• 27 Aug 2015

    Viola Private Equity Invests up to $28.4 million in Itamar Medical

    The investment will reinforce Itamar Medical’s financial strength and will be used to accelerate growth; Viola Private Equity General Partners, Jonathan Kolber and Sami Totah will join Itamar Medical’s Board of Directors

     CAESAREA, Israel, August 27, 2015 – Itamar Medical Ltd. (TASE:ITMR) and Viola Private Equity today announced a private investment in public equity (PIPE) deal, in which Viola Private Equity will invest up to $28.4 million in Itamar Medical.
    Through this deal, Viola Private Equity will become the largest shareholder of Itamar Medical and will work closely with the company's management to accelerate growth and market expansion.

    According to the investment agreement, Itamar Medical will issue shares to Viola Private Equity at the price of NIS 1.449 per share for consideration of $24.1 million. In addition, Itamar Medical will issue to Viola Private Equity, for no additional consideration, non-tradable warrants for the acquisition of up to 50% of issued shares for an exercise price of NIS 1.642 to NIS 1.745 per share.  

    In parallel, Itamar Medical announced that it will initiate a rights offering to existing shareholders to invest an additional $5.9 million under the same conditions of Viola Private Equity’s investment. Viola Private Equity committed to increase its investment by up to $4.3 million, in case of unexercised rights, reaching a total investment of up to $28.4 million.

    Following that, Itamar Medical reports that the Company has received from its major shareholders - Medtronic, Dr. Giora Yaron and Martin Gerstel - a notification regarding their intent to convert their existing $1.6 million shareholders loan to equity by participating in the rights offering, bringing the total investment in the Company to $30 million.

    Viola Private Equity and the major shareholders agreed that all of their shares in the company will be locked-up for a period of 18 months.

    As part of the investment, Jonathan Kolber, General Partner at Viola Private Equity and formerly the  CEO of Koor Industries Ltd., as well as Sami Totah, General Partner at Viola Private Equity and formerly the COO of Amdocs, are expected to join Itamar Medical’s Board of Directors.

    Viola Private Equity is a growth and buyout fund focused on growth-stage companies, private and public, with global presence. In April, Viola Private Equity announced successful fundraising of $250 million for its second fund. The investment in Itamar Medical is its third investment out of this fund, following investments in GlassesUSA.com and VATBox. Viola Private Equity in managed by four General Partners: Harel Beit-On, Jonathan Kolber, Sami Totah and Ayal Shiran. The fund manages over $410 million and among its recent exits are Mobile Access, Amiad Water Systems, Matomy and Orad. Viola Private Equity is a controlling shareholder of Degania Medical. Viola Private Equity is a member of the Viola Group, Israel’s premier technology-focused Private Equity group with over $2 billion under management. Viola Group recently announced a successful sale of Lumenis, a leading medical device company, to XIO Group for $510 million.

    Itamar Medical develops, manufactures and markets non-invasive medical devices based on a unique technology for the diagnosis of cardiovascular diseases and sleep apnea. The company has signed several global strategic agreements, including those with Medtronic, Inc. in the US, Viable Medical Investment Co. Ltd. in China, Philips Respironics GK, and Nihon Kohden in Japan.

    “The investment in Itamar Medical is an excellent example of Viola Private Equity’s investment strategy – a growth stage tech company, with a run rate of approximately $20 million in annual revenue, which is at a turning point in launching a new strategy,” said Jonathan Kolber, General Partner at Viola Private Equity. “The company has an outstanding management team that was recently recruited and benefits from the support of the founding investors. Our large investment is intended to further enhance Itamar Medical’s growth, its global expansion and product development. Viola Private Equity brings extensive operating experience in growth investments and we strongly believe in the outstanding potential of Itamar Medical.”

    “We praise Viola Private Equity on this investment. The fund examined the company’s activities in depth over the past months and its decision to invest in Itamar Medical is a vote of confidence in the technology as well as the growth potential in our main markets,” said Dr. Giora Yaron, Co-Chairman of Itamar Medical. “We are confident that the managerial experience and knowledge that Viola Private Equity brings will be most beneficial for Itamar Medical’s management and for the company’s continuous success, as well as the strengthening of its financial position and competitive advantage.”

