08/15/2007
Workflow & BPM software provider PNMsoft secured $3.3 million from Goldrock
PNMsoft, a provider of software solutions for Workflow and business process management (BPM), today has secured an investment of $3.3 million from Goldrock, an investment fund of the Goldman Investments Group.
"Goldrock's investment provides PNMsoft solid financial backing enabling it to accelerate and expand overseas operations, with a particular focus on Europe", said Gal Horvitz, CEO of PNMsoft. "We plan to play a dominant role in our segment within Europe as well as expand our North American activities in preparation for a future public offering.”
PNMsoft (formerly Panam Information Systems) is the developer of Sequence, a system that enables the fast and simple setup, operation and management of business know-how and processes. Sequence automated modules run a range of business work flows (production, development, acquisition, finance and more) with significant time and cost savings. The Company's R&D operations are based in Netanya, Israel, and the international headquarters are located in London.
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05/01/2007
Reuters will acquire text analytics solutions provider ClearForest
Financial information company Reuters will acquire Israeli text analytics solutions provider ClearForest. The financial terms were not disclosed. Reuters plans to retain and continue to work with the existing management team and their highly skilled workforces in the US and Israel.
Reuters believes that search will be a pivotal element to the future of how financial information is sourced and consumed. As part of its drive into this space, it has created a new strategic group within Reuters and appointed former head of search for AOL, Gerry Campbell, who will oversee the integration of ClearForest and drive this innovation.
“ClearForest technology has the potential to impact the user experience across all Reuters products,” said Campbell, Reuters Global Head of Search & Strategic Development. “ClearForest has developed a superior, commercially proven technology in the field of Text Analytics that will make it immensely easier for our customers to find, understand and navigate our content.”
ClearForest’s software enable text driven business intelligence (BI) for customers such as Dow Chemical, Reuters, and Elsevier Science to turn large volumes of contextually-based information into proactive business intelligence. Corporate headquarters are in Waltham, MA with a technology center in Or-Yehuda, Israel. The firm investors include Greylock, Deutsche Bank Capital Partners, Pitango Venture Capital, Walden Israel, Booz, Allen & Hamilton, HarbourVest Partners and JP Morgan Partners.
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07/25/2006
HP to acquire Mercury Interactive for $4.5 billion
HP announced that it has signed a definitive agreement to purchase Israeli IT management software provider Mercury Interactive for approximately $4.5 billion, through a cash tender offer.
The transaction brings together the strength of HP OpenView systems, network and IT service management software with Mercury's strength in application management, application delivery, IT governance and service-oriented architecture governance. This combination provides customers with the industry's most robust suite for optimizing, automating and aligning IT services with business needs.
"HP's software strategy is to be the clear leader in end-to-end enterprise IT management and help our customers tightly align IT priorities with changing business requirements," said Thomas E. Hogan, senior vice president, Software, HP. "Combining our HP OpenView offerings with Mercury's BTO Enterprise offerings will integrate the many building blocks of enterprise IT management into one complete solution for the entire IT lifecycle, from planning through to deployment and operations."
The Mercury acquisition is expected to increase the size of the HP Software business to more than $2 billion in annual revenue. Immediately following the close of the transaction, Mercury will become part of the HP Software business and both companies' sales forces will begin reference-selling each others' products.
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06/01/2006
ERP implementation developer Panaya raises $5 Million from Benchmark Capital and Gemini Israel
Panaya, the developer of solutions for simplifying ERP system implementation and maintenance, has raised $5 million in first round funding from Benchmark Capital and Gemini Israel Funds.
Panaya is a solution for SAP business analysts and implementers, which significantly reduces the time, costs and risks involved in SAP implementation, maintenance and upgrade. Panaya provides better insight and understanding of SAP systems. It allows implementers, IT departments and system integrators to concentrate on improving business performance by focusing on the business aspects of the system, without having to worry about the technical implications and risks.
“An estimated 8 dollars are spent in ERP services for every 1 dollar spent on ERP software”, added Tali Aben of Gemini Israel Funds, “so this is a huge market that will have tremendous demand for Panaya’s solutions.”
Panaya was founded in 2005 by Yossi Cohen, a leading expert in the field of program comprehension and flow analysis. Cohen previously founded a database migration technology called Alexandria, which was acquired by BluePhoenix Solutions. Before founding Panaya, Yossi was in the last stages of his Ph.D., which describes a framework for building database software analysis tools.
