Intel acqui-hires Hyderabad-based Ineda Systems for its 100 engineers
Acqui-hire is a portmanteau of "acquisition" and "hiring". This is Intel's first major talent acquisition in India . US-headquartered technology giant Intel Corporation has acqui-hired Hyderabad-based Ineda Systems' 100 engineers, in what seems to be a swift move, sealed between the two companies a week ago--on February 12. Acqui-hire is a portmanteau of "acquisition" and "hiring". This is being seen as a validation of India's talent capabilities and establishes the fact that it has come a long way from where it began seven years ago. Dasaradha R Gude, the founder of Ineda, told Business Today that since it was an acqui-hire deal, the global giant was acquiring Ineda's 100 engineers and one of their office facilities in Hyderabad. This apparently is to help Intel expand and grow faster. Ineda, however he clarifies, will retain its IP and its products; including microchips, medical devices, and smart meters. Ineda, he...