12/26/2011

Akamai acquires Web and mobile acceleration services provider Cotendo for $268 million

Content delivery services provider Akamai Technologies has acquired Web and mobile acceleration services provider Cotendo, for a net cash payment of approximately $268 million. The combined technology and teams of the two companies expected to help accelerate pace of innovation in cloud and mobile optimization.

Cotendo_logo.jpgAs a developer of cloud-based acceleration technologies, Cotendo offers single-platform software that uses highly efficient unified proxy delivery and intelligent server software—rather than a massive CDN infrastructure—to drive optimized content delivery.

"As we look to accelerate growth across the dynamic landscapes of cloud and mobile optimization, we are excited to be joining forces with Cotendo," said Paul Sagan, president and CEO of Akamai.  "Cotendo's technology, partnerships and people are a strong complement to Akamai.  Together, we believe there is tremendous opportunity for our combined technologies as enterprises embrace the move to the cloud and seek solutions for an increasingly mobile world." 

"By combining our innovative technology and employees with Akamai, we expect our customers and partners will gain access to a comprehensive, global platform and wider portfolio of leading-edge services supported by some of the most experienced providers in the industry," said Ronni Zehavi, CEO and co-founder of Cotendo.

Contendo was founded in 2008 by Zehavi, David Drai (CTO) and Udi Trugman (VP R&D). The istraeli startup is headquartered in Sunnyvale, CA, with a technology center in Netanya, Israel.  Cotendo currently has approximately 100 employees, with over 50 based in Israel.

In July 2010 Cotendo has raised $12 million from Tenaya Capital, Sequoia and Benchmark Capital. And in June 2011 the comapny has completed a $17 million funding round from Citrix Systems, Juniper Networks, Sequoia, Benchmark and Tenaya.

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12/23/2011

Privileged identity management solutions provider Cyber-Ark secures $40M from JVP & Goldman Sachs

Cyber-Ark Software, a global information security provider for protecting and managing privileged accounts and sessions, critical applications and sensitive information, has raised $40 million investment round form Goldman Sachs and Jerusalem Venture Partners (JVP)

The transaction includes the purchase of shares from existing shareholders, as well as the provision of growth capital for the company. Following the round, Cyber-Ark's main shareholders will include JVP, Goldman Sachs, Vertex Venture Capital and Cabaret-ArbaOne. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated Chairman of the Company and David Campbell, a Vice President in the Merchant Banking Division at Goldman Sachs, will join the Board.

logo.gifCyber-Ark's solutions enable its customers to proactively protect their organizations against insider threats and advanced external threats. The company will use the proceeds to further accelerate growth, while capitalizing on its position as a market leader in Privileged Identity Management, one of the fastest growing segments within the $4 billion identity and access management market. 

“We were attracted to Cyber-Ark’s leading technology solutions in the large and fast growing market of securing corporate cyber assets,” noted Campbell. “Cyber-Ark has significant customer traction with some of the world’s largest enterprises and a history of producing cutting edge security software. The Company’s top class management team has a strong track record of demonstrating consistent and profitable growth.”

Cyber-Ark specializes in protecting and managing privileged users, sessions, applications and sensitive information to improve compliance, productivity and protect organizations against insider threats and advanced external threats. In recent years, Cyber-Ark has experienced significant customer growth, expanding to nearly 1000 enterprise customers worldwide, including 8 of the Top 10 global banks and more than 35 percent of the Fortune 100 companies.

Cyber-Ark was founded in 1999 by Udi Mokady, President and CEO at Cyber-Ark, and Alon N. Cohen, outgoing Chairman of the comapny. Headquartered in Newton, Massachusetts, US, Cyber-Ark has sales offices in UK, Singapore and R&D center in Petach-Tikva, Israel.

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12/06/2011

DSP Group acquires chips solution provider BoneTone for $10 million

Wireless chipset solutions provider DSP Group has acquired BoneTone Communications, a provider of innovative chip solutions that redefine audio quality and voice intelligibility in mobile devices and headsets, for approximately $10 million.

