News
  • Carmel Ventures | 22 Jan 2015

    HARMAN to Acquire Red Bend Software

    HARMAN International Industries, Incorporated (NYSE:HAR), the premier audio, visual, infotainment and enterprise automation group, today announced the acquisition of Israeli-based Red Bend Software, a leading provider of software management technology for connected devices, and over-the-air (OTA) software and firmware upgrading services. Building upon Red Bend’s strength in the mobile and carrier markets, HARMAN will accelerate Red Bend’s growth in the automotive space and will position Red Bend software as the de facto standard for OTA software services for mobile devices and automotive applications.

    The transaction is valued at $170 million, including approximately $99 million in stock and $71 million in cash. The number of HARMAN shares issued will be based on the volume weighted average trading price 60 days prior to January 21. Under the agreement, the selling stockholders of Red Bend are eligible for a cash earn-out of up to $30 million in the first quarter of calendar year 2017 based on the achievement of certain performance milestones.

    Red Bend is the world’s leading provider of the most advanced OTA solutions, serving top handset manufacturers and mobile carriers with more than two billion Red Bend-enabled devices in the market globally. Sophisticated software systems like Red Bend are the cornerstone of a steadily increasing number of integrated and interoperating devices, and managing updates for firmware, middleware, third party apps, and other services.

    “This acquisition of Red Bend, a true pioneer in OTA and virtualization technologies for cyber security, adds a critical component to our automotive systems and services portfolio that will essentially future proof software in cars, ultimately making them safer, smarter and more efficient,” said Dinesh C. Paliwal, Chairman, President, and CEO of HARMAN. “Together with our Symphony Teleca acquisition, HARMAN now has the essential foundation and deep bench strength for a comprehensive systems and services portfolio. Today marks a huge transformation for HARMAN and further advancement towards delivering consumers a seamless, connected car and connected lifestyle experience.”

    “With over 15 years of success in delivering world-class over-the-air update solutions to the telecom and mobile markets, we are pleased to bring our proven track record to HARMAN,” said Yoram Salinger, President and CEO of Red Bend. “By joining forces with HARMAN, we will accelerate our growth in expanding markets such as the connected car while also continuing to support billions of mobile devices. Beyond mobile, Red Bend and HARMAN will implement OTA software management to enhance infotainment and embedded system performance as well as other in-car ECU-based systems. These solutions will benefit the entire automotive ecosystem through cost savings, increased security and a seamless customer experience.”

    Red Bend’s software management solutions and hypervisor-based virtualization technologies for cyber security are already widely adopted in mobile devices and ideally suited to meet the rising demands of the connected car. By 2020, it is expected that more than 90 percent of vehicles on the road will be connected (Frost and Sullivan). Importantly, Red Bend solutions also serve as critical prerequisites for autonomous driving. By bringing Red Bend under the HARMAN umbrella and driving broad industry usage, HARMAN’s combined technology portfolio will seamlessly enable safe, secure OTA updates for a variety of on-board Harman and non-Harman automotive systems – whether embedded or downloaded -- speeding the pace of innovation to automakers and the industry.

    The Red Bend acquisition is subject to regulatory approvals and customary closing adjustments. It is expected to close in third quarter of HARMAN’s 2015 fiscal year.

    Upon close of the transaction, Red Bend will operate within HARMAN as an independent unit led by its existing management team, while benefiting from HARMAN’s scale, resources, and deep automotive domain experience. Red Bend will remain dedicated to serving and growing its target markets, including mobile handset OEMs, service providers, semiconductor vendors and tablet manufacturers, as well as its growing base of automotive OEMs and other Tier 1 suppliers.

    Conference Call

    The Company will host a conference call with the investment community Thursday, January 22 at 10:00 AM EST. To participate, dial 1-800-763-6564 (North America) or 1-212-231-2924 (International), Access Code 21760117.

