Corporate Factors

BRM Capital is a dynamic venture capital fund investing in early stage, Israel-related software, internet infrastructure, and communications companies. We offer both investors and entrepreneurs one overridingly unique benefit: our passion. We share the passion of our portfolio companies - not just for fiscal success, but for creating and bringing to market technology that improves business processes and quality of life for people worldwide. We harness the talent of committed team players who have been involved in some of the largest investments in Israeli hi-tech – from CheckPoint in the 1980's to Passave in recent years. Hand in hand with visionary entrepreneurs, we leverage our passion for growth to create the next generation of Israeli technology success stories. For Entrepreneurs, By Entrepreneurs BRM is made up of individuals who are first and foremost entrepreneurs. Each member of our senior team has founded, managed, grown, and exited numerous technology success stories. That's why we so successfully connect with entrepreneurs - we've been in their shoes, and we speak their language. A Passion for Disruptive Technology BRM Capital seeks out and invests in young companies with market-changing or disruptive technologies, which we can help build into serious market players. Leveraging the right combination of experience, instinct and vision - we excel at helping young companies find the best path to technology commercialization and market leadership. Together, we navigate the decisions an early-stage company needs to make during its crucial, formative stages of development. The Personal Touch BRM Capital offers all the benefits of a world-class VC fund, together with the advantages and personal service of a small, accessible fund. Our personal commitment to our portfolio companies is unrivalled. With a low partner-company ratio, our portfolio companies benefit from the intimate, day-to-day involvement of our senior partners throughout their life cycle. And, since our partners are true industry veterans, our companies benefit from a broad network of decades-old personal relationships across multiple sectors and industries, enabling us to open doors internationally and locally.

Carmel Ventures helps build great ideas into exceptional companies and talented entrepreneurs into genuine leaders. As investors with a significant track record, we have individually and collectively gone through every stage of the company building lifecycle, and our perspective – drawn from both sides of the investment equation – is based on real life experiences. Carmel's team is made up of individuals who are first and foremost entrepreneurs. We have been in their shoes and speak the same language, which enables us to partner with them easily. Our investment team brings a wide range of road-tested skills to the table, developed in over 20 years of achievements in technology markets. Working closely with our entrepreneur partners, we have helped them to manage, grow, and successfully exit their technology ventures. Many of our companies have demonstrated substantial revenue momentum and are currently recognized by leading analysts as category leaders. We invest primarily in early stage companies in the fields of Software, Communications, Semiconductors, Internet, Media, and Consumer Electronics. With over $600 million currently under management, several successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel’s top-tier venture capital firms.

Cedar Fund is a venture capital firm, investing in high technology companies. Cedar Fund seeks to invest in outstanding entrepreneurs pursuing high growth markets with distinguished technologies in the telecommunications, networking, Internet-infrastructure and enterprise software areas. While the fund invests in all stages, it specializes in early stage, Israel-related situations, including Pre-Seed®, seed and first round, where it believes its strategy and capabilities offer the greatest potential. With its quality investment track record and over $225 million under management, Cedar Fund is among the largest and most notable venture capital firms focusing on Israel-related, early stage investments.

