M&A Deal Summary

Intel Acquires Parity Software Development

On November 15, 1999, Intel acquired semiconductors company Parity Software Development

Acquisition Highlights
  • This is Intel’s 5th transaction in the Semiconductors sector.
  • This is Intel’s 15th transaction in the United States.
  • This is Intel’s 11th transaction in California.

M&A Deal Summary

Date 1999-11-15
Target Parity Software Development
Sector Semiconductors
Buyer(s) Intel
Deal Type Add-on Acquisition

Target

Parity Software Development

California, United States
Prima develops software that allows organizations to integrate telephony technologies with e-commerce customer-service applications.

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Buyer(S) 1

Buyer

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


DEAL STATS #
Overall 15 of 97
Sector: Semiconductors M&A 5 of 20
Type: Add-on Acquisition M&A Deals 13 of 83
State: California M&A 11 of 39
Country: United States M&A 15 of 62
Year: 1999 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-14 DSP Communications

Cupertino, California, United States

DSPC is a developer and supplier of form-fit reference designs, chipsets and software to mobile phone manufacturers. DSPC develops, markets, licenses, and sells application specific integrated circuits (ASICs) based on digital signal processing (DSP) technology, software stacks, and reference design development kits for advanced wireless voice and data communications applications.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-03 Software & Silicon Systems Pvt.

Bangalore, India

Software & Silicon Systems Pvt. Ltd. provides Software & Silicon Systems Pvt. Ltd.

Buy -