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05/09/2006
IBM has acquired enterprise information management solutions provider Unicorn
IBM has acquired the business of Unicorn Solutions, an Israeli provider of enterprise information management solutions. Financial details were not disclosed. The acquisition advances IBM’s company-wide Information on Demand initiative, which helps clients access, manage and deliver information more effectively to capitalize on emerging business opportunities and better compete in the global economy.
Unicorn develops software for metadata management. Metadata is information that is used to describe the characteristics of data, such as when and by whom it was created, accessed, modified, as well as how it is formatted. Companies use metadata to gain a better understanding of how they can most effectively use data in their business processes.
Unicorn founded in January 2001 by Dr. Zvi Schreiber and Rannen Meir,Unicorn VP R&D. Schreiber was the Founder and CEO, then CTO of Tradeum Inc., which sold to VerticalNet Inc. in March 2000 for $500 million. Unicorn has raised $17.8 million in a three financing round from Bank of America Equity Partners, Jerusalem Global Ventures, Apropos, Tecc-IS and Intel Capital.
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03/27/2006
BMC Software to acquire Israeli company Identify Software for $150 million
BMC Software, a global provider of systems and service management solutions for large enterprises, has acquired Israeli software company, Identify Software, for $150 million in cash for the shares. BMC expects the transaction to close during the first quarter of 2007.
"Transactions are the lifeblood of all businesses," said Bob Beauchamp, BMC president and CEO. "The acquisition of Identify's state-of-the-art application problem resolution technology will further extend BMC's leadership in transaction management and will continue to clearly differentiate BMC's Business Service Management (BSM) strategy. Identify will enable us to offer customers unprecedented problem resolution capabilities that directly impact the way that IT serves the goals of the business. That's the essence of BSM."
Founded in 1996, Identify is the leader in Application Problem Resolution (APR) software. The company's AppSight Application Problem Resolution System is used by enterprises and independent software and system vendors (ISVs) to automate and dramatically accelerate their problem resolution processes across the application lifecycle in order to increase application availability and quality, reduce support costs, and accelerate product releases.
Founded in 1980, BMC Software is a leading provider of enterprise management solutions that empower companies to manage IT from a business perspective. In 1999, BMC Software acquired the Israeli software company, New Dimension Software, for $650 million. BMC Software has a research and development centers in Tel Aviv and Tel Hay, Israel.
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03/07/2006
OpTier raised $7 million from Carmel Ventures, Lightspeed and Pitango
OpTier, a provider of the transaction workload management software solution, has raised an additional $7 million in follow-on funding from its current investors, Carmel Ventures, Lightspeed Venture Partners and Pitango Venture Capital.
In February 2004, OpTier has secured $7.5 million in a 2nd financing round from Lightspeed Venture Partners, following a September 2003 $8.6 million 1st round with Carmel Venture Partners and Pitango Venture Capital.
OpTier develops software that dynamically assures IT business service levels and optimizes resources for the enterprise. The company's flagship product, CoreFirst, introduces a transactional context for IT service management that helps to eliminate performance issues and provide proven results that directly impact the bottom line. Within the past few months, several Fortune Global 100 organizations have signed deals with OpTier and have deployed CoreFirst.
Established in 2002, OpTier is headquartered in New York, with sales offices throughout the US and in Europe. The company CEO and chairman of the board is Israel Mazin, the co-founder of Memco Software, which was acquired by Computer Associates in 1999.
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02/24/2006
Sun to acquire life cycle management application provider Aduva
Sun Microsystems to acquire the Israeli developer of life cycle management application for Linux and Solaris systems, Aduva. The financial terms of the deal were not disclosed.
"By acquiring Aduva, Sun will be addressing the number one pain point we hear from IT administrators - patch management - while addressing the principle cause of service downtime and system vulnerability: out of date systems and patches," said Don Grantham, executive vice president of Sun Services.
Aduva technology allows enterprises to automate the processes associated with patch and dependency management - providing a solution that scales from individual servers, up to large scale data centers with tens of thousands of machines in complex networks. Aduva currently runs an active dependency service for Solaris and Linux servers, easing the burden on systems administrators deploying a continuous stream of patches, updates, and changes required throughout the data center lifecycle. Founded in 1999, Aduva was backed by Intel Capital, IBM, BMC Software Evergreen Partners and Elwin Partner Capital.
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02/14/2006
Business Events secures $12.7 Million funding from Carmel Ventures, Gemini and Bobby Lent
Israeli software company, Business Events, closed a $12.7 million of financing from Carmel Ventures, Gemini Israel Funds and a group of private investors led by Bobby Lent, formerly a co-founder of Ariba.
