• 28 May 2015

    Gartner Recognizes Clarizen as a Leader in 2015 Cloud-Based IT Project and Portfolio Management Services, Worldwide

    EVALUATION BASED ON ABILITY TO EXECUTE, COMPLETENESS OF VISION

    SAN MATEO, Calif. – May 27, 2015 –  Clarizen, the leader in enterprise work collaboration software, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide. After evaluating the field of project management software vendors, Gartner analysts placed Clarizen in the Leaders quadrant based on ability to execute and completeness of vision.
     
    According to the report, “Demand for IT PPM software continues to grow.  This is due in part to an increased pace of change, as well as a change in the nature of change, driven by digitalization.”  The report notes, “Digitalization, however, is not exclusive to IT. It is business, and it crosses silos, be they within or between organizations.”
     
    The report also states, “Organizations are simultaneously demanding greater project collaboration capabilities to deal with more challenging projects and improved portfolio analytics to better manage portfolio risk.”
     
    “Gartner’s designation as a ‘leader’ is an important milestone for Clarizen.  We believe it reflects our mission to help enterprise customers continuously innovate and execute against moving targets, to get work done faster,” said Avinoam Nowogrodski, CEO, Clarizen. “We’ve worked diligently to build Clarizen as an extensible, enterprise-grade, collaborative work management platform to help our global customers deliver efficiency and transparency in their organizations.”
     
    The Gartner Magic Quadrant is a culmination of research within a specific market, presenting a wide-angle global view of a particular market’s competitors and their relative positions. The report presents Gartner’s opinion of software vendors that organizations might consider before purchasing IT project and portfolio management solutions.
     
    To read the full 2015 Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services report, please click here.
     
    About the Magic Quadrant
    The Gartner document is available upon request from Clarizen here.

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
     
    Gartner, Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide, Daniel B. Stang, Robert A. Handler, Teresa Jones, 20 May 2015
     
    About Clarizen
    Clarizen is a leading enterprise-class work collaboration platform that helps companies get work done faster. The company’s project management and work collaboration solutions uniquely harness the power of the cloud to get work done efficiently, effectively and with better results. Fast to deploy and easy to use, Clarizen is shaping the future of work and redefining enterprise collaboration by connecting social context with tasks and projects to drive increased productivity and profitability. Empowering teams by connecting conversations, tasks and projects in a single solution, Clarizen fuels the high-performance teams of thousands of organizations across 69 countries, including dozens of the Fortune 500. Founded in 2006, Clarizen is privately held with locations all around the world including San Mateo, CA, Tel Aviv, IL and London, UK. For more information, visitwww.clarizen.com.

  • 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.

  • 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.

     

  • 27 May 2015

    RT @evercompliant: EverCompliant Secures $3.5 Million in Funding Led by Carmel Ventures http://t.co/5w1G98njIy @carmelventures @nycapartner…
  • 27 May 2015

    RT @Outbrain: Packing a few #books heading into summer holidays? Here are a few we’d recommend adding to your list. http://t.co/UAp2ZohRBA
  • 26 May 2015

    RT @SuzanneBoyd: My purse weighs more than the LiveU and the camera together! #Truth https://t.co/oJ7CQlosNJ

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Carmel Ventures is a venture capital firm, empowering early stage start-ups to become category leaders 

Founded in 2000, Carmel Ventures is managing over $800M across four funds. As Israel’s top tier VC firm, we invest in Israeli or Israeli related early stage companies and build global category leaders. Carmel invests across a number of key market segments including: software, new enterprise infrastructure, big data, digital media, consumer applications and semiconductors.

Our team approaches the investment as a proactive, hands-on endeavor. Carmel Ventures typically leads or co-leads investments and take an active role on the Board of Directors while keeping a low ratio of companies per partner. With strong M&A and IPO experience, the Carmel team has backed a disproportional share of Israel’s category leaders that generate over $50M in annual revenues, including: Outbrain, ironSource, Payoneer, and more.

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