News
  • Viola Growth | 29 Nov 2016

    3i-backed Q Holding to acquire Degania Silicone
    November 28th 2016-  Q Holding announced today that it has entered into an agreement to purchase Degania Silicone Ltd. (“Degania”), a leading international manufacturer of medical catheters. Q Holding is acquiring Degania from Viola Private Equity, Kibbutz Degania Bet and Israel Growth Investors.
    Degania represents a transformative acquisition for Q Holding, creating a market-leading medical device and component manufacturer offering complete flexible technology solutions for healthcare applications. With over $85m in revenue the acquisition more than doubles Q Holding's medical sales. Degania produces critical end products that are used on a daily basis in healthcare settings in applications such as cardiology, general surgery and drug delivery. Degania employs c. 1,700 globally and has R&D and manufacturing facilities in Israel, India, France and Slovakia.
    Degania goes to market through three brands: Degania, a premier developer and manufacturer of medical catheters for global medical device OEMs; Arthesys, a cardiovascular and peripheral vascular catheter designer and manufacturer specializing in catheters for stent delivery; and Biometrix, a manufacturer and provider of catheter-related kits for hospitals and health care distributors. Across these segments Degania partners with a wide base of global medical device OEM customers that are market leaders in their respective product categories.
    Together, Q Holding and Degania will offer an unprecedented suite of development and manufacturing services, material technologies, analytical tools and industry expertise. The combined business will also offer complete product lifecycle management with assembly, packaging and 510K management for customers’ outsourcing needs with a network of operations that can bring the supply chain close to the consumption point.
    In November 2014, 3i invested in Q Holding, an Ohio-based manufacturer of highly-engineered, precision-moulded elastomeric components used in a broad range of healthcare and electrical management applications. With over 1,300 employees, the company has design and manufacturing locations in the US, China, the UK and Mexico, and sells products in over 50 countries. Since 3i’s investment, Q has acquired Silicone Altimex, a leading manufacturer of elastomeric tubing for the medical and biopharmaceutical markets in the UK and continental Europe. With 3i’s support, Q has continued its international expansion into Europe, Asia and Mexico, investing in manufacturing facilities and additional commercial resources in each of those regions.
    Randy Ross, Chief Executive of Q Holding, commented: “We are delighted to have reached this agreement to purchase Degania. The businesses are highly complementary and the acquisition represents a critical milestone in diversifying and internationalizing the business. It will significantly enhance the value we can deliver to our global customer base thanks to Degania’s strong R&D capabilities in Israel and France and state‐of‐the‐art facilities in Israel, France, India and Slovakia.”
    Rami Zajicek, CEO of Degania, added “We are proud of the company that our employees and investors have developed and we see joining forces with Q Holding as the natural next step for Degania to build upon this growth. The alignment of Degania, Q Holding and Qure Medical will benefit customers by providing a greater global network of development and manufacturing resources.”
    Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q Holding in this transformative acquisition of Degania. This combination creates a leader in precision elastomeric medical device components and assemblies and advances our goal of building the premier global supplier of engineered elastomeric products for the high growth healthcare and electrical management markets.”

     

    For further information, contact:
    3i Group plc
    Toby Bates
    Media enquiries
    Tel: +44 20 7975 3032
    Email: toby.bates@3i.com
    Imogen Harvey
    Media enquiries
    Tel: +44 20 7975 3027
    Email: imogen.harvey@3i.com

    About 3i Group
    3i is an investment company with three complementary businesses, Private Equity, Infrastructure and Debt Management, specialising in core investment markets in Northern Europe and North America. For further information, please visit: www.3i.com

     

    About Q Holding
    Q Holding Company is a leading global manufacturer of highly-engineered precision-molded elastomeric components used in a broad range of medical, pharmaceutical and electrical management applications. Q Holding is vertically integrated with in-house Quadra Tooling & Automation, enabling rapid turnaround and the largest selection of proprietary tooling capabilities in the industry. With over 1,300 employees, the company has an international footprint (five manufacturing locations in the U.S., two manufacturing facilities in China and one in the UK and Mexico), selling products in more than 50 countries. Q Holding goes to market in the life sciences as Qure Medical and in electrical management as Quality Synthetic Rubber (QSR). 

