Aussie firm scores windfall from Intel 64 Fund

Local software vendor Aurema has received funding from the Intel 64 Fund to develop resource management technology for Intel processors.

Aurema, which specialises in active resource management technologies, received an undisclosed amount of funding from the quarter of a billion dollar equity fund which invests in emerging tools and technologies for Internet, enterprise and workstation solutions.

The investment will support the company's development of an optimised version of its ARMTech resource management technology for Intel's IA-64 products, starting with the Intel Itanium processor.

Karl Rodrigues, business development manager for Intel Capital, said: "There is technology in Australia at the high end of the computing space. This is a great general credit to information technology in Australia."

Aurema's president and CEO, Richard Osborne, said the investment will raise the profile of Australia.

"We have IT investment opportunities throughout Australia. We have world class intellectual property. What we are short on, as a nation, is strong management technology leadership. More and better technology leaders would raise our calibre as a nation."

Intel coordinates the Intel 64 Fund, with Compaq, Dell, HP, Intel, NEC, and SGI as co-investors while a swag of major US companies, such as Boeing, the Bank of America, SmithKline Beecham and Ford Motor Company, swells the list of investors.

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Siobhan Chapman

PC World
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