DSP Group's acquisition of BoneTone comes two years after the companies entered into a strategic partnership. Toward the end of 2009, DSP Group acquired an equity stake in BoneTone.

The acquisition provides DSP Group with diversification and cutting-edge technology in the promising and fast-growing mobile device market. BoneTone's products are expected to generate revenues already in 2012.

BoneTone_logo1.jpgBoneTone leverages unique signal-processing technologies that transform inaudible voice calls into clear and comprehensive conversations, and redefines the music-listening experience in mobile devices. BoneTone offers two groundbreaking chips: HDClear, a chip that completely removes background noise for far end users. And HDMobileSurround, which enables mobile phone, tablet and PC users, through the use of an advanced small form-factor headset, to enjoy home theater-quality sound on the go while gaming or watching movies.

"The acquisition of BoneTone enables us to differentiate and expand our product portfolio, as well as strengthen our leadership in converged communications," said Ofer Elyakim, CEO of DSP Group. "By leveraging our product development abilities, marketing infrastructure and broad customer base, we expect BoneTone's innovative solutions to generate growth in several areas. BoneTone's focus on the mobile phone industry further opens the door to an expanding market with long-term growth potential."

BoneTone is a provider of innovative IC solutions that redefine audio quality and voice intelligibility in mobile devices and headsets. BoneTone was founded in September 2007 by Dr. Arie Heiman, BoneTone Chairman & CEO. The company is located in Rosh Ha’ayin, Israel.

DSP Group is delivering system solutions that combine semiconductors and software with reference designs. The company enables consumer electronics (CE) manufacturers to cost-effectively develop new revenue-generating applications with fast time to market.

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12/05/2011

NICE acquires performance management solutions provider Merced for $150 million

NICE Systems has acquired service and sales performance management solutions provider Merced Systems, for approximately $150 million.

Additionally, NICE will pay Merced up to $20 million in cash subject to Merced meeting certain performance targets. The deal will add approximately $55 million to NICE revenues in 2012.

nice systems,merced,zeevi bregman,matt glickman,mark selcowMerced's performance management solutions have been selected by companies worldwide including: Bell Canada, British Gas, Coca Cola, Dell, Delta Airlines, O2, Sprint, T-Mobile, and Verizon.

Available in on-premise, SaaS and hosted models, Merced's solutions will be offered both as standalone and as a tightly integrated component of the NICE suite. Integrating Merced and NICE capabilities creates a closed-loop performance management solution. Adding capabilities such as real-time interaction analytics and real-time customer feedback to traditional data sources will deliver more accurate performance measurement and insights. 

"The acquisition of Merced constitutes an important and strategic addition to our offering of enterprise-wide customer interaction solutions. Expanding our portfolio with the market leading performance management solutions will enable both NICE and Merced customers to enjoy an enhanced offering with rich functionality," said Zeevi Bregman, President and CEO of NICE.

Merced was founded in in 2001 by Matt Glickman, CEO of Merced, and Mark Selcow, the company President. The company is headquartered in Silicon Valley and London, with major customers in more than 20 countries worldwide. 

NICE provides intent-based solutions that capture and analyze interactions and transactions, realize intent, and extract and leverage insights to deliver impact in real time.

11/28/2011

Microsoft acquires video content search company VideoSurf

Microsoft has acquired the video content search company VideoSurf to enhance video discovery capabilities for Xbox LIVe, by increasing the speed and relevance of the search results.

videosurf,microsoft,lior delgo,achi brandt,eitan sharon,shai deljoVideoSurf offers a back-end computer vision technology that "sees" frames inside videos to make discovering content fast, easy and accurate. Microsoft will integrate this technology across its entertainment platform to augment the Xbox 360 ecosystem and evolve search and discovery of entertainment content on Xbox LIVE.

