Platinum Technology, Intel in Licensing Pact

Software company Platinum Technology Inc. and Intel Corp. announced a broad-range marketing and licensing pact that includes an investment in Platinum by the semiconductor giant. Under the alliance, Santa Clara-based Intel and Platinum will combine certain technology and distribution channels in an effort to reduce the cost of computing for businesses and improve information technology service levels. In addition, Intel has purchased an undisclosed number of nonvoting shares of Platinum, which the companies said accounted for less than 5% of Platinum. Platinum Chairman Andrew Filipowski said the pact would likely begin adding to the Oakbrook Terrace, Ill.-based company’s revenue this quarter or next but declined to give expectations or comment on estimates. The companies said Intel’s desktop computer management products combine well with Platinum’s software, and Platinum’s direct marketing to businesses complements Intel’s indirect distribution channels. Platinum stock rose $4.17 to close at $28.17, and Intel climbed 88 cents to close at $71.69. Both trade on Nasdaq.