Bangalore, Mar 22: Intel Capital today announced the appointment of &13;
Sudheer Kuppam as Managing Director for India, Japan, Australia and &13;
South-East Asia. He will be based in Bangalore Intel Capital said here in a release.
Mr. Kuppam was formerly the director of Intel Capital's Flash Memory and &13;
Semiconductor sector, in which he oversaw investments including Intel Capital's &13;
recent US dollar 65 million investment in Taiwan-based Powertech Technology,Inc.
As Intel Capital managing director for India, Japan, Australasia and &13;
South-East Asia, Mr. Kuppam would be responsible for leading Intel Capital's &13;
investment strategies and expansion plans, including placement of the US dollar &13;
250 Million Intel Capital India Technology Fund. Mr. Kuppam reports to Arvind &13;
Sodhani, president, Intel Capital, and would peer with Cadol Cheung, Intel &13;
Capital managing director for China, Korea and Taiwan.
By investing in companies that achieve both strategic and financial &13;
objectives, Intel Capital supported Intel's overall objectives in the areas of &13;
Digital Home, Digital Enterprise, Digital Health, Mobility and Technology and &13;
Manufacturing.
Mr. Kuppam first joined Intel in 1997 and by 1998 was promoted to the role of &13;
Engineering Manager, with responsibility for managing a US dollar 100 million &13;
operational area in Intel's Technology and Manufacturing Group. He joined Intel &13;
Capital in 2000 and since then was responsible for a diverse group of &13;
investments in Asia, Europe and North America supporting Intel's strategic &13;
initiatives.
Intel Capital, Intel's venture capital organization, makes equity investments &13;
in innovative technology start-ups and companies worldwide. Intel Capital &13;
invests in a broad range of companies offering hardware, software, and services &13;
targeting enterprise, home, mobility, health, consumer Internet and &13;
semiconductor manufacturing. Since 1991, Intel Capital has invested more than &13;
US dollar six billion in nearly 1,000 companies in more than 40 countries. In &13;
that time, about 180 portfolio companies have been acquired by other companies &13;
and another 155 have gone public on various exchanges around the world. In &13;
2006, Intel Capital invested about US dollar 1.07 billion in 163 deals with &13;
approximately 60 percent of funds (excluding Clearwire) invested outside the &13;
United States.
UNI
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