     

    About Degania
    Degania is a leading manufacturer of medical catheters serving a global base of medical device OEM customers. Degania specializes in a wide range of intravascular catheters and medical devices in the cardiovascular and vascular, thoracic and general surgery, urology, critical care and operating rooms and enteral feeding markets. Founded in 1984, the Company is headquartered in Israel and has c. 1,700 employees worldwide.
  • Carmel Ventures | 20 Oct 2016

    Medallia Acquires Digital Voice of Customer Leader Kampyle

    PALO ALTO, Calif. and TEL AVIV, Israel, Oct. 20, 2016 /PRNewswire/ -- Medallia, Inc. (www.medallia.com), the global Customer Experience Management leader, today announced that it has acquired Kampyle,Ltd., the best-of-breed software platform for capturing customer feedback on digital and mobile channels. Effective today, Medallia will offer a new product solution, Medallia Digital, that combines Medallia's powerful data analytics platform with Kampyle's state-of-the-art web and mobile feedback capture capabilities. The new solution, which brings together customer experience data from online, offline, and mobile channels, not only delivers a true omnichannel view of the customer experience but also enables companies to take action on the data in real time across all touchpoints.

    "Companies need to be everywhere their customers are and, increasingly, customers are on digital. Customers want to engage with brands and provide feedback through digital channels," said Borge Hald, CEO and co-founder of Medallia. "With Kampyle, we are significantly expanding our already rapidly growing footprint in digital."

    According to a recent Gartner survey, half of CEOs "expect to see substantial digital transformation in their industries, or for their industries to be almost unrecognizable within five years."

    Kampyle CEO Ori Soen said, "Digital customer experience is a market ripe for disruption—companies simply cannot thrive today without a complete omnichannel view of their customers. Combining forces with Medallia creates an unparalleled solution. Over the last year, we started winning joint customers with Medallia, and we're only seeing the demand accelerate."

    Medallia Digital offers many flexible ways to capture customer feedback across web and mobile channels. It natively integrates into the Medallia enterprise platform, providing companies with a complete view of customers across their entire journey.

    "Medallia's solution is powerful because it's truly omnichannel. It allows us to be anywhere that our customers are," said Timm Degenhardt, Chief Consumer Officer of Sunrise, one of Switzerland's largest telecommunications providers and a Medallia and Kampyle customer. "We have thousands of customers in our stores, on mobile, on our website, multiple times throughout the day. We need a constant single source of truth to understand them no matter how they are interacting with us. Medallia gives us that global view and the insight we need to improve the customer experience and, ultimately, our business."

    Medallia Digital, which natively integrates into the Medallia enterprise platform, is a best-in-class technology that enables companies to:

    • intelligently capture active and passive feedback on the digital experience, including through intercept and abandonment surveys as well as feedback links across web, mobile and in-app channels
    • segment and target customers in sophisticated ways through an easy-to-use interface
    • integrate with multiple external platforms to combine voice of the customer with key operational data and insights (e.g., CRM data, web analytics and heatmaps)
    • make updates in minutes with a slick self-serve setup

    • Medallia will offer Medallia Digital as both a stand-alone product and an integrated product. Terms of the acquisition were not disclosed.

    About Medallia
    Medallia is the Customer Experience Management company that is trusted by hundreds of the world's leading brands. Medallia's Software-as-a-Service application enables companies to capture customer feedback everywhere the customer is (including web, social, mobile, and contact center channels), understand it in real time, and deliver insights and action everywhere—from the C-suite to the frontline—to improve their performance. Founded in 2001, Medallia has offices in Silicon Valley, New York, London, Paris, Hong Kong, Sydney, Buenos Aires, and now Tel Aviv. Learn more at www.Medallia.com.


  • Viola Growth | 01 Sep 2016

    Behalf Raises $27 Million to Accelerate Growth in US Commercial Payments

    Viola Growth leads Series C financing round; 

    existing investors, Sequoia, Spark, MissionOG and Vintage, participate 

    NEW YORK – August 30, 2016 - Behalf, a commercial payment platform specializing in providing small businesses instant point of sale terms at vendors of their choice, today announced it has raised an additional $27 million in Series C financing. New investor Viola Growth led the round and was joined by previous investors Sequoia Capital, Spark Capital, MissionOG, and Vintage. The funding will help Behalf rapidly scale growth with increased investment in sales, business development and marketing, support continued product innovation, and bolster its position as a service leader in small business purchase financing. 

    Business-to-business sales in the US total trillions of dollars annually. Unlike consumer sales, the majority of these are payments made by COD, Check, or ACH. The low penetration of credit-based transactions and limited access to working capital significantly constrains business purchasing in the small business segment and inhibits economic growth. Behalf solves for this friction between business suppliers and purchasers by offering instant credit approvals at the point of sale, with funds immediately released to settle the transaction. Behalf instantly advances payment to the supplier, then collects the funds from the purchaser’s bank account on a schedule they set. This affordable, on demand access to working capital helps suppliers and their customers do more business. 

