Wednesday, January 26th | 24 Shevat 5782

December 7, 2021 9:04 am

Intel Acquires Israeli Startup Company Screenovate for $100 Million

avatar by

Cars drive past US chipmaker Intel Corp’s “smart building” in Petah Tikva, near Tel Aviv, Israel December 15, 2019. Photo: REUTERS/Amir Cohen. – The global tech powerhouse Intel announced on Monday that it acquired Israeli startup Screenovate.

No deal details were released publicly, though a source told the Israeli business daily Globes that Intel is paying $100 million for Screenovate, which is 10 times the $10 million it had raised.

The acquired company develops screen-duplication solutions that allow interaction between multiple devices.

Intel invested in Screenovate in 2014; after the acquisition, the Israeli company will join Intel’s Client Computing Group, according to Globes.

Related coverage

January 26, 2022 3:34 pm

Five-Year $70 Million Tech and Innovation Program for Arab Sector Launched by Ministry of Science, Innovation Authority

CTech – The Israel Ministry of Science, Technology and Innovation and the Israel Innovation Authority have launched an economic program...

“The many research studies that we have conducted have found the enormous importance of the user experience, regardless of what device is being used,” said Intel Vice President of Client Engineering Jim Johnson.

Screenovate Founder and CEO Joshua Glazer said, “the opportunity to become part of Intel with its market coverage, technology power and excellent connections opens new horizons for all of us.”

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.