• Viola Private Equity | 15 Apr 2015

    Viola Private Equity Fund II Hits $250 Million

    Tel Aviv, April 15, 2015. Viola Private Equity, Israel's first technology growth capital and buyout firm and a member of the Viola Group, today announced the closing of its latest investment fund, Viola Private Equity II (“Fund II”), reaching its targeted amount of $250 million. Fund II may remain open up to $300 million. Viola Private Equity invests in growth-stage technology companies across high-growth sectors that include enterprise software, eCommerce, cyber security, FinTech, and healthcare.

    Fund II will invest in 10-12 growth-stage companies; investment sizes will range from $20 million to $40 million per company. Viola Private Equity's previous fund invested in 12 companies, out of which three have already been successfully exited: MobileAccess that was acquired by Corning Inc. and Amiad Water Systems (AIM:AFS). The third portfolio company, Matomy Media Group (LSE:MTMY), had its successful IPO on the London Stock Exchange last year, and Viola Private Equity already realized a portion of its holdings in the company. Viola Private Equity continues to work with its existing portfolio companies on their growth and success.

    Viola Private Equity recently completed the first investment of the new fund, backing, a leading e-Commerce company that sells prescription eyewear to US consumers, offering both branded and private-label eyewear, at very attractive prices.

    Fund II received commitments from leading global institutional investors as well as leading family offices, from the US, Asia, Europe and Israel . Viola Private Equity is led by four general partners that bring vast operational and investment experience: Harel Beit-On, Jonathan Kolber, Sami Totah and Ayal Shiran. As in the previous fund, Fund II includes a significant equity investment by Viola's General Partners and affiliates.

    “The Israeli tech entrepreneurs and investors have become more focused on building large significant companies. Demand for technology growth capital in Israel is growing and Viola Private Equity is well positioned to fulfil this need and partner with the most promising companies coming out of Israel,” said John Morrison, Managing Director of Munich Private Equity Partners (MPEP). “We are pleased to continue our successful partnership with the Viola Private Equity team and back them in Fund II.”

    “Driving growth and expansion for established technology companies is what we do best in Viola Private Equity," said Harel Beit-On, Founder and General Partner at Viola Private Equity. “Israel is generating a growing pipeline of growth stage companies and this trend presents remarkable opportunities for us, as value creators. By leveraging the track record of our team members and the Viola Group's ecosystem we aim to turn recognized companies into global tech leaders and accelerate their growth.”  

      About Viola Private Equity:

    Founded in 2008, Viola Private Equity provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Private Equity, with over $410M under management, 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 Private Equity team has vast experience in working with management teams to build organic and inorganic growth plans, scale operations, strengthen management teams and aims to create business partnerships with global leaders. 

    Viola Private Equity is a member of the Viola Group, Israel’s premier technology-focused Private Equity group with over $2B under management. For more information visit:

  • Viola Private Equity | 15 Apr 2015

    Zend and Microsoft Announce Strategic Partnership for Microsoft Azure
    Zend, the PHP Company, and Microsoft Corp. today announced a strategic partnership aimed at transforming developers’ productivity in the cloud starting with a joint integrated offering of Zend’s transformative Z-Ray technology with Microsoft’s Azure App Service. The combination of Z-Ray and Azure App Service delivers supreme productivity and insight to both PHP developers and developers of PHP-based applications such as WordPress, Drupal, Magento, and Joomla. “We are excited that Microsoft selected our innovative Z-Ray technology as a key differentiator to their cloud offering," said Andi Gutmans, CEO & Co-founder of Zend. "We are very impressed to see how Microsoft is able to increase PHP developers’ productivity and enhance their user experience with the tight integration of our technology and their platform.” “We are focused on delivering the best developer experience in the cloud for PHP developers as well as anyone who builds apps using Java, .NET, node.js, Python, and other popular open source frameworks,” said Bill Staples, Corp. Vice President, App Service, Microsoft Azure. “Z-Ray is a key addition to our App Service offering and our work with Zend also demonstrates our ongoing commitment to the open source community." Z-Ray for Azure is a unique PHP productivity technology fully integrated with Azure App Service. It effortlessly provides developers with continuous in-depth insight into their PHP applications, delivering increased productivity, application performance, and code quality. The integration of Z-Ray within Azure App Service delivers a unique out-of-the-box experience that allows developers to access it with the flip of a switch. Z-Ray inherently supports mobile and API development with its unique Z-Ray Live! technology.  It also features a pluggable architecture that makes it easy to customize and extend Z-Ray to any framework or application in addition to the built-in support for WordPress, Drupal, Magento and others. “Agility and productivity are key drivers to cloud platform decisions, and developers are at the epicenter of making those choices,“ said Al Hilwa, Program Director, IDC. "By jointly integrating Z-Ray at the Azure PaaS-level, Zend & Microsoft deliver a unique new view of app behavior and performance which enables strong developer productivity and quality in the cloud." "Developers, and more specifically open source developers, are the New Kingmakers who determine platform adoption," said Stephen O'Grady, Principal Analyst with RedMonk. "This is particularly true in the cloud, which is why Microsoft and Zend partnering around Z-Ray to improve the Azure developer experience is an important step for PHP developers." Availability Z-Ray for Azure App Service will be available in Q2 of the current calendar year. For more information on Z-Ray for Microsoft Azure, visit: For more information on Microsoft Azure App Service, visit
  • Carmel Ventures | 14 Apr 2015

