EVERGREEN TO INVEST IN RADVISION OF ISRAEL

by CBR Staff Writer| 25 March 1998

RADVision, part of Israel's RAD group is conducting a private placement which will give it a cash boost of $3m-$4m. The biggest investor will be Israeli venture capitalist Evergreen, which will purchase 10% of the company for $2m. The rest of the money is expected to come from some or all of the current investors: Yehuda and Zohar Zisapel (33%), senior company employees (15%), Madge Networks NV (10%), Maritime Bank (7%), Clal Venture Capital and ECI Telecom (18%), French and US companies' group (12%) and Intel Corp (5%). The company specializes in technology that facilitates video conferencing from the desktop and voice transmission via IP networks. Customers include VocalTec, Netscape Communications Corp, Philips NV, NetSpeak, Hewlett- Packard Co, Siemens AG, Canadian Nortel and others. Senior sources in the company have indicated that they expect a public issue of shares in mid 1999 after turning a profit during the fourth quarter of this year.

Comments
Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

717 people like this.
1539 people follow this.

Intelligence

Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.