• 06 May 2015

    Pitney Bowes to acquire Borderfree for $395m

    Founded in Israel in 1999, e-commerce company Borderfree has a development center in Tel Aviv.

    Pitney Bowes (NYSE: PBI) is acquiring Israeli e-commerce companyBorderfree Inc. (Nasdaq: BRDR) for $395 million. This is nearly double the company's closing share price of $6.79 on Nasdaq last night, which gave a market cap of $217 million. In after-hours trading the share more than doubled to $13.72.

    Borderfree had $125 million revenue in 2014 and has 250 employees at its New York City headquarters and development office in Tel Aviv.

    Borderfree was founded in 1999 by Yuval Tal in Israel under the name FiftyOne, as a forex conversion site for retailers. It subsequently expanded its business to become the leader in its field, offering worldwide e-commerce for American retailers. The company raised $80 million in its Nasdaq IPO in March 2013. The IPO reduced the stake of Pitango Venture Capital in the company from 32.8% to 27.4%.

    Both boards of directors approved the deal.

    Borderfree CEO Michael DeSimone said, "Over the last eight years, we've built Borderfree into a market leader in global ecommerce. We're excited to join forces with Pitney Bowes, a global technology company offering innovative products and solutions that enable commerce globally. Pitney Bowes' technology, commerce and logistics expertise will help accelerate our growth and the ability for our combined businesses to realize our full potential as a leader in the dynamic global ecommerce market."

    Pitney Bowes president and CEO Marc B. Lautenbach said, "The combination of Borderfree's cross-border ecommerce capabilities with our own solutions expands our portfolio of offerings and extends our global reach. We've had a long-standing relationship with Borderfree and know the company well. Together, we have a significant opportunity to help our clients expand and grow by providing a comprehensive range of complementary, cross-border ecommerce solutions in the fast-growing global ecommerce marketplace."

    Published by Globes [online], Israel business news - www.globes-online.com - on May 6, 2015

  • 30 Apr 2015

    GreenTek Lighting and Metrolight join forces
    Apr. 30, 2015

    1 APR 2015—Nashville, TN and Tel Aviv, IL.   GreenTek Lighting and Metrolight have joined forces to better serve their joint customers.  GreenTek Lighting will now be responsible for all sales, service, and marketing efforts of Metrolight’s  LED Drivers including Metrolight’s programmable LitoDrive, Multichannel LED controller and world-class “Driverless Driver™” (DLD) solution.
    GreenTek Lighting’s Randy Reid, stated, “Metrolight has always had world-leading expertise in high power programmable devices and we are pleased to have access to their latest technology.”  He went on to say, “Coupling Metrolight’s technology with our world-class manufacturing facility in Germany, will allow us to offer the most feature-rich, high quality LED driver in the market.”
    Jonathan Hollander, CEO of Metrolight explained, “Randy knows everybody and we are very excited to again work with him as he rolls our revolutionary product to Tier I and Tier II OEMs in North America. With the new technologies to be introduced by Metrolight the way of thinking LED’s and automation control is going to be changed completely."

    About GreenTek Lighting.  GreenTek Lighting is the leader in high luminance eHID drivers specialized in operating Ceramic lamps at the best efficient possible way.  As the market continues its move away from HID to LED, GreenTek has evolved its business and now offers high power Class I and Class II LED drivers.  The GTL Class I driver claims a 98% efficiency rating while offering the smallest footprint for a 350 watt driver. 
     About Metrolight.  Metrolight continually strives to develop the most technologically advanced products and offers a range of unique lighting solutions in HID and LED’s. These solutions represent a powerful and energy efficient approach for a range of applications across various markets.
    Metrolight’s drivers and managed lighting solutions are always representing new ideas out of the box, providing advanced features at a competitive price, used in retail, industrial, commercial and municipal installations to reduce energy consumption and carbon emission by 70%.
    Pioneering lighting energy solutions since 1996, Metrolight operates worldwide with over 1,000,000 systems deployed and over 8 billion hours in operation and 300,000 points controlled via the Internet.

    Metrolight's control system offers smart city management capabilities, addressing each light point separately or as part of a group, IP camera platform and energy and maintenance reports.

