Venture Capital and Early Stage Tech Startups with a Spotlight on Israel

Brazilian Optics Giant Buys Israel’s Civcom for $40M

Welcome to VC Cafe. If you're new around here, you may want to subscribe to our feed and get daily updates for FREE.

civcomNot only Microsoft is buying up Israeli start-ups. Brazilian optical network solutions giant Padtec has paid $30-40 million for Civcom, an Israeli pioneer in the development and manufacturing of cost saving optical solutions for communications, test and measurement, and military applications. The move comes on a wave of rapid expansion for Padtec as it seeks to become a major player in the international optical communications market.

According to Jorge Salomão Pereira, CEO and Head of Technology Division at Padtec,

“The Civcom acquisition is much more than a typical company acquisition. It represents a great opportunity to offer competitive solutions to the high speed optical communication market.”

Meron Raz, CEO of Civcom, adds that the acquisition will “will increase [Civcom's] worldwide market share and will add leading knowledge and more capability” to their products and technology.That buyout doesn’t exactly break the bank for Civcom’s investors Pitango, JVP, Concord, Ascend, Formula, and Morris Kahn’s Aurum Ventures. They invested nearly $38 million in the company. But hey, you win some, and you break even on others.

For more on this check out Padtec’s press release or an interview with Padtec’s CEO.

By Dani Dechter

Related posts:

  1. Invest in Israel: March 2008 Newsletter Happy Monday. In case you invest in Israeli traded stocks...
  2. Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million iamba, an Israeli startup that develops optical communication systems for...
  3. VMWare Snatches B-Hive, Opens R&D Center in Israel VMware (NYSE: VMW), the leading developer of virtualization solutions, has...
  4. VM Ware, Behind You: MSFT Buys Israeli Virtualization Startup Kidaro Microsoft likes the flavor of Falafel - that’s one explanation...
  5. Reuters buys Israeli start-up ClearForest ClearForest has developed text analysis solutions for business intelligence...

Related posts brought to you by Yet Another Related Posts Plugin.

March 13, 2008 |
Filed Under Ascend, Civcom, Concord, Formula, M&A, Morris Kahn, Pitango, jvp

 

Comments

One Response to “Brazilian Optics Giant Buys Israel’s Civcom for $40M”

  1. Neil Kadisha » Blog Archive » Civcom on April 17th, 2008 6:28 pm

    [...] Established by a team of leading researchers from Tel Aviv University and industry veterans, Civcom is poised to meet the escalating demand for timely delivery and cost effective infrastructure for [...]

Leave a Reply