Israel’s Magic Software Enterprises, developer of business software development and integration tools, said it is selling its wholly owned subsidiary Advanced Answers on Demand (AOD) to private equity firm Fortissimo Capital for $17 million in cash. Fortissimo is a special situations private equity fund founded by Yuval Cohen, a former general partner at Jerusalem Venture …
Continue reading “First Israeli M&A of 2008? Magic Software sells AOD for $17 million in Cash”
XIV, its technologies and employees, will become part of the IBM System Storage business unit of the IBM Systems and Technology Group. IBM has confirmed the acquisition of Israeli grid storage start-up XIV Information Systems for an undisclosed sum, but estimates are in the range of $300 to $350 million. XIV declines to comment on …
Continue reading “Lucky number 14: IBM acquires Israel’s XIV for $300 million”
Peter Thiel knows a thing or two about consumer internet. After all, he’s a PayPal cofounder, one of Facebook’s board members and its first investor ($500,000) way before its $15 billion valuation, giving him a hefty return of a billion. Thiel is known as a savvy investor with a ‘golden touch’ that tends to invest …
Continue reading “Peter Thiel gambles on the next internet hit – Israel’s Hooja”
