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  • 27 Jan 2015

    Triton Digital And Exelate Develop First Streaming Audio Data Management Platform

    TRITON DIGITAL has entered into an exclusive partnership with EXELATE to deliver the first-ever streaming audio Data Management Platform (DMP). The new platform will enhance the ability of ad buyers to reach their desired audiences with targeted audio campaigns via mobile or desktop.

    “TRITON and EXELATE are breaking totally new ground within the programmatic audio advertising industry with the launch of the first audio-focused DMP,” said EXELATE CEO MARK ZAGORSKI. “This partnership is crucial for ad buyers and marketers, as it will empower them to make smarter programmatic audio ad buys and execute cross-device and multi-channel campaigns that include mobile, audio, video, and display. EXELATE’s ability to capture, manage, and activate billions of data points across all channels and devices will power a highly customized ad experience for TRITON’s customers and advertisers.”

    “Digital audio has become an important piece of the digital advertising mix, particularly as more and more consumer attention is captured in a mobile context. Until now audio has not been available as part of a multi-channel programmatic buy,” said TRITON DIGITAL COO MIKE AGOVINO. “Beginning today, digital audio can garner a larger share of the market by attracting a piece of the larger multi-channel programmatic budget.” 

  • 27 Jan 2015

    Payoneer Momentum Continues with Several Milestones to Close Out 2014

    Rapid growth continues; wins Deloitte Fast 500 for third consecutive year, and one of Top 100 financial services companies in Inc. 5000 for second consecutive year. Global expansion continues with strategic funding, new offices in Silicon Valley and Asia, and launch of Payoneer Ambassador Program.

    Payoneer Inc., a leading global payments company, today announced several 2014 company milestones as it looks ahead to continued growth and expansion in 2015.

    Based on the strength of its mission to empower global commerce by connecting businesses, professionals, countries and companies, Payoneer has experienced one of its most successful years to-date. Top milestones from 2014 include:

    •     Secured strategic investments and partnerships:

    o    Ping An Group, a leading Chinese financial services provider

    o    Nyca Partners, a venture capital and advisory firm with significant financial services and technology expertise

    o    Susquehanna Growth Equity, LLC, a private equity firm focused on the financial services industry and an affiliate of Susquehanna International Group, LLP

    •     Fast growth and innovation recognized once again in leading industry awards:

    o    Deloitte Fast 500 – Third year in a row with 762% growth over past 5 years

    o    Inc. 5000 – Ranked in the top 100 Financial Services companies for the second year in a row

    o    2015 Paybefore Award – Winner of the Think Local, Pay Global award

    •     Industry luminaries added to board and advisory team:

    o    Hans Morris, former Citi executive and Visa President

    o    Lazaro Campos, former SWIFT CEO

    •     Added major mass payout partners:

    o    Airbnb, Wish and many more industry-leading marketplaces, enterprises and language service providers

    o    Selected as a global payments provider by Google for Trusted Stores program, which helps customers identify merchants they can trust online

    •     Exceeded 100,000 monthly applications

    •     Launched brand ambassador program and hosted large-scale Payoneer Forum events in Argentina, Bangladesh, China, Japan and Pakistan. Fifteen more countries will be added throughout 2015.

    “There’s a lot to be excited about at Payoneer with much more to come as we look ahead to 2015,” said Scott Galit, CEO, Payoneer. “With Payoneer’s fast, flexible, secure and low-cost solutions, we’re poised to continue building momentum as we enable and accelerate cross-border growth for more businesses and professionals in all corners of the world. Our innovative payment solutions have enabled us to achieve our 2014 milestones, and our commitment to customer experience, compliance and risk management positions us for sustainable growth.”

    To learn more about how Payoneer is empowering global commerce with cross-border payment services for business, visit the Payoneer website.

    About Payoneer

    Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Airbnb, Elance-oDesk, Getty Images and Google rely on Payoneer’s mass payout services.

    With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at http://www.payoneer.com or follow us on Twitter and Facebook.

  • 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

  • 30 Jan 2015

    RT @TheNextWeb: 10 Web design trends you can expect to see in 2015 http://t.co/tOInsj130o http://t.co/9g4Xgjhnsi
  • 30 Jan 2015

    RT @TheNextWeb: The genius of Mailchimp's sweaty monkey finger http://t.co/68j1HyfffR http://t.co/J8Pq1uW4eM
  • 30 Jan 2015

    RT @kpcb: KPCB Podcast: How storytelling is changing in the digital age. http://t.co/MmduT2s53g cc @iTunesPodcasts http://t.co/riJ9xC2yQx

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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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