"VideoSurf's content analytics technology will enhance the search and discovery of entertainment content across our platform," said Alex Garden, director of Xbox LIVE for the Interactive Entertainment Business at Microsoft. "This holiday we will launch voice search across our entertainment partners on Xbox LIVE." 

The acquisition of VideoSurf will also make it easier for world-leading TV and entertainment providers to take full advantage of advanced features such as voice search enabled by Kinect for Xbox 360. With Kinect, users will be able to easily search and discover content across multiple entertainment providers within Xbox LIVE and then interact with and enjoy content in extraordinary ways using voice search powered by Bing on the Xbox 360.

Founded in 2006 by Lior Delgo, CEO at VideoSurf; Professor Achi Brandt, Chief Scientist; Dr. Eitan Sharon, CTO;, and Shai Deljo, COO. The company is headquartered in San Mateo, CA, US.

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11/09/2011

Information security solutions provider Imperva raises $90 million in IPO on NYCE

Information security solutions provider Imperva has raised $90 million in a new initial public offering (IPO) on the New York Stock Exchange (NYCE). The closing reflects company value of $400 million.

imperva_color_RGB.jpgImperva is a leader of a new category of data security solutions for high-value business data in the data center. Its SecureSphere Data Security Suite is a broad solution designed to prioritize and mitigate risks to high-value business data, protect against hackers and malicious insiders and address and streamline regulatory compliance. 

The shares are expected to begin trading today on the NYCE under the symbol "IMPV." Imperva announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $18 per share. 

Imperva is offering 4,750,000 shares of common stock and selling stockholders are offering 250,000 shares of common stock. In addition, Imperva has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the initial public offering price. J.P. Morgan Securities and Deutsche Bank Securities are acting as joint book-running managers for the offering. RBC Capital Markets, Lazard Capital Markets and Pacific Crest Securities are acting as co-managers.

Imperva generated revenue of $55.4 million in 2010, an increase of 41% over the $39.3 million in revenue we generated in 2009, and we reduced our net loss attributable to our stockholders to $12.0 million in 2010 from $12.3 million in 2009.

Imperva was founded in 2002 by Shlomo Kramer President and CEO at Imperva, and Amichai Shulman, CTO of Imperva. Prior to founding Imperva, Kramer co-founded Check Point Software Technologies in 1993. Prior to Imperva, Shulman was founder and CTO of Edvice Security Services.

The company Headquarters are located in Redwood Shores, CA, United States, with a Research and Development (R&D) center in Tel Aviv, Israel.

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10/28/2011

Solar power startup SolarEdge closes $37M from NVP, GE, Walden, Genesis, Vertex and Lightspeed

SolarEdge Technologies, a provider of end-to-end solar power optimization and PV monitoring solutions, has closed a $37 million round of funding led by Norwest Venture Partners (NVP).

Existing investors - Opus Capital, Walden International, Genesis Partners, Vertex Venture Capital, Lightspeed Venture Partners and GE, also participated in this round.

Opus Capital, Walden International, Genesis Partners, Vertex Venture Capital, Lightspeed Venture Partners, GEThe funding will enable the company to accelerate its global expansion and production plans as well as strengthen its balance sheet. 

SolarEdge is poised for tremendous growth as more customers and business partners realize the benefits provided by the technology," said Dror Nahumi, partner at NVP. "Today's funding round will be used to capitalize on this potential, fuel the company's growth worldwide and establish SolarEdge products and technology as a quality standard for reliable and efficient solar energy systems."

"The solar industry is transitioning toward advanced power harvesting solutions. We see SolarEdge as the clear market leader in this high-growth segment given its compelling advantages over existing approaches," said Kevin Skillern, a managing director and leader of Venture Capital at GE Energy Financial Services.

SolarEdge provides end-to-end distributed solar power harvesting and PV monitoring solutions, allowing maximum energy production for a faster return on investment. The company was founded in 2009 by Guy Sella, the company CEO and Chairman. SolarEdge located in Hod Hasharon, Israel.

