francisco company has delivered more than 26 million digital magazines from 200 popular titles, such as BusinessWeek, Motor Trend, Popular Science and U.S. News & World Report, to more than 1.6 million customers in 232 countries. According to the latest Audit Bureau of Circulation and BPA Worldwide publisher statements, the company has captured 61 percent market segment share for audited digital magazine circulation. Intel Capital first invested in Zinio in 2002.

"Since we created the Intel Digital Home Fund one year ago, we've now announced 12 investments," Darling added. "The companies we've invested in have contributed significantly to industry progress connecting PC and CE devices together, ensuring their ease-of-use, and paving the way for new services to deliver digital entertainment and information."

Intel Digital Home Fund investments announced earlier this year include BridgeCo AG, Cablematrix Inc., Digital 5, Inc., Envivio Inc., Mediabolic Inc., Pure Networks Inc., Staccato Communications Inc., Trymedia Systems Inc. and Wisair Ltd.

Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

Fingerprint security convenient, but not flawless

Feb 26, 2014

(AP)—Samsung's upcoming Galaxy S5 smartphone will be at least the third to have a fingerprint sensor for security but it's alone in letting you use that for general shopping, thanks to a partnership with ...

Google and fellow tech giants move into shopping malls

Dec 19, 2013

The glowing winter wonderland inside the mall here, adorned with fake snow and pulsing with electronic music, beckons weary holiday shoppers. But there's no Santa, and no elves; instead, tablets and laptops are the lure of ...

Tech push transforms TV viewing experience

May 28, 2013

For decades we've been watching TV. Now a new generation of televisions is beginning to watch us. Technological advances are giving the old clunky "boob tube" an IQ injection. Some of the new breed of smart TVs comes equipped ...

Google-Samsung relationship profitable but could change

Apr 04, 2013

The world's leading smartphone maker managed to spotlight a youthful tap-dancer, Broadway actors and plenty of lame jokes during an hourlong event to show off its latest high-end gadget - but there was barely a mention of ...

Recommended for you

Why the Sony hack isn't big news in Japan

4 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Off-world manufacturing is a go with space printer

8 hours ago

On Friday, the BBC reported on a NASA email exchange with a space station which involved astronauts on the International Space Station using their 3-D printer to make a wrench from instructions sent up in ...

Cadillac CT6 will get streaming video mirror

9 hours ago

Cadillac said Thursday it will add high resolution streaming video to the function of a rearview mirror, so that the driver's vision and safety can be enhanced. The technology will debut on the 2016 Cadillac ...

Sony faces 4th ex-employee lawsuit over hack

9 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.