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Home » Hacking News » Intel invests $16m in Czech security company

Intel invests $16m in Czech security company

by Nikola Strahija on September 8th, 2005 Intel has invested $16 million in Czech anti-virus company Grisoft, which produces AVG software, used on 25 million computers around the world, both business and consumer. Intel said it wants to help Grisoft reach a wider audience with its investment.

The investment still has to be approved by the competition council of the Czech Republic, but represents Intel's largest investment ever in Central and Eastern Europe. Intel Capital has only invested in five other companies in the region since 1999.

Last year, Intel Capital invested $130 million in emerging companies, with 40 percent of those investments reaching companies outside of the US. The group tries to pick companies that it believes will create or enhance new markets for Intel's products. Last month, Intel Capital announced investments in three Chinese companies from a special fund created to invest in China.

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