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10/27/2011

Video-infrastructure products provider Qwilt raises $24 million from Accel, Redpoint and Crescent

video-infrastructure products provider Qwilt has raised $24 million in two rounds of funding from Accel Partners, Redpoint Ventures, Crescent Point Group and other investors, including Rob Glaser, the founder and former CEO of RealNetworks.

qwilt,accel partners,redpoint ventures,crescent point group,alon maorQwilt boosts network performance to deliver more movies and TV shows. The company helps Internet-service providers more efficiently deliver high-quality video to their customers - meaning more consumers can see video from sources like Netflix, YouTube and Amazon. The company is now testing its products with five global carriers.

"The explosion of Internet video viewed through all types of Web-enabled devices, from smartphones to iPads, calls for new technology to help the consumer get the best possible viewing experience, and to help carriers and service providers optimize their networks for that," said Alon Maor, Qwilt's CEO. "The recent rise of bandwidth-usage caps shows how difficult and costly it is for carriers to deliver sophisticated video services today. Their networks are simply not architected for it. Qwilt offers a win-win-win solution for carriers, content providers and, most important, users."

Video now represents about 40% of all Internet traffic, and is projected to quadruple by 2015, when video is expected to make up more than two-thirds of all online activity. Streaming videos from the Netflix service alone make up 30% of Internet traffic during peak evening hours today.

"So much of the buzz about Internet video today is on the consumer side, around the incredible growth of services like Netflix and Hulu, which are feeding shows and movies to users on PCs and smartphones," said Tom Dyal, partner at Redpoint Ventures who is a member of Qwilt's board. "But few people are talking about the enormous strain all this new content is putting on Internet providers - the companies forced to carry all this video through their overburdened pipes." 

Qwilt develops video technology that helps carriers identify, monitor, store and deliver high-quality, Internet video through one cost-effective platform. Qwilt's solutions enable carriers to better monetize Internet video and let consumers see the online entertainment they want in the highest possible quality.

Qwilt was founded in 2010 by Maor, with Giora Yaron (a serial entrepreneur who was chairman of Mercury Interactive, acquired by HP), Yuval Shahar (former CEO of P-Cube, acquired by Cisco), and Dan Sahar (formerly with Juniper Networks). Qwilt is headquartered in in Redwood Shores, California, and has sales offices in Europe.

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10/20/2011

Ethernet wireless backhaul solution provider Siklu raises $19 million from Qualcomm & Amiti Ventures

Ethernet wireless backhaul solution provider Siklu has closed $19 million second investment round led by Qualcomm and Amiti Ventures. All existing investors: DFJ- Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity, joined this round.

Siklu will use the new funding to further extend its leadership to picocell backhaul products for 4G/LTE and beyond, and to expand its marketing and sales activities to the US and Indian markets.

"Backhaul has become an important consideration for operators as they continue to expand their high-speed 3G networks and plan their 4G strategies," said Nagraj Kashyap, Vice President of Qualcomm Ventures. "Siklu has taken a creative approach to this challenge with its miniature picocell architecture, giving operators a cost-effective means to bolster their backhaul capacity."

logo.gifSiklu delivers scalable and flexible carrier-grade millimeter wave Gigabit Ethernet radio solutions. These advanced architecture solutions offer price-performance value for mobile backhaul, Carrier Ethernet business services, enterprise, and vertical applications in developed and emerging markets.

"Data explosion, driven by growth of smart phones and tablets, necessitates need for cost-effective and reliable carriage of data. Siklu's innovative design provides a simple and reliable solution while dramatically reducing cost," said Anil Khatod, Managing Director of Argonaut, and former Chief Marketing & Strategy Officer and President, Optical & Internet Solutions of Nortel Networks.

Siklu was founded in 2008 by Izik Kirshenbaum, Chairman & President at Siklu, and Yigal Leiba, the company CTO. Siklu is a Delaware company with its R&D and Operation center based in Petach Tikva, Israel.

