From the official message Intel it became known that it absorbed the Egyptian software developer - the company SySDSoft, specializing in the field of wireless broadband - LTE, WiMAX, Wi-Fi, Bluetooth, etc. The amount of the transaction was not disclosed.
According to the concluded agreement, Intel will hire about 100 engineers SySDSoft in Egypt. She will also have access to all patents SySDSoftwhich will henceforth be part of Intel Mobile Communications. Acquisition will improve positions Intel in software development for 4G networks.
This is the first such deal. Intel in this region. It is believed that it became possible after the overthrow of the regime of Hosni Mubarak. Representative Intel said that the company is very interested in young Egyptian specialists with great potential. So it is quite possible that the company from Cairo is only the first step in this direction.