• 18 Aug 2016

    Optical communications co ColorChip raises $20m
    The Israeli company’s technology meets the growing need to help datacom manage all of the exponentially growing traffic.

    http://www.globes.co.il/en/article-optical-communications-co-colorchip-raises-20m-1001146611

    Israeli optical communications company ColorChip has raised $20 million from Gemini Israel Funds, BRM Group, IGP, Vintage, HGL Capital, and Viola Credit. Founded in 2001 by Dr. Shimon Eckhouse and Prof. Shlomo Rushin of Tel Aviv University School of Engineering, the Yokneam based company has raised $80 million to date including the latest financing round and its previous financing round of $25 million in November 2015. IGP, Gemini and BRM led previous financing rounds.

    ColorChip is a privately held Israeli company that provides cost effective, dense, hyper-scale transceivers and advanced optical splitters. The funding will enable the Israeli company to ramp-up operations and accelerate product development.

    With Internet services becoming more data intensive due to streaming HD video, virtual reality, cloud computing, and IoT devices, there is a growing need for new technologies to help datacom manage all of the exponentially growing traffic. ColorChip’s innovative optical communication solutions are well positioned to help solve the growing bandwidth demand of the web.

    ColorChip CEO Yigal Ezra said, “We have so much support and confidence from our investors and are going to utilize the funds to recruit additional employees as well as scale up our operations to better serve the growing demands of the Datacom market.”

    ColorChip has developed unique SystemOnGlass technology a hybrid optical integrated circuit. ColorChip uses glass wafers to industrialize its optical devices, allowing for cost effective, rapid, and highly scalable production. In essence, this allows the company to bring efficiencies commonly only seen in semiconductor fabrication to the world of optical communications.

    ColorChip is also unique in the Israeli landscape, since it not only develops its solutions but is also vertically integrated and manufactures its core technology in its wholly owned and operated state of the art fab in Israel. The fab utilizes the company’s unique IP and is a critical component of its core technology, positioning the company as a leader in the industrialized manufacture of optical assemblies. The company is targeting the high speed transceiver 40G/100G Datacom market, predicted to reach $1.7 billion by 2019.

    ColorChip is in the process of scaling up its operations, including hiring new employees in Israel, the US, and remote site facilities. The new funding will directly support these efforts.

    Published by Globes [online], Israel business news – www.globes-online.com – on August 17, 2016

    © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
  • 20 Jul 2016

    Cellwize enhances customer experience for Telefonica Group across South America

    Automated optimization enhances the customer experience for over 70 million subscribers

    London and Madrid, July 19, 2016 – Cellwize today announced that the Telefonica Group has chosen Cellwize’s Self Organizing Network (SON) solution to enhance the customer experience for over 70 million Telefonica subscribers in Argentina, Chile, Colombia, Ecuador, Peru, Uruguay, and Venezuela.

    Cellwize supports network complexity reduction and resource utilization maximization through its fully automated SON solutions, built to address the new requirements of the mobile customer journey. Cellwize’s SON solution enables mobile operators to enhance the customer experience and achieve more cost effective operations.

    Telefonica Group selected Cellwize for its South American networks based on the –ongoing deployments of Cellwize’s solutions at some of its main operating businesses, including Vivo (Telefonica Brazil), Telefonica Germany’s Eplus-O2 consolidated network and Telefonica 02 UK.

    The Cellwize SON solution is seamlessly deployed across Telefonica’s multi-vendor infrastructure and multiple network technologies. The South American deployment is provided in partnership with Bwtech, a regional system integrator specializing in the development and integration of RAN solutions.

    “Telefonica is committed to provide customers with excellent connectivity with the highest quality and the best user experience. To enable our end-to-end digitalisation, we are collaborating with innovative partners such as Cellwize,” commented Juan Carlos Garcia Lopez, Global RAN Director at Global CTO. “We are confident in Cellwize’s ability to deliver results based on their past successes, know-how and global footprint. Cellwize proved to us that their solution offers the intelligence and insight required to continuously optimize the subscriber’s journey in a fully automated and closed loop manner”.

    “Cellwize specializes in providing an advanced and independent optimization solution that orchestrates with precision across all vendors and technologies to enhance the customer mobile journey”, said Ofir Zemer, CEO of Cellwize. “We are proud to continue our strong relationship with Telefonica, to help simplify network complexity to maximize resource utilization and subscriber satisfaction.”

