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Effective as of 13 December 2011, Fadata AD has entered into an option agreement with Intel Capital, under which Intel Capital has the right to purchase certain shares in Fadata AD subject to the terms of such agreement.
“This deal is yet another recognition of Fadata’s rapid growth and successful business strategy. And we do believe that this cooperation will proof to be successful for both companies”, said Mr. Anry Levy, CEO Fadata AD.
About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.4 billion in over 1,212 companies in 51 countries. In that timeframe, 194 portfolio companies have gone public on various exchanges around the world and 289 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada.
For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com
About Fadata AD
Established in 1990, Fadata is a leading provider of software solutions for insurance companies worldwide. Its flagman product INSIS has customers in Portugal, France, Dubai, Bahrain, Bulgaria, Romania, Ukraine, Russia, Kazakhstan, Azerbaijan, Columbia, Ethiopia, Estonia, Spain, Denmark, Poland, USA, Slovakia and Hungary. As an Oracle Gold Partner, Fadata also offers its customers solutions and consulting services in the area of Oracle Applications: Oracle e-Business Suite, Oracle CRM, Oracle Enterprise Content Management and BI solutions. With a headquarter in Sofia, Bulgaria and subsidiaries in Romania, Serbia, Russia, Portugal and Denmark, Fadata also has a global distribution and partners’ network in more than 20 countries, which provides service to over 110 customers worldwide.