    A replay of the call will also be available following its completion at approximately 1:00 p.m. EST. To listen to the replay, dial 1-800-633-8284 (U.S.) or 1-402-977-9140 (International), Access Code 21760117.

    About HARMAN

    HARMAN (www.harman.com) designs, manufactures and markets premier audio, visual, infotainment and enterprise automation solutions for the automotive, consumer and professional markets. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson ® and Revel®, the Company is admired by audiophiles, musicians and the entertainment venues where they perform. HARMAN has a workforce of approximately 16,600 people across the Americas, Europe, and Asia and reported sales of $5.6 billion for the 12 months ended September 30, 2014. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.

    About Red Bend Software

    Red Bend catalyzes change in the connected world. We have been keeping more than two billion mobile, automotive and IoT devices continuously relevant with over-the-air software updates, and with virtualization and device management services. Our robust technology and solution offerings deliver instant market impact — accelerating business results, optimizing performance and improving people’s lives. Building on nearly two decades of experience, and on our proven track record working with hundreds of leading global brands, we make it easy for customers across all geographies to optimize deployment of change, and reliably enhance any connected device — regardless of size and complexity — with ever-increasing value. For more information, visit www.redbend.com

  • Carmel Ventures | 19 Jan 2015

    RealMatch Closes $8 Million in Additional Funding to Fuel Rapid Expansion

    RealMatch, the leading provider of performance-based recruitment advertising solutions, announced today it has closed an additional $8 million in venture capital funding as part of a Series C-1 round led by Edison Partners with participation by Orix Ventures and Carmel Ventures.

    RealMatch is on a mission to disrupt the highly fragmented online recruitment industry with the most advanced job matching technology and the only performance-based recruitment advertising network designed to connect employers and job seekers across the Web in the most efficient manner possible.

    "RealMatch has quickly become a dominant player in the recruitment advertising space with innovative technology and strong partnerships with leading digital publishers who provide access to a vast pool of employers and talent that reside in their online communities" said Jonathan Bulkeley, Chief Executive Officer at RealMatch. "Additional funding from existing and new investors further validates our model and will help us secure the leadership position in the market.

    " David Nevas, Principal at Edison Partners noted, "RealMatch offers the only solution that addresses the profound inefficiencies that have plagued the online recruitment market for years. The company is well-poised to become a market leader, and our additional investment is intended to help the company accelerate its rapid expansion in the market."

    The company's revolutionary job matching platform, vast network reach, and real-time performance management capabilities outperform traditional job boards and job aggregator sites by delivering significantly more qualified applicants for employers and a much more rewarding and engaging experience for job seekers.

    "RealMatch's rapid growth continues to validate the company's vision and the market demand for their pioneering technology," added Ronen Nir, General Partner, Carmel Ventures. "We look forward to our continued support in the company." Carmel Ventures made its initial investment in RealMatch in 2010.

    "We are very excited to have the opportunity to invest in RealMatch at this stage of the company's growth," said William Bishop, Managing Director and Co-Head, Orix Ventures. "We immediately realized the immense value RealMatch brings to the lucrative online recruitment market and the company's potential to disrupt the market."

    When asked how the company will use the funds, RealMatch's Chief Financial Officer, Ezra Sofer, stated that the proceeds of this round will be used to support growth in all fields of operations including investment in new products and services to meet the demand for existing and new channels.

    About RealMatch:

    RealMatch offers digital publishers a superior way to engage and monetize their audiences with its revolutionary white-label recruitment advertising solution that is transforming the $19 billion online recruitment industry. RealMatch's performance-oriented solution is built on the industry's most advanced job matching technology and features predictive performance algorithms and real-time performance monitoring capabilities that automatically create and optimize ad distribution campaigns across the company's vast recruitment ad network called TheJobNetwork™. RealMatch's innovative technology and vast reach to talent across the Web produce unrivaled posting performance and candidate engagement, allowing digital publishers who partner with RealMatch to significantly increase their ad revenue and gain a competitive advantage in their communities with online recruitment.

