Intel Capital, the corporate venturing unit of chip maker Intel, has acquired an undisclosed number of shares in Omnesys Technologies, an India-based provider of software for securities trading and order-management systems.
Intel Capital has invested $45m in eight Indian companies this year, including Althea Systems, July Systems, MCX, Verismo, Allied Digital Systems, Vriti and Wortal.
Arvind Sodhani, president of Intel Capital and executive vice-president of Intel, said: "Intel Capital’s acquisition of shares in Omnesys Technologies reflects the growing adoption of sophisticated, high-end compute platforms and reaffirms our commitment towards fostering innovation among entrepreneurs in India."
Shrikant Pandit, founder and CEO of Omnesys Technologies, said, "We see our association with Intel Capital as an important step in our growth plans to access global markets."
Separately, India’s government has approved eight foreign investment proposals worth an aggregate R883.2 crore ($195.7m) but deferred decision on 14 others, including ones by Intel Capital, Hindalco and Reliance Broadcast Network, according to news provider Press Trust of India.
Intel Capital planned to make investment by subscribing to warrants in an investing company, Press Trust said.