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10/18/2011

Personal finance security startup BillGuard secures $10M from Vinod Khosla, Peter Thiel & Eric Schmidt

Personal finance security startup BillGuard has secured $10 million in second-round financing led by Khosla Ventures, with participation from Peter Thiel's Founders Fund, Eric Schmidt's Innovation Endeavors.

The round also included existing venture capital funds and angels investors including: Bessemer Venture Partners, IA Ventures, SV Angel, Founder Collective, Social Leverage and Yaron Galai and Joe Lonsdale.

billguard,vinod khosla,eric schmidtBillGuard alerts consumers about hidden charges, billing errors, misleading subscriptions, scams and fraud on their credit cards. The coampny developed self-learning, big-data mining algorithm that harness the collective knowledge of millions of consumers reporting billing complaints online and in their electronic statements.

Launched in May 2011, BillGuard's free consumer web service scans user's credit and debit card activity daily and alerts them to hidden charges, billing errors, misleading subscriptions, scams and fraud. In its first four months, the new service has saved its users nearly half a million dollars in hidden charges, billing errors, misleading subscriptions, scams and fraud. The company projects that consumers lose tens of billions of dollars annually to such charges. Phone bill protection, a top requested feature, is also in the works.

Founded in April of 2010 by Yaron Samid and Raphael Ouzan, BillGuard is privately held with offices in New York and Israel. The funding will be used to accelerate growth and support marketing, business development, sales and R&D expansion.

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10/17/2011

Salesforce.com invests in application security testing solution provider Checkmarx

Application security testing solution provider Checkmarx has completed a new round of funding raising capital from customer and collaboration relationship management (CRM) services provider salesforce.com and private equity investor Ofer Hi-Tech.

Logo.jpgCheckmarx source code analysis technologies enables customers to track throughout their Software Development Lifecycle (SDLC) whether their application code is following internal or external compliance requirements or is in accordance with the developing and hosting platform guidelines.

The funds will be used by the company to bolster product development as well as sales and marketing efforts to promote the Checkmarx cloud-based source code scanning service.

"Secure coding and application quality have become essential disciplines in today's threat-filled and performance-hungry environment," said Emmanuel Benzaquen, Checkmarx CEO. "We are strongly committed to our platform partners' proactive strategy to provide secure coding and quality practices to the entire cloud. This is fully in line with our goal of bringing our customers to the promised land of unbreachable applications."

Checkmarx supports leading programming languages and framework such as C#, Java, C/C++, VB6 and PHP, as well as platform languages and frameworks such as salesforce.com's Apex and VisualForce. Checkmark's CxCloud generic cloud-based code scanning service is available to any developer or enterprise.

Checkmarx was founded in 2006 by Maty Siman, the company CTO. The company is based in Tel Aviv, Israel, with an office in New York, USA.

10/14/2011

Enterprise software monitoring solution provider Aternity secures $13 million

Enterprise software monitoring solution provider Aternity has closed a fourth round of financing raising $13 million from a group of investors led by Investor Growth Capital (IGC).

The round also included significant follow-on participation by all existing investors including: Vertex Venture Capital, Genesis Partners, Intel Capital, and Clal Industries and Investments.

top_logo.jpgAternity’s Frontline Performance Intelligence (FPI) platform provides comprehensive application, physical and virtual desktop monitoring coverage, advanced, real-time analytics, and massive scalability in order to dramatically reduce business disruptions, increase user productivity and deliver optimization of enterprises’ support resources.

The company released in September version 5.0 of its FPI platform. Equipped with comprehensive application and desktop coverage, advanced, real-time analytics, and massive scalability, the Aternity FPI Platform v5.0 dramatically reduces business disruptions, increases user productivity, and delivers breakthrough optimization of enterprises’ support resources.

