Intel Capital, Intel Corporation's global investment organization, to invest $23 million in three Indian technology companies - July Systems, KLG Systel, Multi-Commodity Exchange (MCX).
July Systems provides mobile Internet solutions which enable media brands to publish, distribute, monetize inventory and personalize services for consumers. KLG Systel provides smart grid and energy management and efficiency solutions to power utilities and end-users. MCX, a leading commodity futures exchange, has permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for futures market across the country.
Individual investment amounts have not been disclosed. Funding will come from the $250 million Intel Capital India Technology Fund established in December 2005. This fund invests in Indian technology companies to stimulate local technology innovation and the continued growth of India's information technology industry.
Since 1998, Intel Capital has invested over $200 million in Indian technology companies across 10 cities.