The Challenge Funds I and II - ETGAR L.P. The Challenge Funds are two Delaware limited partnerships focused on equity investments in Israel-related privately held and publicly traded companies. The Funds seek to invest in companies with superior management teams and unique technologies in rapidly growing markets. The Funds' investments are based on two major categories: * The high-tech sector and related areas. * Traditional industries. The Funds' policy is to work closely with portfolio companies in order to build highly successful enterprises. History The Challenge Fund - Etgar L.P. ("Challenge Fund I") was founded in July 1995. After Challenge Fund I invested over 90% of its capital, a second fund, The Challenge Fund - Etgar II L.P. ("Challenge Fund II"), was established in 1999. Challenge Funds I and II are registered in the State of Delaware, with offshore affiliate funds. Currently, the Funds have a capital base in excess of $200 million, making them one of Israel's leading sources of private investment capital. Investors in the Challenge Funds include a highly distinguished group of American and European investors. In addition to new investors, most of the parties who invested in Challenge Fund I also invested in Challenge Fund II. Mission The purpose of the Challenge Funds is to generate superior returns for investors by building a diversified portfolio of Israel-related companies. Investment Scale Challenge Funds I & II have invested more than $150 million in over 70 companies. To date, the Funds realized 35 successful exits including 10 IPOs on NASDAQ and 4 successful sales. Investments are limited to 25% of a company's equity or $15 million, whichever is greater. Additionally, the Funds may not invest more than 20% of their committed capital in any single company. Investments are generally made on a preferred equity basis. The Funds seek representation on the Board of Directors of their portfolio companies, but do not aim to actively manage them. Criteria for Investment The Funds' investment professionals take into consideration a number of factors when making investment decisions: * A unique product or technology aimed at rapidly growing markets. * Superior management team and board of directors. * Potential strategic partners or investors in the company. * Growth potential of the company. * Competition and barriers to entry and/or unique patents. * Financing required for further expansion and cash flow needs. * Likelihood of attractive return on investment * Liquidity channels to provide suitable exits within a reasonable time frame. * Ability to monitor the company's activities. Management The Funds are managed by Challenge Partners (the "General Partner"), headed by Joseph Ciechanover and a team of experienced professionals (the "Management Team"). The Management Team's executives come from diverse professional backgrounds, including high tech, industry, finance and law. The Funds' distinguishing characteristics are the unparalleled experience and breadth of contacts of their principals. These assets are marshaled to locate and evaluate high-quality investment opportunities and to assist the Funds' portfolio companies through board representation, close consultation with management and targeted industry introductions.

Concord Ventures is one of the leading venture firms in Israel. With $260 million under management, we concentrate our investments in early and later-stage companies in the areas of: * Datacom and Telecommunications * Software Applications and Internet Infrastructure * Semiconductors * Medical Technologies Our approach is characterized by focused industry expertise and unparalleled commitment to our portfolio companies. We offer entrepreneurs a true partnership, in which personal commitment, ongoing involvement, and access to our broad range of contacts and relationships are just as important as the capital investment. We dedicate substantial time and resources to companies in our portfolio, taking an active role in strategic planning, recruiting, business development and corporate partnerships. Our general partners are all experienced professionals with a deep understanding of Concord's target sectors. They have successfully implemented this value-added investment style in Nitzanim Venture Fund and Concord I, and are currently applying it to Concord II.

We are rolling up our sleeves and help our portfolio companies to reach value-added milestones. We approach each investment as a long-term commitment and expect the same dedication from the entrepreneurs and managers with whom we work. Typically, we are early stage investors and act as the lead investor. We often represents the first venture capital investment in a company with initial investments range from $1 million to as much as $3 million. In general, we commit between $1 million and $10 million in multiple rounds of financing as the company develops. Once an investment is made we support the company in selection of key management personnel, strategic development and involvement in all other vital business activities. We assign one of our partners to each investment. Assignments are made based on the past experience and sector specializations of our partners. We bring the diverse and profound backgrounds of our partners to each investment. Each partner has experience in both operating and venture investing. We have the ability to guide our companies through the challenges of expansion and growth and devote all of our time and resources to this stage of a company's development. Our focus is to support and to help build our companies into market leaders. Once a portfolio company has built sufficient momentum and experienced management is involved, we will transition from a more intensive role to one of active board participation.

Founded in 1961, Discount Investment Corporation Ltd. (“DIC”) remains one of the largest and most prominent holding companies in Israel. Since its foundation, DIC has initiated and invested in companies and business enterprises in a variety of sectors, and it operates in the major intersections of business activity in Israel. In accordance with its strategy and financial strength, DIC invests in domestic companies that are industry leaders or in export-oriented companies with strong growth potential. DIC is active in the direction and management of its portfolio companies. In addition, DIC assists portfolio companies in raising capital both in Israel and abroad. DIC constantly examines the contribution of the various operations to its business and strives to identify investment opportunities that suit its strategy, in order to maximize value to its shareholders. DIC has holdings in companies that are local market leaders in their specific fields such as : * Cellcom - largest cellular operator in Israel (53%) * Super-Sol - largest grocery retail chain in Israel (40%) * Property and Building Corporation - one of the largest real-estate group in Israel (68%) * American Israeli Paper Mills - largest manufacturer of paper & paper products (21%) * NetVision - leading ISP and international call provider (33% directly and 49% indirectly) In addition, DIC has holdings in Israeli-based international companies such as: * Makhteshim Agan - a world leading manufacturer of generic agrochemical products (DIC holds 50% of Koor Industries which hold 40% of Makhteshim) * Elron - high-tech operational investment company (49%) * Given Imaging - medical devices (16% directly 27% directly and indirectly) * Global Village Telecom - Brazilian communications service provider (3.8%) * Ham-Let - instrumentation products (45%) The company's shares are traded on the Tel Aviv Stock Exchange under the symbol DISI.