    About Edison Partners:

    For 28 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey to becoming successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and interactive marketing industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.

    The Edison portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA and Cleveland, OH, manages $928 million in assets throughout the eastern United States.

    About Carmel Ventures:

    With over $800 million currently under management, many successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel's top-tier venture capital funds. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company-building fund in Israel. Carmel, headquartered in Herzliya, is a member of the Viola Group, Israel's premier technology focused Private Equity group with $2B under management. For more information, please visit www.carmelventures.com and our new blog: www.viola-notes.com.

    About Orix Ventures:

    ORIX Ventures is dedicated to supporting high-growth companies with a range of debt and equity products and is capable of leading debt or private equity transactions with total commitments as high as $50 million. Since its inception in 2001, ORIX Ventures has invested more than $1.3 billion across more than 120 growth companies throughout the U.S. and Canada. ORIX Ventures is a subsidiary of ORIX USA, a Dallas-based financial services firm with more than 1,400 employees and principal offices in Atlanta; Chicago; Hartford, Conn.; Los Angeles; Minneapolis; New York; San Francisco; Seattle; Washington, D.C.; Frankfurt, Germany; London; and Paris. ORIX USA holds approximately $7 billion of assets and manages an additional $30 billion, approximately. ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly-owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit www.orix.com.

  • Carmel Ventures | 13 Jan 2015

    Viola Group launches Viola Notes, its brand new blog

    Viola Group, Israel’s premier technology oriented private equity investment group with over $2 billion under management, has just launched its brand new content site Viola Notes (www.viola-notes.com). The new blog will tap into the vast knowledge-pool of Viola’s investment professionals in an effort to boost transparency and generate discussions that can help empower tech companies for growth.

     Viola Group is comprised of four independent funds including: Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Private Equity – a technology focused growth capital and buyout fund.

      “Our team here at Viola includes highly experienced individuals who have been in the business of growing businesses for many years and we want to share our collective experience with the wider tech community”, said Daniel Cohen, General Partner at Carmel Ventures. “Also, we feel that there’s room in the Israeli blogosphere for more forums that deal with subjects uniquely relevant to the Israeli tech industry and we’re excited to offer Viola Notes as a platform to share insights and generate discussions.”

     “We often share our experiences and best practices with members of our portfolio companies and our close network, but it’s occurred to us that we lack a forum to share these insights with other members of the broader tech community,” said Hila Shitrit Nissim, Marketing Director at Viola Group. “Launching a blog feels like an obvious step for us, especially given the value of original, high-quality content these days.”

     Viola Notes is aimed at entrepreneurs and business people both in Israel and abroad and will offer insights on trends and topics relating to startups, business growth, investment and more, as well as practical ‘how to’ style posts.

     Viola Group’s team members will be the main contributors to the blog, but it will also feature an exciting lineup of guest bloggers from among Viola’s over 100 portfolio companies as well as hand-picked industry experts from around the world.

     Viola Notes is managed by Noya Lizor, Viola Group’s newly appointed Director of Content who was brought in specifically to focus on the group’s content marketing activities, which is a first in the local VC landscape. Originally from Israel, Noya spent over 20 years in Australia where she worked in a variety of creative and editorial roles both in publishing and advertising. Her last role before returning to Israel was at McCann Worldgroup (Sydney) and since returning to Israel 6 years ago she has worked in Israel’s vibrant startup scene in several senior marketing roles.

      “Viola Group is all about empowering tech companies for growth. My vision for this blog is to present highly interesting, useful and hopefully inspirational content, some of which will come from the highly experienced folks at Viola and some from members of the tech community itself whose expertise I feel is particularly relevant to our audience” said Ms. Lizor.  “There’s lots of terrific content in the pipeline for 2015 and we’re looking forward to sharing it with Viola Notes subscribers and followers”.

