AICC Member PerSay Raises $2.4

November 27, 2008

PerSay joined AICC in April 2008, participated in the Amdocs/at&t business exchange, and presented at the October Security Committee Meeting (see presentation here)

Voice recognition co PerSay raises $2.4m
Published by: Globes
23/11/2008

Voice biometrics company PerSay Ltd. Has raised $2.4 million from Teuza – A Fairchild Technology Venture Ltd. (TASE:TUZA), Shrem Fudim Technologies Ltd. (TASE:SFKT), and PerSay chairman Dr. Shuki Gleitman. Teuza has an option on a further investment of a similar amount next year.

PerSay develops and markets biometric voice identification products for use mainly by banks, insurance companies, mutual funds and telephony companies that require authentic customer verification to prevent incidences of identity theft and fraud.

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MobiMate and WorldMate Establish New Headquarters in Atlanta

November 27, 2008

Privately-held developer of award-winning mobile travel software,  MobiMate Ltd. , based in Lod, Israel, along with its US-based subsidiary  WorldMate, Inc. , has announced it will undergo a re-organization and establish its new corporate headquarters in Atlanta.   

“This is great news.  I have been a subscriber for over a year now and am a Gold member of the WorldMate service,” said Ken Stewart, Commissioner of the Georgia Department of Economic Development, whose busy schedule promoting the state demands his frequent travel throughout the world.

According to company officials, the decision to establish the corporate headquarters in the US is expected to advance WorldMate as the leading mobile travel service.  With a stronger foothold here, WorldMate is better positioned to capitalize on the demand for innovative mobile services in this market and also provide local support for their growing base of members in the US.

“Our Israel-based parent company has maintained a great relationship with the American-Israel Chamber of Commerce over the years, and our board chairman, Eli Barak, has been an active member of the organization.  With AICC’s impressive roster of successful Israeli companies that it supports in the Atlanta area, choosing to open our office in this city seemed a natural fit,” said CEO, Nadav Gur.

WorldMate, Inc. has over 1.5 million active customers worldwide and recently secured $8 million in a funding round led by BlackBerry Partners Fund, joining other notable investors including Motorola Ventures and several world-renowned angel investors who previously invested through its parent company.  WorldMate LiveTM, the company’s free application, serves as a personal travel companion that allows frequent travelers to manage their entire itinerary – flights, hotels, meetings and ground transportation – all within a single service, accessible any time from a mobile device or computer.

“We’re thrilled to welcome WorldMate to our growing family of Israeli companies that use Atlanta as their US gateway.  Their decision is strong testimony to the area’s reputation as a mobile technology center, and we look forward to helping the company in this important phase of its growth, said AICC President Tom Glaser, who noted that MobiMate was the featured presenting company at the Chamber’s annual Professional Seminar in 2004.


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