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”