    Tonara Raises Additional $5M Proving That Passion for Music Education Is Universal

    Chinese Internet Giant Baidu, and Carmel Ventures, Co-Lead $5M Investment Round in Tonara, the Leading Music Education Technology Platform

     Today, Tonara, a music education technology company, announced a $5 million investment round led by Baidu, China’s leading search engine, and Carmel Ventures. Baidu’s investment and partnership will accelerate Tonara’s growth, particularly in China, the world’s largest music education market. Existing investors also participated in the round. Baidu’s Senior Director of Corporate Development, Peter Fang, will be joining Tonara’s board.

    “Tonara's mission is to redefine the way music is taught, learned and practiced around the world by bringing music education into the digital age. We are excited by Baidu's endorsement of Tonara's vision and potential” said Guy Bauman, CEO of Tonara. “The new funding will enable us to scale and reach music students and teachers globally. We’re thrilled to cooperate with Baidu in reaching out to the Chinese audience"

     “Tonara has consistently pushed the envelope when it comes to developing innovative and revolutionary technology,” said Peter Fang of Baidu. “Not only is there a huge global market for Tonara's music education platform, a large piece of which is China, but we see many other possible applications for Tonara's technology.  We are certain that Tonara’s future will be extraordinary, and we’re proud to be a part of it.”

     “Music education hasn't changed for hundreds of years. We are delighted to support Tonara in its mission to redefine the huge global market of music education by creating a user-friendly music practicing experience on tablets for students and teachers," added Rina Shainski, General Partner of Carmel Ventures.

     The company currently offers two apps: Tonara, a fully digitized sheet music platform for professional and amateur musicians which, follows played music, flips the pages during rehearsal and performance, and offers an extensive catalog of scores. Following professional artists’ onstage success with Tonara, the Wolfie app for teachers and students was launched in 2014. Based on the same proprietary technology, Wolfie is transforming music education by using an iPad to create an interactive and engaging music learning experience. Wolfie supports teacher-student communication and features an extensive catalogue of music lessons organized by levels.

     Tonara and Wolfie’s music catalog is constantly expanding thanks to partnerships with music publishers. The company will be announcing new partnerships with major music publishers in the coming months, further developing the catalogue, and cementing Tonara’s leadership as the provider of the best apps for musicians – whether they are students, teachers, or world-class performers.

     About Tonara:

    Tonara launched in 2011 with an industry-first interactive digital music sheet app for the iPad that has been embraced by performers on stage as well as by amateur players. Tonara is a music technology company developed by musicians for all those who love music. With a mission to broaden access and be a catalyst for lifelong learning at all levels, Tonara is leading the transition of sheet music into the digital age by making it accessible and interactive. Tonara's technology is also paving the way for a wide range of new applications for digitized music, including its premier music education platform Wolfie. For more information about Tonara, visit; for Wolfie, visit


    Anna Dalton

    +1 917 724 2927

    +44 203 769 0620


Our People and Companies


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.



  • 2015 (21)
  • 2014 (47)
  • 2013 (17)
  • 2012 (9)
  • 2011 (7)
  • 2010 (7)
  • 2009 (3)
  • 2008 (2)
  • 2006 (3)

Latest News

    • Zend and Microsoft Announce Strategic Partnership for Microsoft Azure

      Focus on Accelerating Developer Cloud Adoption for WordPress, Drupal and PHP Applications 
    • Zend Announces the Future of PHP Frameworks: Zend Framework 3

      New Next-Generation PHP-based Application Framework for Web and Mobile Applications Unveiled
    • Matomy Media Group Reports 2014 Full-Year Financial Results

      Strong operational and financial performance — poised for further growth
    • 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
    • Orad and KamaKama deliver on-demand real time video highlights from live sports events in seconds to smart mobile devices

      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:
    • 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

      Stu Schmidt Brings 25+ Years of Leadership Experience and Demonstrated Success in Scaling Global Business Operations.
    • RRsat Enhances Presence in United States to Better Serve Growing

      RRsat America Brings Media Management, Monetization and Global Content
      Distribution Services to the U.S. Market, Opening Opportunities for International
      and U.S. Media Companies Alike
    • 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:

      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.

    • 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
    • RRSAT delivers live and delayed coverage of 2013 winter universiade events to CBS sports network

      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

    • Corning Incorporated to Acquire MobileAccess

      Corning Incorporated to Acquire MobileAccess Acquisition to extend wireless technology platform within Corning’s telecommunications segment
    • 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.