[photopress:neusoft.jpg,full,alignright]Intel is investing $40 million in Neusoft Group as part of a deal which will have the Chinese software vendor optimize its products for Intel microprocessors.
The deal marks the largest investment to date made by the $200 million Intel Capital China Technology Fund. The deal is still subject to regulatory approval.
Based in Shenyang, Neusoft runs one of China’s largest IT training programs and provides outsourced software-development services for embedded applications, counting a large number of Japanese companies among its clients. In addition, Neusoft offers its own range of software products, including business management and human resources applications. The two companies also announced an agreement that will see the companies cooperate more closely.
Intel is not the first multinational vendor to team up with Neusoft. Earlier this year, SAP took a minority stake in Neusoft as part of an agreement to expand the cooperation between the two companies. SAP did not disclose the size of its investment in Neusoft.
Source: InfoWorld