Intel Buys Egyptian Software Firm SySDSoft

In a bid to boost its move into the 4G LTE technology market, Intel has acquired most of the assets of Egypt based communications software maker SySDSoft.

The acquisition, which was carried out by Intel's investment arm Intel Capital, will see 100 SySDSoft electrical engineers and computer scientists joining Intel as it boosts its efforts to develop products for the Long Term Evolution 4G market.

The Cairo based SySDSoft specialises in developing embedded wireless systems based on Wi-Fi, Wireless USB and Bluetooth technologies.

The company said that SySDSoft's software will compliment the work being carried out by its Intel Mobile Communications division to develop multi-communications offerings that cater to the 4G LTE market. Intel is looking to boost software development and design capabilities in this lucrative division.

Arvind Sodhani, president of Intel Capital and executive vice president of Intel, said in a statement, “The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East.”

“The acquisition shows Intel's continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool,” he said.