Congratulations to Khaled Ismail and the team at SySDSoft for being yet another “first” – the first acquisition of its kind by Intel in the Middle East. Quick re-cap from TechCrunch:
Intel, through stand-alone subsidiary Intel Mobile Communications, today announced that it has acquired most of the assets of SySDSoft, a Cairo, Egypt-based software company to accelerate its 4G LTE efforts.
The privately-held company develops embedded wireless systems. Intel says it will hire roughly 100 of SySDSoft’s electrical engineers and computer scientists.
Other terms of the acquisition were not disclosed.
SySDSoft develops and designs IP solutions in the software stack and physical layer domain as well as RF/analog circuits embedded in mobile platforms. The company’s product portfolio includes a variety of standardized technologies such as WiMAX, WiFi, Bluetooth, Wireless USB, CDMA-DO and LTE.
The company’s customer portfolio includes small and medium fabless design companies, from small startups to Fortune 500 companies.
Its solutions are to enhance the Intel subsidiary’s existing multi-communications portfolio.