The Hindu Business Line : Intel Capital invests in Ilantus Tech

Intel Capital has picked up a stake in Bangalore-based, privately-held Ilantus Technologies, which provides solutions in the domain of identity and access management (IAM). Both Intel and Ilantus chose not to disclose the specifics of transaction, but market sources estimate the investment to be around $2 million.

Ilantus plans to use the funds to scale up its operations, including setting up of the second global competency centre at Gurgaon, said Mr Binod Singh, President and CEO. The company would soon open offices in Sydney and Dubai and plans to double headcount from 100 to 200 in the next two months, he said. At present, Ilantus has operations in US, London, India and Singapore.

Ilantus works with IAM technology solutions providers including IBM, BMC, Microsoft and Oracle on extending their IAM products/offerings, he said.

Mr Kumar Shiralagi, director, Intel Capital India said this was the eighth investment by the company under the $250 million India Technology Fund announced in December last year. Other investments by Intel Capital include Microland and inSilica among others. Mr Shiralagi said Intel Capital has invested about $100 million in around 45 Indian companies since 1998-99.

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