Intel acquires SySDSoft assets
Company also hired 100 of the Cairo-based software company’s staff
Intel Corporation has acquired most of the assets of Cairo-based private software company SySDSoft, through its standalone business entity Intel Mobile Communications.
Intel has also hired around 100 electrical engineers and computer scientists from the company
"The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East," said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. "The acquisition shows Intel's continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool."
SySDSoft designs IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms.
The acquisition of SySDSoft's solutions is designed to enhance Intel Mobile Communications' existing multi-communications portfolio, accelerating its 4G LTE efforts with the addition of software development and design capabilities.
"As we enter an era of multi-communication broadband solutions, Intel's products and technologies will be important to our vision of billions of connected devices," said Dr Hermann Eul, president of Intel Mobile Communications. "Intel is making the necessary investments to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to our customers that will work seamlessly across a range of global networks. The acquisition supports this strategy and we believe that SySDSoft's proven and experienced engineering team, combined with Intel Mobile Communications' existing wireless strength, positions us well for continued growth in LTE."