Eurofund supports entrepreneurs exploiting new business opportunities and creating sustainable enterprises through long-term relationships. Our general partner and investment team are focused on long-term value creation through innovation and disciplined execution that are crucial in building successful enterprises. We take an active role and make significant contributions to the companies we back, often leading or co-leading the investments and usually serving on the boards of directors of our portfolio companies. Our investment team leverages the global resources of our strategic partners who are industry leaders in their respective domains. These partners also offer us their due diligence insights and our portfolio companies access to business development opportunities around the world. Eurofund is well positioned to add real value, both technological and commercial, to its portfolio companies.

A tradition of constant renewal Evergreen was established in 1987 by Jacob Burak as one of Israel's first Venture Capital firms, and has grown into a leader, generating successful exits with tangible rewards for investors and entrepreneurs. Evergreen's current $650 million of venture capital funds under management invested in more than 120 technology companies represent one of the largest portfolios in Israel. Evergreen's investments are focused on early stage Israeli companies in three main fields: communications, software and healthcare. Our investments are positioned in different segments of each of these markets to comprise a well diversified and balanced portfolio of companies. A professional investment team with extensive field expertise guides and supports entrepreneurs and portfolio companies throughout their life cycle, helping them to build a good idea into a leading company. With each member coming from a different background and contributing distinctive benefits, the investment team delivers a unique set of technical, operational and strategic skills. Evergreen has established strong ties with technological markets, creating an eco-system, from which we extract knowledge, understanding of the market needs and at the same time creating a valuable network to support our portfolio companies. Evergreen sees its entrepreneurs as a key asset and therefore invests in the relationship to build a true partnership. Consequently many of Israel's successful serial entrepreneurs have approached Evergreen with their next venture. Evergreen team's disciplined investment strategy has been crystallized through more than 14 years of investment experience as a team and is one of the key elements responsible for Evergreen's high rate of successful exits resulting in superior returns. Evergreen is directed by deep values of shared responsibility, rich interaction and dialogue, and hard work - its guiding principles since inception. We strongly believe in the continuity of our corporate culture which emphasizes investment in human capital, disciplined processes, professionalism and true leadership.

Formula Ventures was founded as the successor fund for Argotec, a Formula Group company. Formula Ventures manages two venture funds – FV-I established in late 1998 and FV-II established in early 2001. The roots of Formula Ventures are in Argotec, the early stage investment arm of the Formula Group. Argotec was established in 1993, and managed by Shai Beilis from early 1995 to late 1998, as a wholly owned subsidiary of the Formula Group, to invest in early stage Israeli Information Technology companies. Argotec was a holding company with eight portfolio companies in which it held majority interests. Argotec actively nurtured its portfolio companies and assisted them in building management teams, forging strategic relationships and taking them public. Argotec helped build companies such as Wiztec Solutions and Crystal System Solutions, both of which went public on NASDAQ in 1996 and 1997 respectively producing extraordinary returns. During the same period the start-up environment in Israel had undergone dramatic changes. Aided by an initiative of the Israeli government, a local venture capital industry emerged. The availability of capital, coinciding with the explosion of the Internet, swelled the ranks of Israeli entrepreneurs and grew the number of investment opportunities exponentially. Recognizing the unique value it could offer to both entrepreneurs and venture fund investors, the Formula Group decided to spin out a venture capital group – Formula Ventures. Formula Ventures’ strategy was clear and straight-forward: provide true added value to early stage technology companies. To that end Formula Ventures built a professional team with deep Information Technology operational experience and broad coverage of the communications, data communications, Internet, enterprise software, engineering software and semiconductor sectors. Formula Ventures I was established in late 1998 with Shai Beilis as Managing Partner. In 1999 FV-I completed its financing, at the time as the largest first time Israeli fund and the largest early stage - focus Israeli fund. The portfolio of FV-I grew from six companies in 1998 to twenty in 2000, divided among communications and data communications infrastructure, Internet infrastructure and enterprise software. In early 2001 FV-II was launched as a successor fund and third investment vehicle managed by the Formula Ventures team. FV-II practices a strategy of local source – global nurture, selecting the best of Israeli technology companies and nurturing their development in their target markets. Formula Ventures is aided in this strategy by its strategic partners – Formula Group in Israel, VantagePoint Venture Partners in the U.S. and UBS Capital in Europe.

