Reinforces Long-Standing Relationship with Additional Collaboration on UEFI BIOS
and Android for Tablets and Ultrabooks
TAIPEI, TAIWAN, NOVEMBER 22, 2011 - Insyde Software, an Intel Capital portfolio company and leading provider of Unified Extensible Firmware Interface (UEFI) based firmware and customized Android distributions, today announced an investment worth NT$300 million by Intel Capital, Intel Corporation’s global investment and M&A organization.
This investment by Intel Capital is the fourth since Insyde Software's founding in 1998 and comes as Insyde emerges as an important OSV (Operating System Vendor) supplier to OEM and ODM customers that are deploying Windows and Android on Intel-based platforms. In addition to UEFI BIOS, working in collaboration with Intel's Software and Services Group and the Netbook and Tablet Group, Insyde Software will provide Android optimization, customization, and deployment services for OEMs and ODMs worldwide.
"We are pleased to receive this new investment from Intel," said Jeremy Wang, Insyde Software's chairman and CEO. "Insyde Software is not only a trusted provider of robust, quick-booting UEFI BIOS firmware for Intel platforms but also an experienced Android system integrator that can successfully bring highly-tuned, product-quality system software to our customers."
"The proliferation of mobile devices and applications demands new features and capabilities. Insyde Software is uniquely positioned to provide the software building blocks that will help hardware makers bring these innovative, new products to market," said Keith Larson, vice president and managing director, manufacturing sector and Taiwan and Korea regions, at Intel Capital.
"Intel is pleased to announce our collaboration with Insyde Software to help drive additional software innovation for Intel platforms. Insyde's computing solutions optimized for Intel architecture will bring increased value to our shared customers," said Doug Fisher, corporate vice president and general manager of Intel's Software and Services Group's Systems Software Division.
Intel's investment in Insyde Software was highlighted in an announcement issued by Intel Capital on November 14 (http://newsroom.intel.com/community/intel_newsroom/blog/2011/11/14/intel...) at the Intel Capital 2011 Global Summit, held in Huntington Beach, Calif.
About Insyde Software
Insyde Software (www.insydesw.com) is a leading global provider of BIOS, UEFI firmware, engineering services and customized Android solutions for companies in the mobile, server, desktop and embedded computing industries. The company is publicly held (GTSM: 6231) and headquartered in Taipei, Taiwan with U.S. headquarters in Westborough, MA. The company’s customers include the world’s leading computer systems designers and makers.
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.4 billion in over 1,185 companies in 51 countries. In that timeframe, 194 portfolio companies have gone public on various exchanges around the world and 286 were acquired or participated in a merger. In 2010, Intel Capital invested US$327 million in 119 investments with approximately 44 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
Insyde is a registered trademark of Insyde Software. Other company and product names mentioned herein may be trademarks or registered trademarks of their respective holders.