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Intel Acquires API Tech, Cloud Firm Mashery

IntelLogoIntel Corp. has acquired application programming interfaces manager Mashery Inc. for undisclosed terms as part of its strategy to transition to the software business, according to an AllThingsD article.

The acquisition will move 125 employees to Intel's services division from Mashery, which operates APIs to help developers integrate cloud services and software solutions, Arik Hesseldahl writes.

Intel aims to expand its portfolio to include software technology in addition to developing chip products.

The company bought software security vendor McAfee for $7.7 billion in 2010 in a bid to implement McAfee's security solutions to Intel's processors.

Prior to the acquisition, Mashery received $12 million funding from a venture round led by OpenView Ventures and Cisco Systems.

Overall, Mashery had generated more than $34 million funding rounds, according to AllThingsD.

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Written by David J. Barton

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