Gemini investment focus: Seed and Early Stage Companies Investment geographical location: Israel Sectors: Communications & Wireless, Consumer Electronics, Enterprise Software, Greentech, Internet and Semiconductors Funds managed: $700 million Number of funds: Five: vintage 1993, 1997, 2000, 2004, 2008 Founded in: 1993, the first fund of the Israeli Government’s Yozma program Active companies: ~35, each partner typically has four Board seats Successes: Over 20 M&As and IPOs including AbirNet, Business Layers, Butterfly, Ceragon, Commtouch, Diligent, Itemfield, Jacada, Mellanox, nLayers, Ornet, Precise, RadNet, Riverhead, Saifun, ServiceSoft, Traiana and Verisity Investors: Some of the world’s top fund-of-funds and institutions including MIT, Invesco, Calpers, Grove Street Advisors, Morgan Stanley, Wilshire Associates, Spur Capital, Offit Hall and Horsley Bridge Number of Investment Professionals: 13

GIZA VENTURE CAPITAL established in 1992, is a pioneer investor in seed and early-stage technology companies. Giza currently manages four funds totaling about $500 million. Giza has investment professionals with a wealth of expertise and experience in Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet & Entertainment. Giza has invested in 87 companies in the sectors of Communications, Information Technology, Enterprise Software and Life Sciences, with 32 exits. Giza's vision in recognizing future technology leaders led to the following winning investments; Actimize (acquired by NICE Systems), Prosight (acquired by Primavera Systems), Olplus (acquired by Intel), Cyota (acquired by RSA), X Technologies (acquired by Guidant), Precise (NASDAQ:PRSE, acquired by Veritas), Oridion (SWX:ORIDN), Zoran (NASDAQ:ZRAN), M-Systems (NASDAQ:FLSH), DSPG (NASDAQ:DSPG), Butterfly (acquired by TI), DSPC (acquired by Intel), Libit (acquired by TI), Scorpio (acquired by US Robotics) and Telegate (acquired by Terayon). All the fund's partners have previously held key executive positions at leading technology companies or financial institutions. Their combined expertise empowers the team's effective decision-making and problem solving capabilities and accounts for the fund's hands-on approach in working closely with its portfolio companies. Giza invests in seed and early-stage companies in the sectors of Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet, Gaming & Entertainment. The Fund brings significant added value to its portfolio companies post-investment, through involvement at board level as well as providing active support in strategy, marketing, financial and personnel-related decisions.

IHCV is open to investment opportunities at all stages of a company's growth, from seed funding, through initial rounds, to corporate acquisition. We invite entrepreneurs and companies that are active in any life sciences field in Israel to contact us with an investment proposal. First steps Call us at 972-3-648-8566 to introduce yourself and your idea. Then, send us your business plan or executive summary, together with an outline of your investment needs. We'll do some basic research to evaluate your proposal and, if we decide to proceed, we'll set up an initial meeting. The next step we will take is to do more in-depth research, to check the science behind your idea and learn more about the market and the people who lead the company. During our due diligence, we consult with worldwide experts in the relevant market and technology field. The investment decision Because we know that, in today's highly competitive world, time is of the essence, the IHCV team is committed to making fast investment decisions. Getting down to work Having made the decision to invest, we then take rapid action to provide whatever support or advice can be most valuable. An IHCV executive takes a board seat on every company we invest in . We want to be involved with all our portfolio companies, and you can be assured we will work hard to achieve the success we are all hoping for.

