Israel Digital News

Customer experience systems (CES) provider Amdocs will acquire the convergent Java and applications service platform provider jNetX for $50 million net of debt and cash.

The combination of Amdocs and jNetX products will allow service providers to expose both Telecom and IP components in the network to offer convergent network, IT and Web-based services to all of their customers. In addition to the product synergies, Amdocs and jNetX share a number of top tier customers, including Vodafone Group, British Telecom and Mobilkom.

“One of the biggest challenges with this new, rapid service delivery model has been to ensure that services can be efficiently provisioned and properly monetized through real-time charging mechanisms,” said Gary Miles, CEO of jNetX. “By incorporating the jNetX carrier-class service platform into the CES suite, Amdocs extends its market leading offering providing a consolidated OSS, BSS and SDP solution for consistent service creation, management, delivery, charging and customer care.”

jNetX is now the global market leader providing standards based Java technologies and applications across convergent Fixed, Mobile, IMS and Internet/Intranet environments. The American based coampny has more than 150 experienced communications and IT professionals in US, UK, France, Thailand, Mexico and Russia.

Amdocs provides solutions that deliver customer experience excellence, combining the software, services and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. Amdocs was founded in 1988 and is based in Chesterfield, Missouri. It has R&D centers in Raanana and Herzliya, Israel. Amdocs traded on the New York Stock Exchange (symbol DOX) with a market cap of $5 billion.

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Content syndication software service provider WebCollage has secured $10 million in new financing round led by new investor Greylock Partners Israel with participation from existing investors Sierra Ventures, Cedar Fund and Gilde IT Fund. This round brings the total investment in the company to more than $45 million. WebCollage will use the capital to accelerate the development of its on-demand service and to expand globally.

"During the past year we have seen a rapid increase in the number of manufacturers eager to extend the breadth and depth of their online marketing reach and interaction with customers," said Yuda Doron, CEO of WebCollage. "WebCollage’s patented solution enables manufacturers to increase sales by 6%-15% by automating the exchange of Web marketing with business partners while uniquely addressing manufacturers’ requirements for ensuring brand consistency and providing richer, more interactive online merchandising experiences for their end customers."

"At a time when online marketing and advertising programs are rapidly proliferating, WebCollage offers a unique, transformative solution that allows manufacturers to engage with their customers directly at the point of product research and purchase," said Yoram Snir, Partner at Greylock Partners Israel and new WebCollage Board Member. "Moreover, we believe that with its proven ROI, its rapidly growing network of 750 top ecommerce sites and its more than 75 leading global brand clients, WebCollage is poised to become the premier online content exchange for online marketing and sales programs."

WebCollage’s web content exchange solution allow manufacturers to extend their Web product marketing content to all of their business partners and to optimize the selling and marketing of products via the Web. Founded in 2000, WebCollage is a privately-held company headquartered in New York, NY, with a development center in Tel Aviv, Israel.

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Web mashups information platform development startup SemantiNet has completed a $1.7 million financial round led by Giza venture capital. Leading international and Israeli private investors such as Yossi Vardi, Ronald Cohen, Jeff Pulver, Robert Imershein and Moudi Ben-Shach joined Giza in the round.

SemantiNet is developing an information platform that utilizes Semantic Web concepts with a crowd sourcing approach. SemantiNet’s first consumer application is leveraging semantic web concepts to seamlessly integrate information and services from various websites in order to improve web browsing experience.

The company development is based on unique patent based programming paradigm, hardcore web technologies like Silverlight, Ajax and Linq, and a unique scrum & agile development methodology.

SemantiNet was founded in February 2007 by Tal Keinan, SemantiNet CEO, and Tal Muscal, the company CTO. Prior to founding SemantiNet, Keinan was a member of the Risk Department of Morgan Stanley, and Muscal served as a developer at Go Networks and senior software developer at IDF.

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Web community toolbars provider Conduit has raised $8 million from Benchmark Capital. The company will use the funds to upgrade its offering to deliver a complete family of online syndication solutions.

“Conduit's performance has been remarkable. In less than two years, the company's innovative, on-demand delivery model has enabled tens of thousands of web publishers to build and distribute community toolbars to millions of active subscribers worldwide,” said Michael Eisenberg, general partner of Benchmark Capital and Conduit board member.

Conduit's on-demand community toolbar service allows any web publisher to create, promote and maintain a unique, personalized community toolbar reflecting their website without the cost and complexity of custom software. More than 140,000 publishers have joined the Conduit network worldwide, including major brands such as Fox News, Lufthansa, Major League Baseball, Greenpeace, and TechCrunch.

Conduit was founded by Ronen Shilo, the company CEO, Dror Erez, the VP R&D and CTO of Conduit, and Gaby Bilczyk, Conduit VP Product Development. The comapny is privately-held with headquarters in Israel and Redwood Shores, CA.

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