Intel putting $20 million in business social-net firm

Already a client of Telligent, Intel is infusing the software company with $20 million to expand its reach and sales team.

Intel Capital, the chipmaker's venture arm, has signed a deal to acquire a $20 million stake in Telligent Systems, which specializes in social-networking software for businesses.

Intel is an existing client of Telligent.

The two companies have not disclosed a valuation for Dallas-based Telligent. Part of the $20 million stake has already been acquired, the companies said Tuesday, with the rest to follow within 12 months.

"This significant investment from Intel Capital will allow us to grow our team, our capabilities, and our reach during a time of market expansion," Telligent CEO Rob Howard said in a statement. The investment will be directed toward geographic expansion, hiring more sales professionals, and increasing Telligent's advertising and marketing budget.

Telligent manufactures a product called Community Server, which provides clients with blog, forum, wiki, and other collaborative and social software; the software is used primarily for customer relations and marketing. Those clients include the Associated Press, MySpace, Conde Nast, Electronic Arts, Visa, Honda, Dell, and the NFL.

About the author

Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
Tech industry's high-flying 2014
Uber's tumultuous ups and downs in 2014 (pictures)
The best and worst quotes of 2014 (pictures)
A roomy range from LG (pictures)
This plain GE range has all of the essentials (pictures)
Sony's 'Interview' heard 'round the world (pictures)