    “We are pleased to include such a professional and leading fund such as Viola Private Equity as the largest shareholder among our existing, strong shareholders,” said Gilad Glick, CEO of Itamar Medical. “It was extremely important for us to enable our existing shareholders, who have believed in us and who have invested in our company over the years, to take part in this important investment round and hence we have reached an agreement with the fund that enables issuing rights in parallel. An investment of $30 million will enhance the execution of Itamar Medical’s growth strategy and the leveraging of the many financial opportunities we are identifying in the market. This investment, as well as Viola’s commitment to the company’s success, will help position Itamar Medical as a leading player in the cardiovascular diagnosis market. The current investment will strengthen Itamar Medical’s financial position and will enable accelerated growth.”

  • 10 Aug 2015

    VATBox.com Closes $24 Million Growth Round Led By Viola Private Equity

    Automated VAT recovery & governance solutions empower Global 2000 to  maximize VAT returns, ensure compliance and governance

    Tel-Aviv –  August 10, 2015 - VATBox, the leading cloud-based provider of automated VAT recovery and governance solutions, announced the closing of $24 million in a new financing round led by Viola Private Equity with participation of existing private investors. The funding will further fuel VATBox's aggressive growth plans and accelerate its expansion in the massive and growing market of VAT recovery and governance.

    VATBox was founded in 2013 by CEO Isaac Saft and President Noam Guzman. Leveraging their extensive experience in the enterprise software market, together with Comverse former SVP of Global Operations Yoram Hordan (COO) and a team of 60 employees, VATBox has become a significant player in the field of VAT recovery and compliance. The company has hundreds of multinational clients including global brand leaders and the Fortune 500.

    VATBox aims to replace current, ad-hoc manual VAT recovery processes, with an innovative, fully automated, data driven solution that maximizes returns and provides visibility and compliance across all global entities.  VATBox’s disruptive technology ensures that any cross border or unstructured VAT paid by the client will be captured, qualified, evaluated and recovered automatically.

    VATBox operates in many countries worldwide and is currently focused on expanding its presence in existing and new markets.

    Sami Totah, General Partner at Viola Private Equity, said: “VATBox's fully automated solution offers more money back and the required governance to clients, solving a long term pain around the complexity of dealing with VAT. The company’s track record with Fortune 500 clients provides significant market validation. We are excited to join forces with VATBox’s excellent team in building the category leader in the VAT recovery market."

    Isaac Saft, CEO of VATBox, added: “Indirect tax is a massive and significant expense for every global company. For decades, the VAT recovery market was controlled by manual service providers that offered inefficient, risky, non-visible and limited services, thereby forcing companies to leave billions of euros of VAT on the table, and leaving themselves open to significant risk. In today’s complex indirect tax environment, executives expect to control, forecast and optimize financial processes with technology.  Surprisingly, VAT recovery processes had not evolved since its initiation, and true governance was unheard of.  As the first and only tech player in this market, weprovide fully secure and easy-to-use solutions that maximize VAT recovery, while adding an essential compliance and governance layer that had not been available before. We are very excited to partner with Viola Private Equity as we continue to disrupt this accelerating market.”

    About VATBox

    VATBox is a global B2B SaaS company that provides automated VAT recovery and governance solutions to large, multinational companies. The company was founded in 2013 by CEO Isaac Saft and President Noam Guzman. VATBox provides innovative, fully automated, data driven solutions that maximize VAT returns and provide visibility and compliance across all global entities.

    For more information: www.vatbox.com or follow us on twitter @VATBox.

    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 $400 million 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 non-organic growth plans, scale operations, strengthen management teams and aim 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: www.violape.com

    Media Contacts

    VATBox

    Meira Primes

    CMO, VATBox

    meira@vatbox.com

    +972.58.459.6769 | +1.617.459.6769

    Viola Private Equity

    Hila Shitrit Nissim

    VP Marketing, Viola Group

    hilas@viola-group.com

    +972-54-4313156

     

     

  • 01 Jun 2015

    RR Media Delivers RAI Channels To Global Audiences
    RR Media (NASDAQ: RRM), a leading provider of global digital media services to the broadcast industry, has announced that it will commence delivering the Italian government channels RAI Italia, Rai News 24 and Rai World Premium to worldwide audiences from June 1, 2015. RR Media receives the channel content from RAI headquarters in Italy to its global media centers where content processing and conversion takes place. From there, RR Media delivers RAI Italia channels to North America, South America and Australia via its smart global network with optimized content delivery over satellite, fiber and the internet. RR Media delivers the RAI channels to over 150 TV service providers across three regions to audiences in the millions. RR Media experience in providing digital media services to governmental channels, offers RAI Channels access to content management and delivery services that provides greater reach and extended media capability to other parts of the world all with one company. This also includes a variety of value added services like IP delivery and broadcasts in HD. RAI c The RAI Channels are the most popular Italian channels abroad, so we wanted to work with a company that has the widest coverage to reach our audiences abroad. Shlomi Izkovitz manage and deliver relevant content to audiences across the globe. RAI Channels now receive greater services in other regions all from one company, RR Media. We are very happy to make the RAI channels”
  • 16 Aug 2015