     About Viola Group

     Viola Group, with over $2 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 Private Equity – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. The group partnerships have invested and partnered with over 150 companies including: ironSource, Outbrain, Payoneer, Matomy, RRMedia, Telit, BorderFree, Superderivatives, Actimize and more.

     For more information please visit: www.viola-group.com

Our People and Companies

About

Viola Group, with over $2 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 Private Equity – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors. Vintage - a leading Secondary Fund and FOF manager is an affiliate of the group; 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.

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Latest News

    • Matomy Media Group January 2015 Trading Update

      Since its last trading update Matomy continues to perform strongly, with record results recorded in December 2014, both in terms of EBITDA and Group revenue.
    • RR Media Reports Record Revenues of $33.1 Million for the Third Quarter 2014; Up 8.2% Year-Over-Year

      Quarterly Gross and Operating Margins Improve Sequentially; Management Reiterates Full-Year Revenue Guidance
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      Orad and KamaKama announced today they have joined forces to provide sports content right holders and broadcasters a cutting edge platform to deliver instant and personalized sports’ clips to their mobile viewers. With the new platform, sports fans will benefit from the ultimate on-the-go viewing experience: exclusive personalized video highlights from live sports events available for immediate viewing on smart mobile devices in real time, based on users’ settings. - See more at: http://www.orad.tv/orad-and-kamakama-deliver-on-demand-real-time-video-highlights#sthash.7IVcfL8g.dpuf
    • France BFMTV relied on Orad’s PowerWall video wall solution for 2014 Municipal Elections

      Orad announced today that BFMTV – France’s leading 24/7 news channel relied on Orad’s PowerWall video wall solution to display linear graphics and videos during 2014 Municipal elections broadcast. The graphics and videos were controlled from Orad’s 3DPlay controller.
    • Zend Broadens Executive Team With President to Support Accelerated Growth

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    • Zend announces the availability of Zend Framework 2 Certification

      Zend announces the availability of Zend Framework 2 Certification

       Zend, the PHP Company, has announced the immediate availability of the Zend Framework 2 Certified Architect certification. Zend Framework is the leading open source PHP application framework, utilized in hundreds of thousands of applications globally, and one of the world's most successful projects, providing re-usable code and best practices that developers can use to create modern, high-performing web applications.
      Featuring over 10,000 certified software professionals worldwide, Zend Certifications have become the acknowledged industry standard enabling developers, and software development organizations, to demonstrate mastery of their PHP skills. Zend Certifications are built to American National Standards Institute (ANSI) standards.

      The Zend Framework 2 Certified Architect exam was developed by an expert advisory board led by Zend Framework’s Project Lead, Matthew Weier O'Phinney, and a team of Zend Framework 2 contributors, developer community leaders and engineers with practical experience building real-world applications.
      “We have heard from many developers that studying for, and obtaining, a Zend certification helps developers improve their skills through the process of exam preparation.” said Debbie Otterstetter, Senior manager of Global Training and Certification at Zend, “Taking and studying for these certification exams can really help a developer get a wide understanding of the full range of PHP's & Zend Framework capabilities.”
      Zend has introduced two new certification exams in the last six months, Zend Certified PHP Engineer and Zend Framework Certified Architect. “PHP, driven by its large developer community and vast ecosystem, has become the platform of choice for developing the backend of web and mobile applications, as well as many business critical enterprise apps “said Ido Benmoshe, VP of Global Services at Zend, “Many developers and development managers realize the importance of keeping current with their technical certifications, best practices and modern development techniques”.
      Reservations for the Zend Framework 2 Certified Architect exams are available at the PearsonVUE testing centers starting on March 6th.

