In India, Intel Capital invested in Perpetuuiti Technosoft which offers real-time visibility and availability management of business continuity planning/disaster recovery (BCP/DR) infrastructure and online car rental company Savaari Car Rentals. Other investments made include cloud consultancy CloudFX (Signapore); cloud storage software provider Cloudian (Japan/USA); community website and services platform CSDN (China); 3-D software developer DotProduct (USA); cloud file service Fileforce (Japan); interactive video platform Interlude (Israel); technology peripherals company Lintes Technologies (Taiwan); mobile news syndicator Mobiles Republic (France/USA); visual merchandising and analytics solutions Prism Skylabs(USA); hybrid storage provider Reduxio Systems(Israel); chip simulation acceleration Rocketick(Israel); semiconductor materials developer SBA Materials(USA); open source database solutions SkySQL(Finland); and wireless electricity developer WiTricity (USA).
Designed to create growth opportunities for Intel Capital portfolio companies through structured networking, the Intel Capital Global Summit includes a full agenda of keynote presentations, expert panels and more than 2,000 targeted meetings between portfolio company CEOs and key business executives. Portfolio companies attending past Global Summits have gone on to sign business deals with leading corporations across a wide range of industries.
“The annual Intel Capital Global Summit brings together our vast worldwide network of decision-making Fortune 1000 executives with our portfolio company CEOs to network, exchange ideas and kick start partnerships and business deals.” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We are also excited to announce new investments in these 16 innovative companies and look forward to supporting them with our unmatched company-building programs like the Intel Capital Global Summit.”
“Perpetuuiti Technosoft is a rarity - a product oriented company that started in India but is expanding globally, that’s focused on leveraging its technology to provide enterprises with visibility into data availability and business continuity through a single click, mobile centric, fully automated platform.” said Sudheer Kuppam, Managing Director, Asia-Pacific, Intel Capital. “We are excited to invest in Savaari as it seeks to use technology to organize the largely unorganized car rental market and bring more consumers online. This is an important element in our portfolio approach to develop the online ecosystem in India to engage First Time Buyers (FTBs).”
“Having a leading venture capitalist like Intel Capital as our Investment Partner is of great value and is a Testament to our Competence and Potential”, said Rohil Sharma, CEO, Perpetuuiti TechnoSoft.
Commenting on the investment, Gaurav Aggarwal, CEO and Founder, Savaari Car Rentals said, “For Savaari, the imperative is to provide best-of-class experience at competitive prices for our customers, by leveraging technology. Intel Capital’s support will help take this to the next level and we also stand to gain a lot from their knowledge of consumer related services space which they have garnered over the years from their diverse portfolio.”
The investment managers for the India investments are Bhavanipratap Rana, Intel Capital Investment Director based at Bangalore and Deepak Gupta, Intel Capital Director based at Mumbai.
New investments:
Perpetuuiti™ provides a “Continuity Platform™” that offers Real-Time Visibility and “Availability Management™” of BCP/DR infrastructure. The platform fully automates BCP/DR processes and brings visibility that is tied into Business Impact, allowing single click BCP/DR invocation. Its products are designed to work with a variety of complex heterogeneous IT environment of customers without any technology limitations, orchestrating continuity and recovery procedures for virtual and physical computing resources across Data Centers.
The company having its presence in USA, APAC, ME, India and has signed multi year channel deals with IBM, TCS, ESDS, Trimax to offer DR as a service, On premise and On Cloud having customers like Vodafone, Idea Cellular, Edelweiss Tokio, Tata Housing, Voltas etc.
Savaari Car Rentals (India) is an online car rental company, offering car rentals across 60 cities in India to both retail and corporate customers.
Intel Capital in India
Intel Capital made their first investment in India in 1998 and has invested over US$330 million in more than 90 technology companies across 10 cities till date. In December 2005 Intel Capital launched the “Intel Capital India Technology Fund” worth US$250 million. Out of this approximately 80% has been deployed with over 40 Indian technology companies receiving investments. More than 20 companies Intel has invested in India have gone public till date.
About the Intel Capital Global Summit
The Intel Capital Global Summit is Intel Capital’s pre-eminent technology networking event. The 2013 event brings together more than 1,000 registered attendees from Intel Capital portfolio companies, Intel’s global customers and partners and industry leaders from around the world. The Intel Capital Global Summit 2013 is sponsored by Aon Corporation, Archpoint Partners, Bingham McCutchen, Credit Suisse, Gibson Dunn & Crutcher, KPMG, Morrison & Foerster, NASDAQ OMX, Needham, Silicon Valley Bank, Strategic Executive Search Group and TriNet.
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, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