    RT @viola_notes: Get to know Ofer Druker, Co-founder & CEO @MatomyGroup :-) http://t.co/iXGhCfgYVU #startups http://t.co/TkeGG7NUYE
  • 12 Aug 2015

    What’s it like working in a Private Equity fund? An interview with Viola PE’s Natalie Refuah http://t.co/NodPeZ4aiG via @viola_notes
  • 10 Aug 2015

    http://t.co/kXYFZmsVZp Closes $24 Million Growth Round Led By @violaPEquity! Congrats, Keep Growing! http://t.co/pFtMpTbEae

Our People

About

Viola Private Equity is an Israeli-based technology growth capital and buyout fund, focusing on investing in global companies at expansion phase.

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 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 non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. Our team searches for established companies that have strong product differentiation, a potential for leadership, a technological advantage and top-tier management teams. Viola Private Equity provides substantial equity commitment along with strong leadership to accompany its implementation. The general partners of the fund have led exits both through public offerings on NASDAQ and through significant M&A transactions in the US and Europe. Members of our team are proactively involved in each of our portfolio companies. We have guided many companies to global financial success. We work with our companies to formulate strategy in order to achieve superior returns. Above all, we believe in a culture of transparency, integrity and hard work, both within our fund and within our portfolio companies.

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Archive

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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: http://www.orad.tv/orad-and-kamakama-deliver-on-demand-real-time-video-highlights#sthash.7IVcfL8g.dpuf
    • 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: http://www.zend.com/training

      Attend the Webinar: Accelerate Your Career with Zend Certifications
      Wednesday April 9th, 8:30am PDT

       

    • RRSAT Reports Record Revenues of $32.5 Million For the fourth quarter 2013 ; up 10.5% year-over-year

      Record Full-Year Revenues of $121.8 Million, Up 7.4% from Year-Ago Period;
      Record High Next 12-Month Backlog of $92 Million
    • 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

    • RRsat posts $1.1M net income in Q3 2013

       

      Nov 13, 2013 (Menafn - M2 EQUITYBITES via COMTEX) --RRsat Global Communications Network Ltd RRST, a provider of comprehensive digital content management and global content distribution services to the broadcasting industry, on Tuesday reported GAAP net income of USD1.1m, or USD0.06 per diluted share, for the third quarter of 2013, ended 30 September 2013.


    • 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

      THE INVESTMENT GROUP SIGNED AGREEMENTS TO ACQUIRE PART OF KARDAN COMMUNICATIONS’ AND DAVID RIVEL’S HOLDINGS IN THE COMPANY. THE COMPANY IS TRADED ON NASDAQ AND PROVIDES MANAGEMENT AND CONTENT DISTRIBUTION SERVICES TO MORE THAN 630 TELEVISION AND RADIO STATIONS IN ISRAEL AND ABROAD * BEIT-ON, A FOUNDER OF THE VIOLA GROUP: “THE COMPANY HAS SIGNIFICANT GROWTH POTENTIAL, BOTH ORGANICALLY AND THROUGH THE ACQUISITION OF OTHER COMPANIES
    • 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.
More

Portfolio

All

FAQ

  • #01

    Fund Size:

    Viola Private Equity I – $164M
  • #02

    Stage of companies:

    Expansion phase
  • #03

    Areas of investment:

    New media, Software, Communications, Cleatech/Agritech, Med-Tech and Technology-Enabled Services
  • #04

    Selection Criteria:

    Technology-oriented

    Scalable management team
    Existing business model with a path to profitability

  • #05

    What else we look for:

    Israeli related companies
    Operating in global markets
    Place for value add

Contact

Viola Private Equity
12 Abba Eban Avenue
Ackerstein Towers Bldg. D
Herzeliya 47625 Israel
Tel: +972-9-9720500
Fax: +972-9-9720515
Email: info@violape.com

 

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