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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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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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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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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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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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.