Intel backs Brazilian security company

Intel Capital has made an investment in rapidly growing security company InfoServer Informatica out of its $50 million Brazil fund.

Intel Capital, the venture capital arm of chip maker Intel, has made an investment in security company InfoServer Informatica. The size of the investment was not disclosed.

InfoServer produces password generating devices for cell phones. The company was established in 1995, and said it has grown more than 36 percent per year since 2001.

Intel will support InfoServer in terms of both marketing and technological development, InfoServer said in a statement. InfoServer will particularly benefit from access to Intel technology such in the areas of cryptography, security and server usage, as well as Intel’s vPro processor technology.

InfoServer director Marcos Goncalves said in a statement that he sees the investment as a means for his company to expand into other regions and markets.

Intel Capital has invested in Latin America since 1999, focussing on broadband penetration, e-business and smart and next generation cell phones. Last March, the firm established a $50 million (€34 million) fund dedicated to Brazil, in recognition of the country’s “increasing importance as a technology leader”.

Since 1999 the firm has invested $35 million in 13 companies, including Digitron, TelecomNet, Certsign and Neovia.