Intel acquires a share of Danish IT company Zensys  

Chip giant Intel has acquired part of Zensys which develops chips and technologies for wireless networks

Chip giant Intel has acquired part of the Danish IT company Zensys which develops chips and technologies for wireless networks. Zensys MD Per Wilhelm Nathanaelson isn't prepared to disclose how much share ownership Intel has gained at what price. He does however stress the fact that the deal makes Zensys part of the Intel concern, opening doors to a large customer pool, big marketing budgets and plentiful development resources.


The two companies will collaborate on developing a wireless technology which links domestic electronic equipment. Zensys has a patented communication technology called Z-wave which provides wireless remote control of air conditioning, garage doors, electricity, alarms etc from a computer, PDA or mobile phone. The shared product is planned for launch at the keynote Computer Electronics Show in Las Vegas in January 2004.


Zensys was established in 2000 and employs 32 people. Investors in the company include UK venture company Palamon Capital Partners and the Danish Fund for Industrial Growth, which together have invested DKK 205 million (USD 32 million) since 2001. The news is reported by Computerworld online.


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