Aternity was founded in October 2004 by Eden Shohat, Amir Eldad, Orit Kislev-Kapon, and Amnon Yacoby, the current Chairman of Aternity. The company headquarters are located in Westborough, MA, US, and its R&D center is based in Hod Hasharon, Israel.

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10/07/2011

Web site testing solution provider Amadesa secures $7.4 million from Gemini Israel and Carmel Ventures

Web site testing solution provider Amadesa has secured a second funding round of $7.4 million led by Gemini Israel Funds and Carmel Ventures. Amadesa will use the funding to aggressively expand sales and marketing efforts and further extend its industry-leading enterprise solution suite.

logo.pngAmadesa provides a single platform for website testing and relevancy targeting solutions to enhance conversion rate optimization and engagement activity.

The company expert professional services and robust analytics offer clients step-by-step guidance for optimized resource management, implementation, strategic planning and meaningful analysis, making it easy to understand website visitors and maximize conversions and revenues.

"Since introducing the first fully integrated website conversion optimization software-as-a-service (SaaS) suite, we've continued to be at the forefront of offering the most innovative and powerful solutions to online marketers who have aggressive business goals," said Avi Kedmi, Amadesa CEO.

Amadesa provides complete website testing and relevancy targeting solutions to help marketers in e-commerce and e-business companies, to increase conversions and revenue, enhance visitor experiences, and elevate marketing return on investment (ROI). Amadesa's client list includes such diverse organizations as Shoebuy.com, Progressive, Mary Kay, and General Mills.

Amadesa was founded in 2005 by Kedmi, Avihai Ozana, and Nathaniel Zenou. In 2008, Amadesa has raised $5.4 million in first funding round from Carmel Ventures. The company based in Evanston, Illinois, US, with an R&D center in in Ramat-Gan, Israel. 

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09/30/2011

Intel acquires mobile location-based services provider Telmap

Intel has acquired mobile navigation and location-based services provider Telmap, in order to provide mobile local search, mapping and navigation services, as part of its AppUp services.

Telmap will allow Intel to provide AppUp developers with differentiated location capabilities in the form of a standard set of location-based APIs and software that developers can easily integrate into their AppUp apps. Intel AppUp Service enables server manufacturers, software vendors, and service providers to offer businesses key advantages of cloud computing with applications and data running on their own premises.

Telmap.gifTelmap provides white label, hosted and managed mobile location-based services to mobile operators, and its mobile location companion is available on more than 700 devices, on all major operating systems, including: Android, iPhone, BlackBerry, Windows Phone 7, Symbian and more.

Telmap existing user base grow in 2011 to over five million, including users from mobile operators like Orange FT Group, Vodafone, Vodacom, SFR, Telefonica-O2, MTS, SingTel, and OPTUS.

Telmap was founded in 2000 by Michael Pechatniko and currently managed by Oren Nissim. Telmap headquarter is located in Hertzlyia, Israel. The company will become a wholly-owned subsidiary of Intel. 

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09/25/2011

Secure email solutions provider ActivePath secures $10M from Battery, Gimv, and Genesis Partners

Secure email and messaging solutions provider ActivePath has secured a $10 million in a second financing round led by Battery Ventures and Gimv NV, with participation from existing investors including Genesis Partners

ActivePath.gifActivePath's solutions enable banks, financial institutions, card services and ecommerce companies to communicate and interact with customers in real-time, enabling customers to transact banking and other services from within email. 

ActivePath will deploy the capital to accelerate product development and drive sales and marketing penetration in North America, Latain America and Europe.

"ActivePath technology is revolutionizing email messaging and enabling companies to have more profitable interactions and transactions with their customers," said ActivePath CEO, Renan Levy. "Our unique technology is attracting attention and gaining adoption with banks, credit card issuers, ecommerce companies and other email senders in the Americas and EMEA."

ActivePath (formally PostalGuard) was founded in 2007 by Aryeh Mergi, ActivePath president, and Ram Cohen, the company’s CTO. In April 2010 the Israeli startup has raised $4 million from Genesis Partners and a group of private investors.

