<p>"Intel Corporation has acquired CognoVision," MaRS Discovery District, a Toronto-based research centre that counts CognoVision amongs its clients, said in a statement yesterday.<br />Intel has a significant presence in India and employs about 1,110 people. The company announced in June that it will increase its staff strength to 3,000 people by 2005.</p>.<p><br />The CognoVision platform helps retailers and digital signage networks measure the effectiveness of in-store marketing and develop deeper insights into shopper behaviour.<br />However, the company has not disclosed the financial terms of the deal.CognoVision said it has been working with MaRS to develop the company's product and business strategy since 2006.<br /><br />"We're grateful for the work that MaRS did over the years to help us move CognoVision from a concept to a rapidly growing business. The MaRS team have been a valuable extension of our own team and an integral part of our success," CognoVision Co-Founder Haroon Mirza said.<br /><br />Intel has acquired four companies since August this year, out of which the company concluded three buyout deals in the same month.In August, the chip-maker said it would buy security software-maker McAfee for USD 7.7 billion and would pay USD 1.4 billion for German chip-maker Infineon. In the same month, Intel snapped up Texas Instruments' cable modem product line for an undisclosed amount. </p>
<p>"Intel Corporation has acquired CognoVision," MaRS Discovery District, a Toronto-based research centre that counts CognoVision amongs its clients, said in a statement yesterday.<br />Intel has a significant presence in India and employs about 1,110 people. The company announced in June that it will increase its staff strength to 3,000 people by 2005.</p>.<p><br />The CognoVision platform helps retailers and digital signage networks measure the effectiveness of in-store marketing and develop deeper insights into shopper behaviour.<br />However, the company has not disclosed the financial terms of the deal.CognoVision said it has been working with MaRS to develop the company's product and business strategy since 2006.<br /><br />"We're grateful for the work that MaRS did over the years to help us move CognoVision from a concept to a rapidly growing business. The MaRS team have been a valuable extension of our own team and an integral part of our success," CognoVision Co-Founder Haroon Mirza said.<br /><br />Intel has acquired four companies since August this year, out of which the company concluded three buyout deals in the same month.In August, the chip-maker said it would buy security software-maker McAfee for USD 7.7 billion and would pay USD 1.4 billion for German chip-maker Infineon. In the same month, Intel snapped up Texas Instruments' cable modem product line for an undisclosed amount. </p>