Business social networking software firm Telligent has received a big $20 million from Intel Capital, the venture arm of Intel (NSDQ: INTC). The Dallas, TX-based company has completed an initial tranche with Intel, with the remainder of its stake to be acquired within 12 months subject to certain closing conditions. The company plans to use the money to expand its sales teams and territories and increase marketing, advertising and product development plans.
Intel has been an existing client of Telligent. The Dallas, TX-based company has a product called Community Server, which is an enterprise social computing platform…it includes blogging tool, Web discussions, videos, RSS, wiki and rich user profiles, according to the company. CEO Rob Howard blogs about it on the company blog: “I started Telligent back in 2004 with about $5,000. Since then we’ve grown into a 140+ person profitable business.” It has customers such as *Microsoft*, NASDAQ, NFL, MySpace.com (MySpace??), and *Dell*. More details in release.