Business & Investment

Intel Acquires Israeli Joint Screenovate for $ 100 Million

Intel Corp. today announced that it has acquired an Israeli startup. Screenovate, Design and develop screen duplication solutions. These solutions improve the user experience by enabling a high degree of integration between users’ end devices. Screenovate’s technology enables interaction between many devices and screens while optimizing the user experience.

Financial details about the deal haven’t been disclosed, but one source told Globes that Intel has paid Screenovate $ 100 million. That’s ten times the $ 10 million raised by the company. Screenovate was founded by CEO Joshua Glazer. He financed $ 2 to $ 3 million during the formation of the company. This is a loan after it has been repaid. Intel Capital invested in the company in 2014. According to LinkedIn, Screenovate has 41 employees, down 16% from last year.

After the acquisition, Screenovate will join Intel’s Client Computing Group (CCG), the company’s PC-centric division. Intel plans to continue developing and selling Screenovate’s existing products and working with its team to improve the PC user experience.

Jim Johnson, Intel’s VP Client Engineering, said: The best way to meet your needs, such as the need for a smooth and efficient user experience on PCs and Intel Evo platforms The acquisition of Screenovate drives this goal to complement the platform technology portfolio and provide solutions to our customers. Useful for. In the context of interactions between different devices. We look forward to seeing Screenovate’s talented engineers join the ranks of Intel. “

Dr. Joshua Glazer, Founder and CEO of Screenovate, said: Its market coverage, technology power and excellent connectivity open up new perspectives for all of us. This is great news for the team, the PC market, and our customers. “

Globes publishes Israeli business news- en.globes.co.il -December 6, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.

Intel Acquires Israeli Joint Screenovate for $ 100 Million

https://en.globes.co.il/en/article-1001393421#utm_source=RSS Intel Acquires Israeli Joint Screenovate for $ 100 Million

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