Intel Capital Makes Equity Investment into 3 UAE Technology Firms

The global investment organization from Intel Corporation, Intel Capital, has invested into three different UAE companies. The technology firms are Conservus International FZ-LLC, Pulse Technologies FZ-LLC and Vertex Animation Studios FZ-LLC. Funding from the USD 50 million Intel Capital Middle East and Turkey Fund will help grow and develop the companies by extending product offerings and increasing brand recognition.

The exact amount of investment in each company has not been disclosed.

However, the deal comes on the heals of Intel president and CEO, Paul Otellini, visiting the gulf region. It also comes after Intel made an investment into Sphere Networks, a UAE-based software development firm.

Conservus International FZ-LLC (www.conservus.ae)
Dubai-based Conservus International is an IT and media marketing firm that has designed a digital targeted advertising portal called MyConservus Portal. The technology offers direct access by advertisers to a target base of consumers and highlights services available at a specific location. Used heavily in the hospitality service, the company plans on launching services into more hotels throughout 2009.

Pulse Technologies FZ-LLC (www.pulseliving.com)
Pulse Technologies has designed an automation system for large-scale deployment into residential and hotel rooms. The technology offers energy savings, fault monitoring and community services that aid in central monitoring and management. The system can be integrated into nearly every possible venue. Pulse is located in Dubai.

Vertex Animation Studio FZ-LLC (www.vertexstudios.ae)
Vertex Animation Studio provides services in 3D multiplatform gaming, virtual reality applications and digital animation. The company works in both online and multimedia outlets such as DVD and Blue-Ray using high-definition technology. Vertex Animation is based in Dubai Studio City.

Intel Capital (www.intelcapital.com)
As Intel’s global investment arm, Intel Capital invests in technology start-ups and companies on a global scale. The firm makes equity investments into a variety of sectors including consumer Internet, semiconductor manufacturing, health care, hardware and software development.

Established in 1991, Intel Capital has invested over USD 7.5 billion in companies in 45 countries.

Intel Capital Middle East and Turkey Fund is one of the fastest growing investment opportunities for the company as it expands into that region.