Intel has made a $10 million investment in US Web as the corporate Internet systems designer readies itself for an IPO, designed to raise $45 million.
The investment will be made to coincide with the IPO, which is priced at $10 a share. Intel will get a 20 per cent discount on that price. The chip giant already has a relationship with US Web through an arrangement allowing it to install software from Pandesic LLP, a joint venture between Intel and SAP US. US Web expects to report substantial losses until the end of next year.
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