News for September, 2010

ODF to go public

Wednesday, September 22nd, 2010

by Assaf Gilad

Tel-Aviv based start-up company ODF Optronics is on its way to the Tel Aviv Stock Exchange, Calcalist has learned. The company develops surveillance systems that create real time video images, and is currently drawing up its prospectus in preparation for its upcoming initial public offering, planning to raise NIS 30-40 million (about $8-10 million) in capital with the company valued at NIS 150-160 million ($40-43 million). The company has started discussions with several underwriters, however, the IPO will probably be led by Analyst Underwriting along with other underwriters. The company plans to go public before the end of 2010. http://www.ynetnews.com/articles/0,7340,L-3957054,00.html

Posted in Israel, M&A, News

SimpliVT, led by Diligent entrepreneur, raises $9.2m

Thursday, September 16th, 2010

by Shmulik Shelach

Two and a half years after selling his start-up Diligent Technologies to IBM, Doron Kempel led his current venture SimpliVT in raising $9.2 million. The company reported the funding to the US Securities and Exchange Commission (SEC). According to the SEC filing, 8 investors participated in the current funding. Altogether the firm has raised $10 million since its founding. The company remains very private, without even a website. It is apparently developing computer infrastructure software. http://www.globes.co.il/serveen/globes/docview.asp?did=1000588986&fid=1725

Posted in Investment, Israel, News

Smartphone support platform co CommuniTake raises $1.05m

Thursday, September 16th, 2010

by Globes correspondent

Israeli start up CommuniTake has raised $1.05 million. $750,000 was raised in a Round A led by Plus Ventures, the venture capital arm of the Moldawsky group, while an additional $300,000 was received in the form of a grant from the Chief Scientist. The investment round is open, and the company is talking to additional entities with a view to expanding it, in order to support its marketing efforts. CommuniTake, which was founded in 2009, provides a service platform for mobile devices’ Customer Relationship Management. The company recently signed several deals with telecommunications and service providers in Israel and overseas, and it is undergoing market trials with a view to installation at several additional telecommunications providers. http://www.globes.co.il/serveen/globes/docview.asp?did=1000588745&fid=1725

Posted in Communications, Investment, Israel, News, Telecommunications

Changing the way we chat

Tuesday, September 14th, 2010

by David Shamah
Video chatting – communicating through an instant messaging program via a webcam – is nothing new, but a novel application created by Israeli entrepreneur, mathematician and linguist Jacob Zoarets is set to fundamentally change our video chats. Zoarets’ new program, called Videochats, can be used directly from Facebook, the world’s most popular Web application. “All other chat solutions require that you download a dedicated application in order to conduct a video chat,” Zoaretz tells ISRAEL21c. “Videochats is the first video chat application that works in conjunction with Facebook, which has become the premier method of communication for many people, and you can access Videochats directly from within Facebook.” Videochats, which had its beta introduction in early August, brings another radical innovation: The program allows owners of websites to communicate directly with the people who visit their site, in real time. http://www.israel21c.org/201009148315/technology/changing-the-way-we-chat

Posted in Communications, News

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