Intel arm invests in India's R Systems

MUMBAI: Intel Capital, the equity investment arm of chip-maker Intel Corp.,

has invested in privately held Indian software services provider R Systems

International Ltd., a senior Intel official said on Wednesday.

Siddhartha Das, director of strategic investments at Intel Capital - India,

however did not reveal the amount invested.

R Systems, which started operations in 1993, specializes in segments like

business-to-business, business-to-customer, e-governance and wireless software

development services.

It has offices in the United States, Singapore and India and has 200 active

clients.

The firm's chief executive officer, Rekhi Singh said Intel's investment will

be used to fund the development of software solutions based on Intel's 32-bit

and 64-bit chips.

R Systems will also use the funds to set up four competency centers for the

64-bit Itanium chip, he said.

Intel Capital started operations in India two years ago and has invested

nearly $100 million in 30 Indian companies.

It focuses on making investments and acquisitions to support the

Internet-related economy, including Internet infrastructure, content and

services.

(C) Reuters Limited 2001.