Intel Corporation (INTC) To Acquire Sensory Networks

Intel Corporation (INTC) To Acquire Sensory Networks
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons
Processor and chip giant Intel Corporation (NASDAQ:INTC) has announced its plans to pay $20 million for security software startup Sensory Networks. The Santa Clara, CA, company’s acquisition shows a shift for Intel away from its core business. Sensory Networks creates pattern matching and acceleration software.Both companies confirmed the deal in statements to CNET today, with each declining to speak of the deal terms. Intel did, however, make it clear that any revenues contributions from Sensory Networks are not germane to the chip maker.Intel Corporation (INTC) To Acquire Sensory Networks

Intel’s deal with Sensory Networks

“We’re very pleased with the deal and to us it culminates almost [five] years of very hard work that started with the restructure of Sensory Networks in 2009 under Sab Gosal (our CEO), myself (as CTO) and with a very small team of employees ([three] engineers in the Sydney office),” Sensory Networks Chief Technology Officer Geoff Langdale told CNET via e-mail. “We’ve shown that a tiny team can yield world-class results and sell technology to Tier 1 network providers.”

While the move is a shift for Intel Corporation (NASDAQ:INTC), it is not its first acquisition of a software company and it is just a drop in the bucket, price wise, compared to other purchases. In early 2009, Intel paid $884 million for Wind River Systems that built software to help run cell phones and other embedded systems.

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

Intel acquiring McAfee

Intel Corporation (NASDAQ:INTC)’s largest software company purchase by far was its acquisition of McAfee in 2010 when it paid nearly $8 billion for the security software company. Intel’s thinking at the time was that rather than detection and a response to computer infections, it would be better served to combine McAfee’s software and its hardware during the manufacturing process.

Intel Corporation (NASDAQ:INTC) has struggled to gain a foothold in the mobile market which is growing at exponential rates as users switch from PCs to tablets. It’s key that Intel expands outside of its PC chip business in order to realize future growth. Intel is clearly keen on making sure that its developing cutting edge software as its core business lags.

Sensory Networks has a mere five employees and was founded by Australian technology entrepreneurs ten years ago. The company is now stranger to Intel having worked with both Intel and with Wind River on a number of projects. Additionally, Sensory networks has worked with Intel rival(?) and chipmaker Cavium.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article Apple Inc. (AAPL) And China Mobile: Is A November Launch Possible?
Next article QUALCOMM To Rule LTE While Intel Holds Steady, ‘Others Likely To Fold’

No posts to display