Monday, June 04, 2007

Ceedo recieves an undisclosed investment from Intel Capital

Intel Capital, Intel's investment group, invested an undisclosed sum in Ceedo Technologies, a privately held software company.

The Israel-based company said it would use the investment to:

'further establish its position as a leader in personal working environment software for consumer portable storage devices, and accelerate its growth into the corporate and business market segments'.

Ceedo's virtualization technology enables running Windows applications from external physical or network drives without requiring installation on the host PC. It allows users to carry their programs, documents, e-mails and favorite browser with them, accessing them through an easy-access menu once connected to a computer. In other words - Ceedo Personal enables users to access all the PC programs - on the go. (Ceedo Personal is available for a free trial through this link.)

Ceedo was founded in 2005 by Dror Wettenstein (currently serves as CTO) and is led by Dror Sofer, the former COO of XACCT Technologies.

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