Intel acquires Israeli firm Telmap
Intel has signed an agreement to acquire Israeli company Telmap, a provider of navigation and location-based services, search and content.
Telmap will become a wholly-owned subsidiary of Intel.
“This move is a step towards expanding our mobile software services capabilities as Intel continues to grow in the area of software and services. We are all very excited to have such knowledgeable and respected experts join the company,” said Intel’s AppUp General Manager Peter Biddle announcing the acquisition on Intel’s AppUp Developer Program blog.
Telmap has around 210 employees and approximately seven million subscribers use the company’s services worldwide.
This is Intel’s fifth acquisition of an Israeli company in the last one year or so.
Early last month, the processor giant had acquired GraphTech, a company that works in the area of advanced video graphics.
Earlier it had purchased Neocleus, a maker of client hyper visors and cellular chip maker Comsys, as well as taking over the cable modem manufacturing business of Texas Instruments.
Intel has been operating in Israel since 1974, and has around 8,000 employees in the country.
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