Shuky_Sagis
After 13 years at Scitex Israel R&D, Shuky Sagis has been appointed
Prashant_Jain
Prashant Jain has recently appointed CEO of Softbridge Solutions Pte Ltd (Singapore).
Prashant was director, international business development at Engage Technologies, Inc.(a CMGI company). Before that he was the general manager of the Asia operations of On Demand Imaging Systems (sub. of the
Japanese Toyo Ink Mfg Corp).
Prashant was Manager, Product Marketing at Nihon Scitex in Tokyo for 5 years.
Nadav_Yassour
Nadav Yassour, is the CFO, and
Shira_management_2003
The
Israeli company Shira is an ExScite-Intensive company indeed. The company has
recently beefed-up its top-management, and of course- it is composed of all ExScites?
Boris
Poberezsky ? Is Shira’s Chief
Executive Officer. Boris was
Lutt_and_D_Hondt
Anja
D’Hondt and Lutt Willems,
former STE Marcomm employees have established and are managing the European PR
agency Duo Media.
Anja
(on the right), who was 5 years at STE, is Duo Pro’s general management & PR
consulting Europe She is also the founder of the Belgian
PR-Gate agency. Lutt (on the left)
is Duo Pro’s PR consulting graphic arts Europe.
Located in Belgium
Duo Media Services BVBA helps
clients define public relations strategies, build image recognition, formulate
and communicate messages to the audiences they want to reach. Their services
include preparing corporate announcements, local customer testimonials, white
papers and feature articles with accompanying pictures and illustrations.
Sapiens
No wonder, the senior management of the Israeli company Sapiens too, is ExScite-intensive.
Dan Trajman
Shmulik_Succary
After a career spanning 16 years as a Scitex engineer, Shmulik Succary
Shimon_Alon
Veritas buying Precise for $537M in cash
Shades of the bubble: Software giant Veritas Software Corp (Nasdaq:VRTS) is buying Israel’s Precise Software Solutions (Nasdaq:PRSE) for $537 million cash, the companies announced today. Precise software’s CEO is the ExScite Shimon Alon, Ex STCL, STA and STE.
Veritas is paying $16.5 per share in cash, a 37% premium above Precise?s closing price of $12.05 on Wednesday. That is a handsome premium over the company’s current market cap of $357 million. Veritas, one of the world?s largest software companies, is traded at a market cap of $7.1 billion. Precise shareholders can also elect to receive up to 25% of the consideration for the deal in Veritas stock, with the remainder being paid in cash. Based on a fixed exchange ratio of 0.2365, a maximum of 7.5 million shares will be issued to Precise shareholders.
Shimon, who holds more than a million shares of PRSE is expected to scoop $17.1M following the sale.
The two companies will cooperate on providing solutions to optimize computer power by companies.
“Precise Software products proactively detect and correct the root cause of performance problems before they affect response times,” Veritas said in a statement. “This is a natural extension of our existing business.” “Veritas and Precise will provide a unique solution for IT professionals to run mission-critical applications with optimal performance and continuous availability. Industry analysts predict this market opportunity will grow to $11 billion by 2006,” the statement said.
Gary Bloom, the chief executive of Veritas, said the acquisition is strategic. Shimon Alon called it “an exciting opportunity” for the company’s shareholders and everybody else. “Veritas’ scale and global distribution will accelerate the market penetration of our industry leading application performance management solutions,” Alon commented.
Published in the Israeli economic papers TheMarker and Globes Dec 19, 2002