ActivePath headquarter is located at New York, US, with a research and development center in Petach Tikva, Israel. 

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09/22/2011

Video conferencing solutions provider Vidyo raises $22.5 million

Video conferencing solution provider Vidyo has raised $22.5 million in new financing round led by QuestMark Partners, with participation of existing investors, Menlo Ventures, Rho Ventures, Star Ventures and Four Rivers Group. The fourth investment round brings the total amount of capital raised by the company to $97 million since its founding in 2005. 

vidyo,ofer shapiro,dr. alex eleftheriadis,tim krongard,questmark partners,menlo ventures,rho ventures,star ventures,four rivers groupVidyo offers personal telepresence enabling natural, HD multi-point video conferences on tablets and smartphones, PCs and Macs, room systems, gateways that interoperate with H.323 and SIP endpoints, telepresence solutions and affordable cloud-based broadcast solutions.

"The video conferencing market will undergo exponential growth in the next five years and new market leaders will emerge," said Tim Krongard, Partner at QuestMark Partners. "Vidyo is leading the innovation charge in video conferencing today and has emerged as an industry-changing force as the market moves to mass deployment of integrated mobile, desktop and telepresence solutions."

Vidyo will use the funding to further expand its sales and marketing activities to address the global market demand for higher quality, more flexible and scalable mobile, desktop, room system and immersive telepresence systems.

Vidyo was founded by Ofer Shapiro, CEO of  Vidyo, and Dr. Alex Eleftheriadis, the company Chief Scientist. Vidyo is headquartered in New Jersey, US, with office in Hong Kong, Tokyo, New Delhi, London, and Milano. 

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09/20/2011

NICE acquires customer feedback solutions provider Fizzback for $80 million

NICE Systems has acquired the UK based customer feedback and customer experience management (CEM) solutions provider Fizzback, for $80 million in cash.

logo.pngFizzback solution helps companies listen, respond and act in real-time to their customers’ comments, resulting in increased customer loyalty and employee performance. Fizzback's event-driven SaaS-based solution conducts an automated real-time dialog in natural language with consumers via mobile, web, or social media, resulting in up to 50% response rate.

The combination of Fizzback and NICE will both improve CEM as well as operationalize real-time Voice of the Customer (VoC) both for the contact center and across the enterprise. Correlating customer feedback to specific interactions or transactions helps improve performance enterprise-wide with statistically validated responses, as well as enhance quality management and processes.

"The adoption of and demand for CEM solutions, at all levels of the organization, including Marketing, Finance and Operations, is on the rise," said Zeevi Bregman, President and CEO of NICE. "With the addition of Fizzback, NICE is expanding the scope of its capabilities of Impacting Every Customer Interaction by introducing a Customer Experience Management solution with the most complete Voice of the Customer offering. This enables our customers to more effectively capture, understand and leverage VoC as the foundation to a cross-enterprise CEM strategy."

Founded in 2004 headquartered in the UK, Fizzback is backed by Advent Venture Partners, Nauta Capital and TAG. Fizzback customers include tier-1 organizations from a variety of vertical industries, including, British Telecom (BT), O2, Best Buy Europe, Virgin Media, Tesco, and several Tier 1 North American telecom carriers.

NICE provides intent-based software and hardware solutions to organizations in enterprise, financial crime, and security sectors. The Fizzback acquisition is expected to add approximately $20 million to its non-GAAP revenues in 2012.

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09/07/2011

Attunity to acquire enterprise file replication provider RepliWeb for $7.8 million

Real-time data integration software provider Attunity will acquire RepliWeb, a provider of enterprise file replication and managed file transfer technologies, for $7.8 million.

RW.gifRepliWeb provides enterprise software and world-class support that ensures information and application availability throughout distributed IT infrastructures. With more than 1,500 customers worldwide, RepliWeb is a profitable business that generated approximately $8 million in revenue during 2010.

