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Intel invests $7.2 million in Jabber

Jim Hu Staff Writer, CNET News.com
Jim Hu
covers home broadband services and the Net's portal giants.
Jim Hu
Instant messaging company Jabber on Monday said it secured a $7.2 million investment from Intel Capital, which joins France Telecom and Webb Interactive Services as Jabber's main financial benefactors. Intel hopes the investment in Jabber will lead to broader applications for its mobile chip technology such as its Centrino-based mobile computers and its cell phones based on Personal Internet Client Architecture.

Jabber produces a commercial instant messaging product that it sells mainly for corporate use. The company also has an open-source effort called Jabber.org that is based on a proposed standard called extensible messaging and presence protocol, which is being considered for ratification by the Internet's main standards body.