M&A News

Red Bend Software acquires VirtualLogix

Tuesday, September 7th, 2010

by Globes’ correspondent

Mobile software management company Red Bend Software Inc. has acquired VirtualLogix for an estimated several tens of millions of dollars. The acquisition will enable Red Bend to enter the high growth mobile virtualization market and broaden its management solutions for device manufacturers, semiconductor vendors, software developers and service providers. With its development center in Hod Hasharon, Red Bend Software was founded in 1999 to solve the complex challenge of remotely managing software in constrained operating environments In 2003, the company entered the mobile phone market with an innovative solution for updating firmware over the air.   http://www.globes.co.il/serveen/globes/docview.asp?did=1000587620&fid=1725

Posted in Communications, Israel, M&A, News, Telecommunications

Emblaze sells Formula Systems to Asseco

Sunday, September 5th, 2010

By Reuters and TheMarker

Asseco Poland, Europe’s fifth-biggest software group, is acquiring 51% of software group Formula Systems from Emblaze. For Warsaw-listed Asseco, the acquisition provides an entry to new markets. For Emblaze, it represents a premium over Formula’s present market cap. The deal, worth up to $145 million, follows Asseco’s buying spree, which it used to more than double sales to nearly $1 billion in two years. The deal remains contingent on approval by Emblaze shareholders, who will convene to discuss it before the end of November. http://www.haaretz.com/print-edition/business/emblaze-sells-formula-systems-to-asseco-1.312209

Posted in Israel, M&A, News

3M buys Attenti for $230m

Tuesday, August 31st, 2010

by Globes’ correspondent

3M Corporation will acquire Tel Aviv-based Attenti Holdings SA for $230 million in cash, from an investor group led by Francisco Partners. Attenti Holdings was formally Dmatek Ltd., which was traded on the London Stock Exchange, before its acquisition in 2009. The company develops and manufactures remote people monitoring technologies, in other words, electronic ankle bracelets. The acquisition should be closed in the fourth quarter. The company’s products can be used monitor a person’s whereabouts, such as parolees or people with Alzheimer’s disease. Attenti has 340 employees in Tel Aviv, at three sites in the US at Tampa, Milwaukee and Naperville in Illinois, and at Sydney, Australia, and Plovdiv in Bulgaria. The company estimates that its sales will reach $100 million this year. http://www.globes.co.il/serveen/globes/docview.asp?did=1000585398&fid=1725

Posted in Israel, M&A, News, USA

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

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