Corporate Profile Israel Seed Partners takes a hands-on approach to supporting and nurturing seed-stage investments. Our investments are complimented by solid teamwork and a passionate commitment to building world-class companies. Founded in 1995, Israel Seed Partners has raised four funds, totaling close to $300 million, which focus on Israeli information technology and life sciences companies. Our investments are typically in seed and very early stage funding with a commitment to work with our companies on their next stages of funding. Investment Strategy Our strategy is based on channeling the talent and ideas of entrepreneurs and transforming them into cutting edge technologies and successful companies. We believe that with the right guidance, insight and involvement our investment is more than financial. It is this deep dedication and close teamwork that makes our approach to investments unique. The professional resources we provide focus on the key operational and management support start ups need to get going. Whether it's human resources recruitment, legal counsel or financial planning, our professionals work hand-in-hand with companies to assure delivery of desired and timely advice and involvement. A Fund. A Family. ISP partners are entrepreneurs. We started like a start up and continue to operate in that mode. We move fast, are agile and are completely independent. This means that we can make decisions and deals quickly. We do not have an investment committee. It's just the team of partners. We get in a room and make our decisions. When we say we are a team, we mean it. It is actually more like a family. All of ISP's partners bring their experience, network of contacts and expertise to each of our portfolio companies. Moreover, as a family we all work together and help one another and leverage our extended family to the hilt. Our investors are also a resource to our entrepreneurs. Our network of contacts serves our portfolio companies, and we leverage our buying power as a fund to get the most for our companies. We at Israel Seed are with our entrepreneurs for the long haul and see the results of our successes as being rooted in the nurturing and backing we provide every step of the way.

Individual Members: For individual members, IVN represents a place to network among like-minded peers – leaders in the business community in Israel and the US. It also represents a way to become informed about and involved in key social issues facing Israeli society. Members are encouraged to volunteer and initiate new projects under the IVN umbrella. Corporate Members: For corporate members, IVN is an opportunity to reach potential business partners and customers through sponsorship of programs, events and publicity in IVN material. It is also an opportunity to become associated with issues that are of concern to their constituency through an organization that emphasizes transparency, quality management practices and volunteerism. IVN corporate members demonstrate in an effective way their commitment to Corporate Social Responsibility (CSR). Federations: For Jewish Federations, a partnership with IVN is a way to enrich the relationship with their 'partner cities' and/or to become involved in a national issue of concern to their community (e.g., Ethiopian immigrants, English language, etc.). IVN's transparency, project management skills, proven success in the field and professional reporting are key assets that we bring to these types of partnerships. IVN’s great attraction to Jewish Federation volunteers is that it offers partnerships with Israeli philanthropists who are changing the standard dynamic of US as donor and Israel as recipient. A partnership with IVN enables the Overseas Committees of Jewish Federations to carry out the responsibilities of their charter in a uniquely effective way. Private Foundations: Private foundations in the US and in Israel have the opportunity to support specific initiatives based on their strategic priorities. IVN's transparency, project management skills, proven success in the field and professional reporting are key assets that we bring to these donors. Private Foundations in Israel are also keen to encourage Israeli philanthropists and volunteerism in Israel.

JVP is a leading Israeli venture capital fund with a unique international network, focusing on building technology-based market leaders in the areas of media technologies & enterprise software, semiconductors & innovative materials and communications & networking. With over $680 million under management, headquarters in Jerusalem, investment offices in New York and London and business development offices in Tokyo and Shanghai, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets.

85 Medinat Hayehudim St, 14th floor, Business Park, Herzlia Pituach 46140, tel 09-9701801, fax 09-9701889

Magma is Israel's leading venture capital firm specializing in early-stage investments in communication and semiconductor technology. We seek bright ideas, infuse them with experience and foresight, and facilitate their rise as industry leaders that redefine the global communications sector. We use our experience and sector specialization in cooperating with entrepreneurs, industry experts, and other investors to define the future of communication and semiconductor technology. Our goal is to foster and enable the flow of innovation from an idea's early stages and through a company's emergence as a leader within its dynamic market. We understand the local market and help to influence the global one.

Ofer Hi-Tech was established in 1997 as a subsidiary of the Ofer Brothers Group, one of Israel's leading industrial and commercial conglomerates, with strong international presence. The team was assembled to support private equity investments in the pioneering and rapidly expanding IT and life science industries in Israel. We are committed to advancing technological entrepreneurship in Israel by supporting pre-seed and seed technological research and development companies in both life sciences and IT sectors. A culture of innovation and entrepreneurship combined with world-class academic institutes, medical centers, and research facilities, Israel has a broad range of cutting-edge technological advances that is the foundation of successful companies. As a team, we pool our diverse background and leverage our operational and finance experience to accompany portfolio companies along the path to success. With almost a decade of successful investing activities and over $100 million in assets under management, Ofer Hi Tech has become a first choice for entrepreneurs and a respected partner in the investment community.

