) recently announced that its business unit Mashery has acquired
Hacker League for an undisclosed sum. Mashery, a
San-Francisco based company founded in 2006, was acquired by
Intel in May, 2013. Mashery helps service developers in API
tracking, metering and security to provide access to critical
Hacker League is an organizer of "hackathons", or events
organized to solve different programming problems within a
specified time. The creations resulting from these events can be
used to facilitate the app development process, which is what
makes it such a good fit with Mashery. The process also
identifies skilled programmers, which makes it all the more
Hacker League's IP (intellectual property) platform and other
assets will move to Intel, with the three co-founders of Hacker
League, namely Mike Swift, Abe Stanway and Ian Jennings parting
The acquisition of Hacker League by the Intel unit seems to
indicate the company's intent to work more closely with
developers. Intel could use Hacker League's platform in its own
hardware-owned hackathons. Mashery could utilize the platform to
further its own internal development.
Intel seems to have taken the same path as
), which has been on an acquisition spree of late. Intel acquired
the HTML5 assets of appMobi in February and followed it up with
the acquisition of Mashery.
Intel is poised to register growth in the future by emphasizing
on its primary sphere of competencies, expanding its core
business lines and by forging manufacturing agreements with other
OEM manufacturers instead of adding new business lines and moving
into the consumer electronics market with flashy new products as
tools for achieving growth.
Intel Corporation is one of the world's largest semiconductor
chipmakers. Intel reported third-quarter revenues of $13.48
billion, within the guidance range of 13.5 billion (+/-$500
million). This was up 5.2% sequentially and 0.2% year over year.
Currently, Intel has a Zacks Rank # 3 (Hold). Better-ranked
stocks in the same sector include
Microchip Technology Inc
), both with a Zacks Rank # 2 (Buy).
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