      In order to aid developers enhance and master their PHP and Zend Framework skills, Zend has created a complete curriculum of classes expediting the learning process. All classes are designed and taught by professional, experienced PHP developers who understand how to equip you with the knowledge and tools to architect and develop professional PHP and Zend Framework applications. You can find the complete set of classes at: http://www.zend.com/training

      Attend the Webinar: Accelerate Your Career with Zend Certifications
      Wednesday April 9th, 8:30am PDT

       

    • RRsat Expands Reach in Asia with a Five-Year, US$11.7 Million New Agreement with Customer

      One of the Largest Contracts in RRsat’s History
    • NTV+ picks Orad's graphics for their Sochi Winter Olympic coverage

      NTV+, Russia's digital satellite broadcaster, has chosen Orad to cover the 2014 Sochi Winter Olympic Games. NTV+, the host broadcasters for the Sochi Olympics who have domestic broadcasting rights for the entire event, will be using multiple Orad graphic solutions to facilitate and simplify their production workflow.

    • Zend Announces Enhanced Long-Term Support Policy for PHP

      New Zend Server 6.3, Zend Studio 10.6 Announced, Along With Extended Support for PHP 5.3 and Beyond

    • RRsat Wins a Tender to Broadcast Duna TV, Hungarian Public TV Channel and Radio, to Americas and Australia

      Contract is for $1.2 Million with Potential Expansion to $2.5 Million

    • Matomy Media Group Merges MediaWhiz into global Operations

      Performance media company MediaWhiz will now operate as U.S. hub of global firm Matomy
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      Collaboration with TGVN to Deliver Coverage Reprises Successful Live Broadcast by RRsat of 2013 Summer Universiade

    • Matomy Media Group Acquires Performance-Based Social Advertising Agency from Adquant

      Matomy now offers performance-based solutions for Facebook advertisers
    • Viola Credit Granted $5 Million Credit Facility to Apos Medical & Sports Technologies

      Apos - Medical & Sports Technologies, the developer of AposTherapy - an innovative, personalized, non-surgical and drug-free medical program for knee and back pain, announced today that it has received a $5 million credit facility from Viola Credit (formerly Plenus). 
    • ECI Telecom Receives “2012 Communications Solutions Product Of The Year” Award

      Native Packet Transport (NPT) platforms recognized for exceptional innovation with multidimensional flexibility for packet-optical networks​​
    • Clarizen V6 Named “New Product of the Year” by Business Intelligence Group

      Award Win Underscores Clarizen’s Commitment to Product Excellence, Empowering Customers to Collaborate Efficiently and Effectively.
    • Viola Private Equity Acquires control of Gaon Holdings

      Viola invested NIS 70 million and became the Company’s largest shareholder (57%).

      Within the framework of the deal, Viola also received options which, when realized, will bring Viola’s holdings in the Company to 68.5%. The realization of the options will inject additional cash into the Company in the future.

    • The Viola Group Acquires 20% of the Israeli company RRsat for $28 Million

      THE INVESTMENT GROUP SIGNED AGREEMENTS TO ACQUIRE PART OF KARDAN COMMUNICATIONS’ AND DAVID RIVEL’S HOLDINGS IN THE COMPANY. THE COMPANY IS TRADED ON NASDAQ AND PROVIDES MANAGEMENT AND CONTENT DISTRIBUTION SERVICES TO MORE THAN 630 TELEVISION AND RADIO STATIONS IN ISRAEL AND ABROAD * BEIT-ON, A FOUNDER OF THE VIOLA GROUP: “THE COMPANY HAS SIGNIFICANT GROWTH POTENTIAL, BOTH ORGANICALLY AND THROUGH THE ACQUISITION OF OTHER COMPANIES
    • Corning Incorporated to Acquire MobileAccess

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    • Viola Private Equity Invests $7 million in Zend Technologies

      Viola Private Equity Invests $7 million in Zend TechnologiesLeads a $16.5 million Investment Round Intended to Fuel Growth of PHP Market Leader
    • Viola Private Equity invests $17 million to acquire 21% of Matomy Media Group (previously Adsmarket)

      Adsmarket, an established internet advertising company, is the third largest company in Europe in this field and employs around 140 people, mainly in Israel. The Company, founded in 2007, recorded sales of $80M in 2010, compared to $7M in 2007.
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