Tech giant Intel has acquired a stake in Omnesys Technologies, a Bangalore-based provider of software for securities trading and order management systems. Terms of the deal were not disclosed.
Privately held Omnesys provides low latency systems for institutional and algorithmic traders and has also recently begun targeting the retail market. Intel says its investment will help the firm take its products around the world.
Navin Shenoy, VP, general manager, Asia Pacific, Intel, says: "Intel's technology has great potential to help transform fast-growing markets, such as India's financial industry. Our investment in Omnesys shows Intel's interest in supporting the increasing sophistication of financial markets in India."
Intel Capital has now made eight investments in India this year, with a total value of up to $45 million.