Business Events is the innovator of Business Opportunity Discovery. The company’s solution proactively identifies the drivers of unique business changes, weeks, months and years before they can otherwise be identified, and delivers them to the right person at the right time. Such early warning for performance and revenue leaks yields extraordinary revenue and profitability gains
Lent will serve as an active Chairman of the Board of Business Events. Lent is the Managing Partner of Hillsven LLC, a private venture investment group located in the Silicon Valley. Hillsven LLC invests and plays an active role in innovative high tech firms primarily in Israel and the U.SA.
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11/30/2005
Israeli M&A: public firm Radware acquire privet company V-Secure Technologies for $15M
Israeli provider of intelligent integrated solutions, Radware, has acquired Israeli startup V-Secure Technologies, in a cash transaction valued at $15 million. V-Secure, a provider of behavior-based network intrusion prevention solutions, is led by Chairman and CEO, Izhar Shay, the founder, President and CEO of Business Layers, which was acquired by Netegrity in December, 2003.
Radware plans to integrate V-Secure’s technology for self-learning networks into Radware’s APSolute application delivery solutions. Combination of V-Secure Self-Learning Network Technology and Radware Application-Smart Networking ensures zero-day protection against emerging security threats in real-time and enables tuning of network behavior without human intervention.
V-Secure developed its patent-pending technology for adaptive, self-learning networks as a core engine to provide superior, real time intrusion prevention against DoS attacks, SYN floods, bandwidth consumption attacks, malicious network scanning activities, worms and most types of misuses of TCP and application resources.
According to IDC, the worldwide Intrusion Detection and Prevention (ID&P) market grew by over 50% in the last year. This market segment is an important part of the rapidly growing overall threat management security appliance market, which IDC predicts will reach $3.45 billion by 2008. Analysts note that effective security products will need to employ multiple defense technologies in order to address blended threats against existing network infrastructure, as well as next-generation infrastructure that will facilitate secure and efficient application delivery over IP.
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11/15/2005
Applicure’s new network security solution protects Linux operating systems against worms
Applicure Technologies, a pioneering provider of advanced internet security solutions, has announced today that the company’s new network security product, TotalShield 2.0, provides multi-tier internet protection for the Linux operating system, without any need for updates, patches, or re-installation.
TotalShield protects at two levels against worms that attack the Web server:
File system – TotalShield prevents installation of unidentified files, and execution of unidentified files that had been previously installed.
Network – Even where malicious software is launched, its ability to open network connections is utterly blocked by TotalShield.
”Applicure’s software protects Linux against the new worm, Linux.Plupii, at the file system level, by preventing its installation, and by blocking execution – even if it was installed before TotalShield protection was applied,” said David Allouch, Applicure CTO. “In addition, TotalShield monitors activities at the network level, ensuring that even if the script succeeds to launch itself on the target computer, it won’t have access to the network.”
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10/19/2005
ForeScout Technologies raises $10 million in venture funding from Amadeus, Accel Partners, Meritech Capital, Pitango and Itouchu
ForeScout Technologies, a leader in clientless network policy enforcement and intrusion prevention solutions, has raised an additional $10 million in venture funding to fuel its exponential growth. Amadeus Capital Partners, a new ForeScout investor, led the round in which existing investors, Accel Partners, Meritech Capital, Pitango Venture Capital and Itouchu Corporation also participated.
ForeScout recently introduced the CounterACT 5.0 security appliance, which builds on the existing strength of its core patented technology, Active Response.
ForeScout Technologies produces a comprehensive array of enterprise-level products that are designed to automatically stop fast-spreading, self-propagating malware and malicious human attack in real time. The company headquarters are located in Cupertino, California and it has an R&D center in Tel Aviv, Israel. The company has a global sales and support network.
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10/10/2005
Traiana Raises $15 million from Pitango, Sequoia, Gemini and Evergreen
Traiana, a leading provider of Trading Relationship Management (TRM) Solutions for cross-asset prime brokerage, closed $15 million in financing to fund network and product expansion. Pitango Venture Capital led the round with additional capital from other current investors, including Sequoia Capital, Gemini Capital Fund Management and Evergreen Venture Partners Ltd.
The Traiana TRM middle-office software automates the post-trading process for prime brokers and broker/dealers, which reduces operational costs of this process by as much as 60%. Currently, many of the world’s largest financial institutions, including ABN AMRO and CSFB are using Traiana TRM and Traiana Harmony to boost efficiency.
Source: Traiana
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10/09/2005
Israeli software firms spent $700 million on purchasing foreign companies in the past year
Israeli software firm have spent about $700 million over the past 12 months on purchasing foreign companies, mainly in the United States, China and Romania. According to a new report from the Israel's Manufacturers Association.
