News
  • Carmel Ventures | 27 May 2015

    EverCompliant Secures $3.5M in Funding Led by Carmel Ventures

    TEL AVIV, Israel, May 27, 2015 /PRNewswire/ --

    EverCompliant, a provider of cyber risk intelligence and merchant fraud detection solutions, announced today that it has raised $3.5 million in Series A financing, led by Carmel Ventures, Nyca Partners and existing EverCompliant investor Joey Low from Star Farm Ventures.
    The company will use the funding to further develop its product suite, MerchantView, and accelerate its global expansion.

    Acquiring banks, and payment service providers, (PSPs) are struggling to identify the fraudulent illegal online activity that is being funneled through presumably legitimate merchants. EverCompliant has solved this problem by creating an innovative solution that allows the payment industry to onboard, and continuously monitor any number of merchants and instantly uncover hidden fraudulent and suspicious e-commerce activity that may create financial liability and risk. While using EverCompliant's technology, acquirers and PSPs can dramatically reduce the time and money spent on the underwriting process, and reach a conclusive business decision efficiently and accurately allowing them to grow their client base.

    EverCompliant's technology has been tested, validated and adopted by large-scale financial institutions and payment service providers in the US, Israel and Europe.  

    "We are excited to be joined by two exceptional VCs like Carmel Ventures and Nyca Partners, both leading investors in the global FinTech sector, as well as earn the continued support of Joey Low," said Ron Teicher, Chief Executive Officer of EverCompliant. "Fraud is constantly evolving and the current controls and solutions used to mitigate merchant risk are no longer effective at detecting new and sophisticated merchant fraud activity. This investment allows us to continue to deliver leading technology and service to our customers and help them stay ahead of the fraudsters while expanding globally."

    Avi ZeeviGeneral Partner & Co-founder at Carmel Ventures said: "With a huge and growing market of small and micro merchants, and a growing number of fraudsters and criminals in the online world, Evercompliant's product suite is crucial to enable global eCommerce. We are excited to join the company and bring Evercompliant's cutting edge solutions to the payments industry, making it a safer place for everyone."

    "Cyber criminals are becoming more sophisticated in the way they hide illegal business. EverCompliant's technology is perfectly positioned to help proactively identify fraudulent and illegal activity, that is hidden through presumably legitimate merchants, and eliminate it from the system," said Hans Morris, Managing Partner of Nyca Partnersand former President of Visa.

    "We are very proud to continue supporting EverCompliant and have high hopes for the company. The EverCompliant team is well positioned to assist the credit card industry as it faces constant new challenges," added Joey Low, founder at Star Farm Ventures.

  • Carmel Ventures | 20 May 2015

    Carmel's Samanage Raises $16 Million in New Funding to Support Accelerated Growth

    Cary, N.C. — May 20, 2015 — Samanage, provider of the only true cloud integrated enterprise service desk software on the market, today announced the close of $16 million in Series B funding to support the company’s accelerated growth rate and expansion.
    The new funding is led by Marker LLC and Vintage Investment Partners, with participation from existing shareholders Carmel Ventures, Gemini Israel Ventures and Silicon Valley Bank.   The new funding is the largest private funding round in the IT service management industry in the past three years.
    “Samanage has evolved from an emerging player to an innovative leader in the enterprise service desk software space,” said Lluis Pedragosa, Marker, LLC.  “The vision of the company combined with their agile product development and exceptional customer experience are just some of the key differentiators Samanage brings to the market. They stand out from the crowd, and we look forward to the partnership as they continue to disrupt the ITSM landscape.”  
    The new funding comes on the heels of the company closing their third consecutive year of triple digit growth.  Customers of the enterprise service desk cloud software solution nearly doubled in 2014 and now span 52 countries.  The company is on track to deliver similar performance in 2015.

     

    “We are excited about the next growth stage for Samanage and our continued path to capitalize on the opportunity in the mid-market and enterprise Service Management industry,“ said Doron Gordon, Founder & CEO, Samanage.  “This funding recognizes the hard work and amazing determination of the Samanage team to deliver a new type of  software experience, one that is absolutely focused on making our customers successful by building software that they love to use.”