Pitango Venture Capital is Israel's largest venture capital firm and a lead investor in seed, early and expansion stage companies. It has helped grow over 100 companies, managing funds in excess of $1.3 billion in committed capital. Pitango's exceptional rate of successful ventures is rooted in the unwavering dedication of the Pitango team. Each member brings extensive experience in international management and new venture development. The team's unique hands-on approach and personal involvement in each portfolio company is reflected in dedicated and informal working relationships with entrepreneurs. Our knowledge and expertise is used to nurture and guide, opening up exciting opportunities for our invested companies. About Our Name The Pitango is a semi-wild cherry that grows in almost every Israeli neighborhood. Finding the ripened Pitango fruit takes persistence, as the best Pitangos are always the hardest to find. To enjoy the Pitango fruit at its finest, one must have a venture capitalist’s eye for opportunities. The best ones hide within the dense foliage, posing a challenge to reveal, that which is hidden to others. This requires experience, perfect timing, skillful handling and a very keen eye for opportunity. This Pitango picking know-how is mirrored in our team’s ability to discern the most remarkable opportunities for our investors and invested companies. We believe that the life cycle of the Pitango, as described above, truly reflects our values and our experience.

Plenus is the only Israeli Venture Lending Fund, providing fully secured equity-based credit facilities/loans to revenue stage technology companies. Plenus Venture Lending was founded in September 2000 to answer market demand for alternative funding sources. Leveraging its strong relationships with the global venture capital community, Plenus designs credit facilities focusing on enhancing growth and limiting equity dilution. In July 2002 Plenus merged with Golden Gate, an Israeli based Bridge fund. In 2005 Plenus raised its second Venture Lending fund, and in 2007 it closed its third fund, Plenus III. Plenus Venture lending has a total of over $200mm under management. It has completed over 50 deals to date of over $200mm total credit facilities. Investors in Plenus Venture Lending include blue chip Israeli institutions such as insurance companies, pension funds, and banks. In 2006 Plenus Mezzanine was founded and has had its first closing. Plenus is affiliated with Viola Partners, which manages over $1billion. The Plenus team's dynamic combination of financial and operational experience is the key that has enabled the fund to grow such a successful and diversified portfolio and become a real partner to its portfolio companies.

Founded in 1990, Poalim Capital Markets is a leading Israeli investment bank, and a subsidiary of Bank Hapoalim, Israel’s largest financial group. In the last 17 years, it has played a major role in shaping the Israeli capital market. As a full-service investment bank, we offer our clients depth, breadth, and flexibility in tailor-making our financial products and services, enabling us to meet our clients’ financing needs at every stage of their dynamic business life cycle. Poalim Capital Markets also manages a $650 million group of different Private Equity funds, making it a unique platform for such activity. Along with our strategic partners, William Blair & Company in the US and Bridgewell Securities in the UK, Poalim Capital Markets offers end-to-end, best-of-breed international investment banking solutions. Together with our partners we offer clients access to the world’s most important capital markets with outstanding execution capabilities to support our clients’ international growth, capital and value formation strategy. The services offered by Poalim Capital Markets include: * International Corporate Finance: Public Offerings, Private Placements, Mergers and Acquisitions and Advisory Services * Local Underwriting * Private Equity Funds: Venture Capital, Healthcare, Real Estate, Fund of Funds * Equity Investments * Research Services

Solidly positioned on the Israeli Venture Capital map since April 2000, ProSeed has recently taken major steps in establishing itself in the forefront of the VC market, providing funding as well as hands-on managerial assist and analytical support to capable technology based enterprises. ProSeed has spreads its wings in all investment directions from seed to IPO, specializing, however, in companies that require early stage financial support. ProSeed, together with the Technion Research and Development Foundation (TRDF), played a central role in initiating and establishing the Technion Incubator, with major venture capital firms including, Vertex, Vitalife and Battery along with the Technion-Israel Institute of Technology. The Technion Incubator is widely accepted as Israel's leading technological incubator.

