Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

Fortissimo Capital Fund Completes Acquisition of Eshbel Technologies Ltd. for NIS 192 million

ROSH HAAYIN, Israel, January 29, 2014-- Private equity fund Fortissimo Capital Fund announced today that it has acquired full ownership of Eshbel Technologies Ltd. after receiving court approval of the transaction.

Eshbel, founded in 1986, is the developer of Priority, proprietary ERP software for small and medium businesses that is installed in more than 5,500 customers in 30 countries, with more than 200,000 users.

Priority is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. The industrial sectors for which Priority provides a full solution include: medical, electronics manufacturing, software, project management, food distribution, metal and plastic manufacturers, and service providers.

Yuval Cohen, founder and managing partner of Fortissimo, said: "Fortissimo as a fund focuses on creating value from growth. We are attracted to Eshbel primarily due to its leadership position in Israel and its potential worldwide. We believe that we can expedite the growth of the company by expanding the modules available as well as the addressable industrial sectors and through geographic expansion. An important element of the growth strategy of the company is a substantial investment in the infrastructure, in particular, with respect to R&D, support, marketing, and service to strengthen the technological leadership of Priority."

About Fortissimo Capital:

Fortissimo Capital is a group of private equity funds managing half a billion dollars and specializing in investments in public and private Israeli-related technology and industrial companies. Fortissimo Capital focuses on growth companies and on companies in special situations. Fortissimo Capital's investors include leading financial institutions in Israel and abroad, including insurance companies, banks and pension funds. Fortissimo's partners include: Yuval Cohen (founding and managing partner), Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen and Yoav Hineman.

For information contact: Amir Eisenberg - +972-3-753-8828


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer