IT / Software News

IBM buys Israeli data storage co Storwize

Sunday, August 1st, 2010

by Shmulik Shelah

IBM Corporation today acquired Israeli data storage company Storwize Inc. for $140 million. Almost $40 million was invested in Storwize, mostly by private investors, as well as strategic investors, Sequoia Capital, Bessemer Venture Partners and Tanaya Capital (formerly Lehman Brothers’ venture capital arm). Storwize president Gal Naor and CTO Jonathan Amit founded the company in 2004. The company’s solution uses complex algorithms to compress data in real-time even before it is sent to storage systems. http://www.globes.co.il/serveen/globes/docview.asp?did=1000578219&fid=1725

Posted in Israel, IT / Software, M&A, News, USA

Sequoia leads round for search engine co Kenshoo

Wednesday, July 28th, 2010

By Noa Parag

Israeli Internet start-up Kenshoo Ltd. has closed another financing round, led by Sequoia Capital, which focuses on late-stage companies. Kenshoo did not disclose the size of the round, but ”Globes” estimates that it was about $10 million. This was Kenshoo’s fourth financing round. Investors include Sequoia and Art Alliance. Kenshoo has also not disclosed how much it has raised in previous rounds, but an estimated $20 million has been invested in the company to date, including the current round. Kenshoo develops search engine marketing (SEM) solutions. The company’s technology can find relevant keywords in search engines, such as Google, Yahoo!, Bing, and even Facebook, and automatically match them to advertising campaigns. http://www.globes.co.il/serveen/globes/docview.asp?did=1000577950&fid=1725

Posted in Investment, Israel, IT / Software, News

Disney in talks to buy social games company Playdom

Sunday, July 25th, 2010

by Jessica Guynn

Walt Disney Co. is in discussions to buy game developer Playdom Inc. for as much as $750 million, according to three people familiar with the matter. The Hollywood entertainment giant wants to get into social and mobile games to market its shows and characters. Playdom has scheduled a board meeting next week to decide whether to accept the buyout offer, the people said. The two sides have been negotiating for more than two months. http://latimesblogs.latimes.com/technology/

Posted in Consumer Products, IT / Software, M&A, News, USA

Amdocs selects SAP to replace its systems

Tuesday, July 20th, 2010

by Asaf Gilad

In a deal worth at least $50 million, Israeli software giant Amdocs has selected SAP to replace its information systems with new ones, Calcalist reported Monday. Amdoc’s systems, which serve numerous cellular operators around the world – including AT&T, Vodafone, Comcast and Sprint Nextel – will be replaced over the next three years. The company’s core, resource management, project management, business intelligence, budget management, human resources and acquisitions systems will all be replaced. http://www.ynetnews.com/articles/0,7340,L-3922076,00.html

Posted in Israel, IT / Software, News, Telecommunications

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