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September 16, 2007
Intel Acquires VC-Backed Havok - Irish Gaming Middleware
Updated: Trinity Venture Capital (TVC) disclosed today that it sold its stake in Telekinesys Research, the company behind Havok, to Intel for over €15 million ($21 million) in a deal that values the company at about €79.2 million cash. (Source rte.ie )
Intel has acquired Havok, a nine year old Irish developer of middleware that is used to create special effects in video games and movies. [via tg daily ]. Terms of the deal were not disclosed.
It was originally a spinout of Trinity College in Dublin and there is potential for more like this to emerge from the region, according to Silicon Republic.
Havok was backed by Irish venture firms Trinity Venture Captial , ICC Venture Capital and Iona.
View havok
Posted on September 16, 2007 05:17 PM | Posted to News And Updates | Permalink
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