The strategic acquisition will enable Attunity to offer a broadest line of replication solutions, enabling access, sharing and distribution of both data and content across heterogeneous IT platforms in enterprise data centers and Cloud environments.

"This acquisition is an important milestone that will help Attunity to grow faster through the introduction of new software technologies and broader base of established customers," said Shimon Alon, Attunity's Chairman and CEO. "In addition to its strategic importance, this transaction will nearly double our revenues by the end of 2012 and accelerate our organic growth, thereby creating the necessary platform to drive earnings power and enhance shareholder value."

RepliWeb was founded in 2000 by CEO Yossi Moriel. RepliWeb is headquartered in Coconut Creek, Florida, US, with operations in the US, UK, and development center in Petah-Tikva, Israel.

logo_attunity.gifAttunity is a provider of real-time data integration software that enables information access and availability across data centers and the cloud. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and HP. The company revenues for the first half of 2011 increased 13% to $6 million, and net income increased to $357,000. Attunity headquartered is located in Boston, US, with R&D center in Kfar Netter, Israel.

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08/31/2011

Online ads verification company DoubleVerify raises $33 million from JMI Equity and IVP

Online advertising verification company DoubleVerify has raised $33 million in third financing round led by JMI Equity and Institutional Venture Partners (IVP). Other participants in the round included previous investors Blumberg Capital and First Round Capital. This investment brings the company's cumulative financing to $47 million.

doubleverify,jmi equity,institutional venture partners (ivp),blumberg capital,first round capital,oren netzer,alex liverantDoubleVerify has developed online media verification solutions for advertisers, agencies, ad networks, DSPs, exchanges and publishers.

DoubleVerify has driven accountability and transparency for the online advertising ecosystem by tracking actual delivery of campaigns to verify that they are in compliance with the advertisers' insertion order terms, conditions and buying guidelines. DoubleVerify verifies an average of more than 40 billion impressions per month for hundreds of leading Fortune 500 marketers.

The new funding will help fuel DoubleVerify's global growth and allow it to make strategic acquisitions that will help enhance its product set and strengthen its market leadership.

"Despite the growing complexity of online advertising, DoubleVerify has bridged the gap between what advertisers expect and what ad selling channels deliver, raising the accountability, trust and ROI in the industry," said Oren Netzer, CEO of DoubleVerify.

DoubleVerify was founded in February 2008 by Netzer and Alex Liverant, the company CTO. DoubleVerify is headquartered in New York City, with sales offices in London and engineering offices in Tel Aviv, Israel. Within the past 12 months, the company has jumped from 30 employees to 160 today, with 50 more will be added to offices in New York, Israel, and London.

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08/15/2011

Virtual replication software provider Zerto closes $15 million second funding round

Virtual replication software provider Zerto has closed a $15 million second funding round led by U.S. Venture Partners (USVP) alongside existing investors Battery Ventures and Greylock Partners.

28226_Zerto.jpgZerto developed reinvention of business continuity and disaster recovery (BC/DR) technology in order to meet the needs of today's virtualized data centers and cloud environments. The company announces today the commercial availability of 'Zerto Virtual Replication,' the industry's first hypervisor-based replication solution for large enterprises. 

Zerto's solution meets the strict performance and compliance criteria that large companies have when protecting mission-critical applications.

"With many companies seeking to move their critical applications to virtualized and cloud-based environments, the lack of adequate BC/DR solutions has been a major impediment," said Jacques Benkoski, Venture Partner at USVP. "We are pleased to be able to invest in an experienced team and a solution that enables the next major wave of virtualization and cloud adoption by Fortune 500 companies."

Zerto was founded in October 2009 by Ziv Kedem (Zerto’s CEO) and Oded Kedem (CTO), previously co-founded Kashya, acquired by EMC in 2006. Zerto has raised a total of $6.2 million in seed and first financial round from Greylock Partners Greylock Partners. Zerto is headquartered in Herzelia, Israel and Waltham, MA, US.

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