    Once approved, SMB customers can use their Behalf line to make purchases at virtually any of their suppliers. For every advance paid to a supplier by Behalf, the customer creates their ideal weekly, monthly, or one-time payment plan. Behalf’s innovative, fully customizable payment schedules give SMBs an unprecedented level of control over how they manage cash flow, with the ability to pay for their business purchases over time, extending up to six months.  

    The company has doubled revenues every six months since inception.

    Harel Beit-On, Viola Growth Founder and General Partner, will join the Behalf Board. Beit-On joins Shmil Levy, Managing Partner of Sequoia Capital; Gene Lockhart, Managing Partner of Mission OG and former CEO of MasterCard; Santo Politi, Founder and General Partner of Spark Capital; Phillip Riese, former President of American Express Consumer Card; and Benjy Feinberg, Co-Founder and CEO of Behalf.

    “Behalf is targeting a fast growing market of SMB payments and credit, valued by analysts in the trillions, that is underserved by banks” said Harel Beit-On. “Led by a strong founding and executive team, Behalf presents an impressive growth rate and high customer retention, by disrupting the way small businesses purchase new goods and services from their vendors of choice with clear affordable terms. We are happy to partner with the Behalf team as they embark on the next phase of growth.” 

    In readying the company to scale, Behalf has strengthened its executive team with a mix of payments industry veterans and proven growth phase operators. Jorgen Bocklage, Founder of 118 118 Money in the UK and former VP of Finance at Dashlane, has been appointed Behalf’s CFO. 

    Brian Kleinberg, a former EVP at American Express who has recently been advising early stage Fintech and e-commerce companies, has joined to lead Strategy. Crystal Eastman, another former American Express Executive who has held positions in the Card area and within the Enterprise Growth Group, signed on as Head of Marketing. Yaniv Shaya, who has held numerous technology leadership roles at HP; Mercury Interactive; and was most recently SVP of Engineering at Imperva, has also joined to lead Engineering and Risk. In the coming 12 months Behalf will be hiring for roles across Sales, Marketing, Account Management, Customer Service, Product, and Engineering in both the New York and Tel Aviv offices.

    “SMBs are the unsung heroes of the US economy, producing nearly half of the US’ goods and services, responsible for two out of every three new jobs created, and generating the majority of innovation in the process. Yet, they are severely constrained by lack of access to working capital and their financial needs are not a focus area for traditional banks,” said Benjy Feinberg, Co-founder and CEO of Behalf. “Behalf has a simple solution, driven by data and technology, that allows us to provide well-priced and flexible credit tools to help SMBs and their suppliers grow profitably. The addition of Viola’s leadership to our team and the growth this round will fund will both help us accelerate our mission.”

    Additional Behalf resources:

    ● Blog: www.behalf.com/blog

    ● Twitter: https://twitter.com/behalfinc

    ● Facebook: https://www.facebook.com/BehalfInc

    ● Linkedin: https://www.linkedin.com/company/behalf

    About Behalf

    Behalf is an alternative financing provider, specializing in working capital credit for small business customers. The Behalf solution provides instant point of sale financing for purchases up to $50,000, pays merchants directly within 1 business day, then allows customers to create a flexible payment schedule on each individual transaction. By solving for the availability of credit, the Behalf solution increases merchant sales and improves cash flow for both the merchant and their customers. Behalf customers can use their purchasing line throughout Behalf’s growing network of integrated partners, as well as at MasterCard accepting businesses. Behalf is headquartered in New York City with an office in Tel Aviv. For more information, visit www.behalf.com.


    About Viola Growth

    Founded in 2008, Viola Growth provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Growth focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies. By providing direct capital investment, combined with strong leadership support, it propels portfolio companies forward, turning recognized companies into global technology leaders.  The Viola Growth team has vast experience in working with management teams to build organic and non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. 
Viola Growth is a member of the Viola Group, Israel’s premier technology-focused Private Equity group with over $2.5B under management. For more information visit: www.violape.com



    Media Contacts

    Crystal Eastman

    Head of Marketing, Behalf

    crystal@behalf.com

    646.468.6600


Our People and Companies

About

Viola Group, with over $2.5 Billion under management, is Israel’s premier technology oriented private equity investment group.

Viola Group aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology and industry market. Viola Group is comprised of focused separate independent best of class partnerships including Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Growth – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. Each partnership operates independently while enjoying access to market and technology research and insights, global tier-one investors, superior investment opportunities, a global industrial network, and access to leading management and investment talent.The partnerships identify, partner with and actively support leading entrepreneurs and high potential, growth-oriented enterprises and investment funds.The group funds have invested in over 120 technology companies. Viola Group is backed by leading global institutional investors from all over the world.

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