Computer Business Review
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.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
GET CBR'S DAILY MORNING UPDATE
Unable to register now
Trending on CBR
Planning for Improved Email Availability
This Osterman Research white paper, sponsored by Neverfail, discusses the problem of email availability based on the results of a survey conducted...
How To Increase Productivity and Reduce Costs Across The Enterprise
Many executives are asking their employees to do more with less, but there is a fine line between increasing productivity and expecting your people...
Why Should your Cloud be Designed with Open and Hybrid in Mind?
Choosing how to build a cloud is the most strategic decision IT leaders will make this decade.
Continuous Application Performance Management
This white paper discusses the new requirements for application performance management (APM) in the face of accelerating complexity in application...
Implico Group - International service, Consulting and Software Company
The Implico Group is an international service, consulting and software company headquartered in Hamburg, Germany with subsidiaries in Malaysia,...
Procorre - Professional IT and Computer Consultancy
Procorre consultancy provides IT and technology strategy solutions to maximise performance of clients' IT assets and investments.
Geodis Wilson - High Tech Freight Management Services
Geodis Wilson is a leading global freight management company, providing IT solutions based on transparent e-Services and delivering tailor-made,...
Avocent - IT Operations Management Solutions
Avocent is a leading global provider of IT operations management solutions for enterprise data centres, small/medium businesses and branch offices...