Israel Digital News

Core systems software platforms provider Phoenix Technologies is to acquire BeInSync, a provider of online backup, secure remote access and file synchronization software solutions. Phoenix will pay $22.1 million in the form of cash and Phoenix common stock for the Israeli-based startup company.

BeInSync's patent-pending, peer-to-peer (P2P) technology allows users to seamlessly and securely access their latest files anytime and anywhere, automatically keeping files and folders 'in sync' and backed up across multiple computers, including home PCs, office PCs and laptops. The acquisition, which is anticipated to close within the next several weeks, will support Phoenix move to deliver its PC 3.0 promise of Embedded Simplicity.

“This acquisition is a leap forward in our effort to redefine and significantly improve the PC experience by embedding simplicity for end users," said Woody Hobbs, President and CEO of Phoenix Technologies. "PC 3.0 eliminates complexity and provides users with the kind of convenience they expect from their digital devices. We are bringing new benefits to the hundreds of millions of PC users globally who require built-in functionality on PCs by enabling secure and easy online access and collaboration and automated data protection to help them manage their digital lives.

"With this acquisition, Phoenix is extending its leadership in the PC industry to include products in its portfolio that will set the standard yet again for providing the best-in-class solutions to PC OEMs and their customers," said Tal Barnoach, Founder and Chairman of BeInSync.

Upon the closing of the acquisition, Sharon Carmel, Founder & Vice President of R&D at BeInSync, will join Phoenix as Vice President & Chief Scientist of Synchronization and Continuity Solutions and Phoenix will continue to maintain operations out of Tel Aviv, Israel.

Phoenix provides core system software (CSS) for personal computers (PCs) and other computing devices. The company was founded in 1979 and is headquartered in Milpitas, California. Trading on Nasdaq stock exchange, the company’s current market capitalization is $428 million.

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Peer to Peer (P2P) file sharing solutions provider BeInSync unveils free software to sync, share, access and backup any type of digital content. The new BeInSync version 3.0 allow user to synchronize documents, photos, videos and music across all home, office and notebook computers and to share and backup large amounts of files, instantly via web interface.

BeInSync leverages the Amazon Simple Storage Service (Amazon S3) from Amazon Web Services as the solution's underlying infrastructure to provide its users with up to 1GB of highly reliable performance and available storage.

"With over four million downloads, this new product release is a major milestone for BeInSync, and incorporates feedback received from our user community," said Motti Vaknin, CEO of BeInSync. "Consumers and small businesses need a complete solution for their data that is simple, automatic and secure. By launching this comprehensive data solution, we provide a full-featured product with sync, share, access and all new backup."

Based on patent-pending secure private peer-to-peer (P2P) technology, BeInSync creates private data networks that make it easy to stay connected and always in sync with colleagues, friends, remote files and computers. Privately held, BeInSync is venture capital backed and headquartered in Tel Aviv, Israel with offices in San Jose, California.

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P2P file synchronization software provider BeInSync has completed its latest financing round. The financing was led by investment fund Alta Berkeley, which joined previous investors Eurofund and Aviv Ventures.

BeInSync will use the additional funding to expand its marketing and sales functions for its flagship product launched in August 2004. In addition, BeInSync is expanding its product line and offering data protection and backup by combining its P2P expertise with an optional online storage service.

“BeInSync has gained significant market traction by offering low cost software that allows easy access, sharing and backup of personal and business information,” said Tal Barnoach, BeInSync CEO. “Unlike any other solution, BeInSync ensures the highest level of privacy and speed while providing a truly seamless user experience by synchronizing files and information through its unique P2P technology.”

BeInSync develops secure P2P synchronization software that keeps documents in sync, backed up and easily shared across multiple computers. BeInSync provides consumers and businesses an easy way to protect, access and share their valuable documents, photos and music. Used by over 3 million people worldwide, BeInSync’s patent-pending secure P2P synchronization technology keeps user files backed always up and in sync across multiple computers and devices automatically.

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BeInSync has attracted over 2 million users to its secure Peer-to-Peer (P2P) synchronization software, BeInSync 2.0. BeInSync credits its accelerated rate of growth to user satisfaction from is recently released BeInSync 2.0, positive media response to it’s new version, and a number of partner and co-marketing activities, including a bundling program with Intel.

Working with Intel, BeInSync was introduced to consumers at the retail level through major North American electronic retailers. The partnership activities have leveraged synergies between BeInSync and other networking, security, and mobile applications, helping BeInSync to access a wider audience of suitable users.

"The addition of BeInSync's peer-to-peer synchronization software to a laptop using Intel Centrino mobile technology or a PC using Intel Dual-Core or Hyper-Threading technologies enhances the user experience by allowing file sharing across multiple computers, while providing data backup," said Melissa Laird, general manager of Intel's Developer Relations Division.

"As the two-million user milestone shows, incorporating BeInSync into partner offerings allows thousands more students, faculty, small business people and other individual consumers to discover the benefits of synching computers with our product," said Tal Barnoach, CEO of BeInSync. "For anyone who owns or accesses more than one computer or wishes to backup invaluable digital photos, videos or business records, BeInSync offers a simple, automatic and affordable solution."

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