  • 07 Jul 2016

    Viola Group Exit: RRMedia acquisition is completed!
    MX1 Reveals New Company Brand as a World-Leading Media Services Company.

    The First Media Globalizer, Created by the Merger of SES Platform Services and RR Media, Will Present Its Full Range of Services at IBC2016

    MUNICH, GERMANY and AIRPORT CITY, ISRAEL--(Marketwired - Jul 6, 2016) - Following the leading satellite operator SES's (Euronext Paris and Luxembourg Stock Exchange: SESG) successful completion of the acquisition of RR Media and the latter's merger with SES Platform Services, MX1 is the name of the new merged global media services company. MX1 leverages the capabilities and infrastructure of both companies to offer a full suite of innovative digital video and media services. The world's first media globalizer, MX1 works with leading media businesses to transform content into the ultimate viewer experience for a global audience, amplifying the value of the world's media content.
    Bringing it all together for the first time, MX1 aims to be the new number 1 in Media eXperience. The company provides highly optimised content management and distribution services for premium content, utilising the combined global networks of the merged companies, as well as their cloud technologies, to maximise audience reach over multiple screens and increase monetisation opportunities for customers. These services include a comprehensive range of high-quality video and media solutions delivered over satellite, fibre and the internet.
    MX1 offers full continuity and enhanced services to all of SES PS's and RR Media's existing customers and partners. Together, MX1 distributes more than 1,000 TV channels, manages the playout of 440 channels and delivers syndicated content to more than 120 leading subscription VOD platforms. The new company has 16 offices worldwide and operates six global state-of-the-art media centres, enabling customers to reach billions of people around the world.
    Avi Cohen, former CEO of RR Media and newly-named CEO of MX1, said, "This is an exciting day for us as we introduce a new company to the industry and our new brand name and logo. MX1 enables new richer viewers' experiences, the widest audience reach, and new business models for broadcasters, rights holders, sports organisations and distributors. We deliver these experiences like no one else, with unrivalled expertise, an unmatched range of capabilities, proven flexibility, and an enhanced global presence. This merger allows us to scale-up on a global basis and become the world's leading media services provider, delivering next-generation digital video and media solutions to our worldwide customers. Closer to them, wherever they are, we enable them to optimise their media and deliver it to global audiences like never before."
    "MX1 brings a new kind of business to the market, serving global customers as a complete end-to-end media experience provider. We look forward to presenting our new complete global offering and the management team at IBC Amsterdam in September," continued Cohen.
    MX1 will present its full range of services at IBC2016 at the RAI Amsterdam, 9-13 September (Stand no. 1.B24).
    About MX1
    MX1, a wholly-owned subsidiary of SES (Euronext Paris and Luxembourg Stock Exchange: SESG), is a global leading media services provider. The world's first media globalizer works with leading media businesses to transform content into the ultimate viewer experience for a global audience. With more entertainment, more innovation and more impact, MX1 offers a full range of content management, delivery and value-added digital media services. Together, MX1 distributes more than 1,000 TV channels, manages the playout of 440 channels and delivers syndicated content to more than 120 leading subscription VOD platforms. The new company has 16 offices worldwide and operates six global state-of-the-art media centres, enabling customers to reach billions of people around the world. To find out more, visit www.mx1.com and follow us on Twitter and Facebook.
    CONTACT INFORMATION
    Corporate Contact: 
    Elad Manishviz
    Tel: +972 3 928 0808

    Media Contacts:
    Marilyn Gerber
    Cutler PR (US)
    Tel: +1 917 225 2977
    Email Contact

    Lindsey Lee
    Cutler PR (UK)
    Tel: +44 (0) 7766 447897
    Email Contact
  • 28 Sep 2016

    Harel Beit-On, of Viola Growth, at the EY #Journey2016 conference with Rishad Tobaccowala of Publicis. https://t.co/fpncKhkSG0
  • 26 Sep 2016

    Shlomo Dovrat on stage at the China-Israel investment Summit of Calcalist and Infinity. Talking about “Global Trend… https://t.co/YZGlYQ0383
  • 08 Sep 2016

    RT @sdtimes: GigaSpaces launches the next-generation #Apache Spark distribution https://t.co/rLAz5o3W1N

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Viola Credit is a lending fund that helps companies extend their runway with minimal dilution to owners & founders

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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