Intel Acquires Egypt-based SySDSoft
Intel Corporation, through its standalone business entity Intel Mobile Communications, today announced that it has acquired most of the assets of SySDSoft, a privately held software company based in Cairo and hired approximately 100 of the companys electrical engineers and computer scientists. SySDSoft designs state-of-the-art IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms.
The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East, said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. The acquisition shows Intels continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool.
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