Foreign companies spent more than $500 million in acquiring 15 Israeli software firms over the past 12 months. Over the past decade, foreign companies have bought more than 30 Israeli software firms for about $6 billion.
Source: Reuters
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10/06/2005
City of Atlanta Selects Tescom to Ensure Successful Implementation of Oracle ERP
Tescom Software Systems Testing Ltd., the global leader in independent software quality assurance and testing, announces that they have been selected by the City of Atlanta to provide independent verification and validation services to support their $22 million Oracle Enterprise Resource Planning (ERP) implementation.
Tescom is responsible for providing quality assurance auditing and ongoing risk analysis and management to ensure the successful completion of the project. The Company provides end-to-end independent verification & validation (IV&V) testing of the 30 most critical business processes and support the City Auditor Office as they build the capabilities required to audit Oracle ERP applications and modules.
Source: Tescom
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Check Point Software acquire intrusion prevention provider firm Sourcefire
Check Point Software Technologies has agreed to acquire Sourcefire, a provider of intrusion prevention and real-time network awareness solutions. The deal is valued at $225 million, including cash and the assumption of the Sourcefire stock option plan.
Sourcefire has raised around $33 million in VC funding since its 2001 inception, from firms like Core Capital Partners, Inflection Point Ventures, Sierra Ventures, New Enterprise Associates, Maryland DBED and Sequoia Capital.
Source: Check Point Software Technologies
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10/03/2005
M-Systems to integrate ControlGuard Technology into its Products
ControlGuard Ltd., a leading provider of endpoint security solutions, announced that it has entered into an agreement with M‑Systems, an industry leader and innovator of flash-based data storage devices, in which M-Systems will integrate ControlGuard’s technology in its Xkey product line.
M-Systems’ Xkey solution provides corporate users with secure USB flash drives and allows corporations to monitor the flow of information via these devices, while preventing unauthorized and uncontrolled use within the organization.
Read More: ControlGuard
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PC Management Solution Provider Prefix Unveils USB Guard for Blocking Unwanted USB Drive Usage on Any PC Network
Prefix Ltd., the leader in Total PC Management, announced today the addition of USB Guard to the latest release of its flagship PC management software solution, PrefixNE 2.2. PrefixNE is an IT Management tool that provides IT professionals with complete control over their personal computer (PC) network environments. Incredibly powerful, yet simple to use, PrefixNE is designed to meet the highly specific requirements of small-to-medium enterprises (SMEs).
With the proliferation of external storage devices, IT managers need to find an easy way to control the flow of sensitive information from their networks to USB (universal serial bus) connected drives and from there, out of their workplaces. USB Guard, part of PrefixNE’s policy enforcement toolkit, centrally prevents the USB ports on a network-attached desktop PC or laptop PC from activating any external mass storage devices, unless expressly authorised. The functionality is managed from PrefixNE’s application-based console that is accessible by the IT manager from any PC computer on the network, allowing constant pc remote control by a single technician, even in a multi-site office environment.
PrefixNE enables IT professionals to control all the PCs in the network from a single point of administration. PrefixNE combines a broad array of functionality, including:
- Group Management – IT managers can instruct PrefixNE to modify any group of PCs in a single keystroke, including software uploads, software update, install patch and registry fixes.
- Real Time Alerts – an Alert Bar provides real time notification of software of hardware modifications, or repeated system alerts. These alerts can be set to automatically notify IT managers of critical problems with SMS messages to mobile phones, beepers, pagers or via e-mail.
- Policy Enforcement – PrefixNE prevents the opening of hazardous or unwanted applications (like peer to peer (P2P) software), from being mistakenly or intentionally closed and can stop file sharing creation.
- Online Help Desk - support queries are logged and dealt with in a structured fashion through PrefixNE’s simple but effective, network-wide help desk management software.
- PC inventory - PrefixNE provides IT managers with real-time hardware and software inventory management solution, and software license tracking.
Source: PRWeb
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08/09/2005
BladeFusion and Etagon to Merge; Tamir Fishman, Decima and Evergreen inject $6 million to support the merger
BladeFusion Technologies and Etagon have agreed to merge activities of both companies. As part of the merger, the shareholders from both companies - Tamir Fishman Ventures Technologies, Decima Ventures and Evergreen Venture Partners, will inject $6 million of fresh capital.
The merged company brings together two R&D teams in the field of data center infrastructure automation and complementary products. It will leverage on the growing success of BladeFusion’s leading IT infrastructure software and the company’s worldwide cooperation with industry leaders such as IBM, and on Etagon’s advanced IT automation tools.
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