    LED2IoT: Bridging the LED world and the Internet of Things world
    Metrolight, is now developing a unique business model and technology platform to bridge the LED market ($75B today, $115B by 2020) and IoT market (Internet of Things - $14 Trillion). Light points are inherently electrified, typically located in strategic high places with superb line of sight and are all around us. Since LEDs drive new installations and retrofits, Metrolight sees each light point as a valuable real-estate that can provide an extraordinary platform for value added services. These services include: cellular, Wi-Fi, video, electrical cars charging, smart parking, announcements, signs hazards detection, city management and many more. Metrolight produces today smart LED drivers which are fully internet controllable and programmable. The company is now developing the LED2IoT gateway the DLDTM (Driverless DriverTM) which both controls and manages the LED system and supports the connection and management of peripheries that ultimately stream data to cloud services.
    For more information, please visit our website at www.metrolight.com

  • 28 Apr 2015

    Leading Venezuelan Operator Calls on cVidya and Huawei to Bolster Fraud Defenses

    Huawei implements major upgrade of cVidya’s FraudView® solution for Venezuelan operatorLondon, UK , April 28, 2015

    cVidya, a leading provider of Revenue Analytics solutions for digital and communications service providers (CSPs), and Huawei, a leading global information and communications technology solutions provider, today announced a joint effort to expand and upgrade the Venezuelan operator’s Fraud Management solution.

    The leading Venezuelan telecommunications operator commissioned the upgrade to enable the processing of increased network usage data in line with the Government’s new security requirements. The latest version of cVidya’s FraudView solution will enable the Venezuelan operator’s analysts to track every data record (xDR) generated by its network and billing systems to quickly identify and address fraudulent activity, saving the CSP both time and money.

    Huawei is supplying the necessary hardware and third-party software to facilitate the upgrade of FraudView as cVidya is a key partner with the company’s NGBSS portfolio solutions. To simplify deployments, Huawei has pre-integrated cVidya’s FraudView with its leading CBS R5 Convergent Billing System and network infrastructure. In support of the upgrade, cVidya is also providing the Venezuelan operator’s staff with both basic and advanced fraud e-learning courses.

    “We have developed our Fraud Management solutions to be progressively more powerful and sophisticated in the six years since the Venezuelan operator first became our customer,” said Alon Aginsky, CEO and President of cVidya. “Once Huawei has integrated the new version of FraudView into the network switches and billing systems, the Venezuelan operator will be very well-equipped to counter fraudulent activity and ultimately save millions of dollars.”

    “Huawei’s extensive expertise in real-time charging, customer care, billing and network infrastructure, coupled with cVidya’s industry-leading solutions, can quickly save CSPs money while boosting the bottom line,” said Lee Yee, Vice President, Carrier Software Business Unit. “Our first full deployment for the Venezuelan operator took only nine months and realized a return on investment in less than 12 months. We expect this new upgrade to also deliver major business benefits.”

    Equipped with a compound rules engine, the new version of FraudView can detect complex fraud scenarios while its analytical detection engine supports advanced, near real time statistical analysis. A flexible and powerful reporting platform is also embedded in the new solution, significantly improving the system's detection and investigation capabilities.

  • 06 May 2015

    RT @GoBorderfree: Today we are pleased to announce that Borderfree is joining the @PitneyBowes team!
  • 06 May 2015

    RT @Telit_WS_Corp: #IoT Myths and Facts http://t.co/2bqrUguQVm via @IEGroup
  • 06 May 2015

    RT @Teads: UK digital ad spend, now a £7 billion industry: http://t.co/5zpgRdhDaD

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Since 2000, Viola Credit completed over 100 transactions and committed $600 million to Israeli companies with substantial revenue and growth momentum. As Israel’s premier private debt provider, we provide custom credit solutions to mid, late and growth-stage technology focused companies. The Viola Credit model is based on secured loans in consideration of interest and equity component. Our loans enhance growth and limit equity dilution for founders and management alike. An experienced investment team analyses each investment opportunity and tailors financing deals according to each company’s financial needs with focus on real extension of runway and flexibility. With deep credit, banking, technological and operational experience, the Viola Credit team enjoys excellent access to a broad deal-flow of opportunities, and has become the “lender of choice” to many of Israel’s most promising companies. A strong track of commitment to partnership has drawn companies and executives to return for 2nd and 3rd time deals.



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