The Tamir Fishman Group is Israel’s leading and fastest growing full-service financial group. Our professional team strives to help our prominent clients achieve their unique goals by optimizing investment strategies based on comprehensive research, adherence to our strict methodology and high levels of integrity. Through our strategic partnerships with RBC Capital Markets, Altium Capital and AXA Investment Managers, we give clients access to global markets, benchmark research and world-class investment products. Our full-service approach enables us to meet our clients’ financing needs at every stage of their dynamic business lifecycle. The host of domestic and international investment banking services we offer include: * Corporate Finance: public offerings, private placements, debt, M&A and advisory services * Local Underwriting of public offerings on the Tel Aviv Stock Exchange (TASE) * Local and Global Asset Management: portfolio management, mutual funds management and derivatives * Venture Capital * Real Estate Fund Eastern Europe * Equities Research * Management and outsourcing of corporate benefits services and trustee services Tamir Fishman Facts & Figures * Total assets under management: $4 billion * Managed global corporate-finance transactions in excess of $5 billion for Israel-based clients * Employees: 185 in Tel Aviv * $670 million in portfolio management and mutual funds * $2.8 billion in SOP management * $200 million in venture capital

Our commitment Veritas is dedicated to providing entrepreneurs with a fast and discreet reply. We try to be responsive to what is often the entrepreneur's greatest need - a sensitive ear - before and after our investment is made. While we attempt to add value to our portfolio companies in all facets of their development, we believe that the most valuable input we provide to entrepreneurs is listening to them and accompanying them in what can be a lonely climb to the top. Top of Page » Unrivalled experience Established in 1990 by Yadin Kaufmann and Gideon Tolkowsky, Veritas is Israel's most seasoned venture capital firm. Our principals have gained unparalleled experience in the technology investment cycle, having provided early-stage financing and close post-investment support to Israeli companies since the mid-1980s. A number of these companies have had successful public offerings in the US, or have been acquired by larger corporate entities. Veritas's principals were involved in providing first-round financing, in most cases as lead investor, to Gilat Satellite Networks Ltd., ESC Medical Systems Ltd., M-Systems Flash Disk Pioneers Ltd., Harmonic Lightwaves Inc., Class Data Systems Ltd., Mercury Interactive Corp., Ubique Ltd. and Accord Networks Ltd., among others. Several of these companies today enjoy billion-dollar market capitalizations. Top of Page » Our approach to investing Veritas is a long-term player. We typically lead investments in companies at the earliest, highest-risk phase of their development, and we expect to continue working closely with the entrepreneurs and to provide financial support throughout the investee companies' funding cycles. Our managerial philosophy involves careful selection of investment opportunities, and ongoing value-adding activities in close association with the investee companies, normally through active directorship. We promote and reward entrepreneurship, and aim for realization of long-term capital gains, primarily by taking companies public in the US. Veritas often takes a pro-active approach to forming new companies, by defining a focus-area for a company, developing a business model and putting a founding team in place. Top of Page » Whom does Veritas back? Veritas backs entrepreneurs of varying profiles, from young technology leaders with no proven track record, to seasoned executives experienced in building successful businesses. Having been in the venture capital business for a decade and a half, we know that it is the quality of the people that carries businesses forward. We seek to form long-term partnerships with entrepreneurs, and ascribe particularly high value to certain qualities of those individuals: personal and professional excellence, creativity, discipline, leadership skills, unqualified integrity, and a desire to learn and grow in partnership with us. Top of Page » Our funds While we manage several vehicles, we are currently investing primarily from our new VVP Fund II, raised in late 2001. The capital under our management originates primarily from large, multinational institutions. These include a large multinational corporation headquartered in Asia, which enables us to create a bridge for Israel-based high-tech companies to Pacific Rim markets. Top of Page » The Veritas Difference Our managers have a longstanding involvement in Israeli venture capital - spanning from the birth of Israel's venture industry in the mid-1980's to the highly dynamic environment of the 2000's - with a proven record of success. We have helped create a number of companies valued at over a billion dollars each. In several cases we have initiated new companies on our own, and have experienced first-hand the trials, tribulations, and excitement of starting new ventures. Veritas's principals have extensive experience in the US markets as well. These experiences provide us with a unique set of skills and relationships that we share with our partnering entrepreneurs. Veritas seeks to develop close partnerships with a small, carefully selected group of entrepreneurs. We make few investments every year, and will roll up our sleeves and work with entrepreneurs to build their ventures into global leaders. Top of Page » Tmura – the Israeli Public Service Venture Fund Tmura - The Israeli Public Service Venture Fund is a non-profit organization, an “amuta”, established by leading Israeli venture capital funds to involve the high-tech sector in supporting charitable activities. The model is simple: early-stage companies give Tmura a warrant, convertible (at exit) into a small portion of their equity. If the company succeeds, Tmura sells its shares and donates the proceeds to charities in Israel; the focus is on education and youth-related activities, and the companies can indicate which organizations they want to support.