UAE Based NeuString Receives Investment From Intel Capital

| Nov 18, 2009 | comment 2 Comments

NeuStringIntel Capital, Intel Corporation’s global investment arm, earlier announced an investment in NeuString, a leading UAE-based telecommunications analyst software company, further reaffirming Intel Capital’s commitment to investing in the region.

The funding from Intel Capital is to assist NeuString in pursuing regional growth and development plans in addition to extending the company’s product offerings.

NeuString is a billing software company dedicated to delivering predictive analytics solutions and consulting services to mobile network operators to help them achieve greater financial performance.

NeuString currently has offices in the United Arab Emirates, Denmark, Russia, and Ukraine.

The investment in NeuString follows five previous Intel Capital investments in the Middle East this year: two Jordan-based digital content companies − Jeeran and ShooFeeTV; and three UAE-based technology companies – Conservus International FZ-LLC, Pulse Technologies FZ-LLC, and Vertex Animation Studio FZ-LLC.

As has become customary in this part of the world, for some unclear reason, the amount of this investment was yet again not disclosed.

Under the Intel Capital program, Intel plans to continue supporting local entrepreneurship in the Middle East through its investments in education, digital accessibility and specialized technical competencies. The purpose being to help promote technology skills, knowledge transfer and job creation in the region.

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