     

    The company’s expansion is proving to be more than just headcount and bricks and mortar. Earlier this year, Samanage introduced the enterprise service desk designed to help customers gain value from a beautiful and easy-to-use  service management solution across the organization.  The company also announced their launch of the industry’s first real-time service performance benchmarking solution that empowers service organizations to measure and benchmark their performance against their peers, and identify opportunities to improve service levels.

     

    “When we set out to build Samanage we wanted to create beautiful software that people love to use. Samanage was originally designed for the busy IT professional who needed a modern way of managing their service relationships,” said Gordon.  “The superior user interface and highly configurable functionality has customers using Samanage across many areas of the organization including Human Resources, Facilities, Finance, Marketing and more.  It is becoming the solution of choice for managing service interactions across the enterprise.”

     

    The new funding will be used to scale engineering and customer facing teams, including expansion of the North American sales and customer success teams as well as a global expansion to EMEA and Asia Pacific.

     

  • Carmel Ventures | 11 May 2015

    Big-Data Platform for Commercial Real Estate Finance, CrediFi, Raises $8 Million in Funding Round Led by Battery Ventures

    Big-data provider empowers commercial real estate lenders, investors and owners with real time, institutional-grade data, analytics and monitoring.

      New York, NY--(May 11, 2015) - CrediFi, a big-data company providing critical data and analytics for the commercial real estate (CRE) finance sector, has raised $8 million in funding led by Battery Ventures with additional funding from Carmel Ventures and OurCrowd, a crowdfunding platform. The company launches with institutional-grade data and analytics relating to over 10 billion square feet of property across the U.S. and $1 trillion in commercial real estate loans.

     CrediFi solves the problem of lack of transparency in the CRE space, which contributed to the 2008 credit crisis, as many players in the sector had inadequate data about the properties underlying ultimately risky investments. To enable visibility of both opportunities and risks in the global CRE finance community, the company provides key loan, financial, property, and market information and asset analytics  on both desktop and mobile platforms. Information available includes everything from detailed breakdowns of property loans, to specific building tenants and occupancy data, to amount of capital invested in particular properties, to legal and compliance data.

     “Commercial real estate is awash on a sea of debt that is consistently being refinanced.  Its financial markets are starving for data and analytics to enable smarter investing, lending and ongoing monitoring” said Ely Razin, CEO of CrediFi.   “It’s not just knowing what your asset is doing – it’s what your competitor, your neighborhood, your market is up to as well. In this market, knowledge is a game changer.”

     “Big data is transforming so many markets that it’s almost become a cliché—but if there ever was a market more ripe for data-based disruption, it’s the enormous and under-analyzed commercial real estate sector,” said Battery Ventures General Partner Scott Tobin, who has joined CrediFi’s board.   “Right now, sector participants can access fragmented data about things like individual property details and lease information, but no one is offering this data in a single, integrated platform. CrediFi is stepping up to fill this void.”

     CrediFi will use the funds to expand its customer-facing organization, while continuing its platform expansion, building out the largest collection of loans, property and tenant data, with risk scoring throughout.

     The company's cloud-based service is currently in use with several marquee institutions including premier asset holders, hedge funds, large scale institutional banks, and others. 

     About CrediFi

    CrediFi is a dual-headquartered company with offices in New York and Israel.  CrediFi is intensely focused on the needs of the commercial real estate finance markets, including transparency, data and analytics intended to provide a holistic view of real estate investment opportunities.  To fulfill this promise, CrediFi collects and constantly updates a broad and fully integrated dataset focused on properties, loans, lenders, and owners, with risk scoring rounding. The company's founders include Ely Razin and Stax Development Corp.

     

    CONTACT:

    Clayton Rifkind

    Head of marketing

    Clayton.rifkind@credifi.com

    212-419-8080

     

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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. 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

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      Zend announces the availability of Zend Framework 2 Certification

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      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

       

    • 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.

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