AICC Member TopEyeView Demos at Madonna Concert

December 30, 2008

TopEyeView  is a Norcross, GA – based provider of solutions for real time video image from a bird’s eye view. Most components this company distributes are “best of breed” Israeli- developed technologies integrated to the company’s current line of products. Tamir Sagie, the company’s CEO, is a member of AICC Board of Directors and Security Committee.



AICC members work together: SGR Advises Given Imaging in Acquisition of Medtronic’s Bravo

December 28, 2008

SGR Advises Given Imaging in Acquisition of Medtronic’s Bravo pH Monitoring Business

ATLANTA (December 18, 2008) — On December 8th, a group of Smith, Gambrell & Russell attorneys assisted client Given Imaging Ltd. in finalizing the acquisition of the Bravo(R) pH monitoring business for the diagnosis of Gastroesophageal Reflux Disease (GERD) from Medtronic (NYSE: MDT) for $20 million. Jay Schwartz was lead counsel. Larry Colton, Bruce Crabtree, Eric Mandus, Jonathan Minnen, David Santi, Michelle Edwards, Jeff Bekiares, Emily Cacioppo, Julie Sebastian, and Chris Yarbrough were also part of the SGR team.

“We were delighted to be transaction counsel for one of Israel’s premier companies,” said Jonathan Minnen, relationship partner at SGR for Given Imaging, and chair of the Firm’s Israel Practice Group. “Given Imaging has made a tremendous contribution to healthcare through the development of capsule endoscopy, and the Bravo monitoring business will be a great addition to their product line.”

For full press release

AICC Israel member Systematic Inventive Thinking (SIT) methodology highlighted in NYT article

December 25, 2008

… Kapro Tools, working with an Israeli company called Systematic Inventive Thinking, used the method to create a new type of bubble level calibrated to help build gentle slopes to improve drainage. Previously, construction workers approximated the slope they wanted by placing a nail or other object under the edge of a standard level…

For Full Article

West Interactive Selects AICC Israeli member PerSay for Voice Biometrics

December 25, 2008

OMAHA, NE – West Interactive, a leading provider of outsourced communication solutions, announced today that it has selected PerSay as its technology partner for its hosted voice biometrics offering.

Biometric speaker verification technology uses the power of voice to provide the critical component in an effective multi-factor authentication solution. Like a fingerprint, each person can be identified by the distinct features of his or her vocal characteristics and speaking patterns. Voice verification is the process of comparing a voice sample with a stored, digital voice model, or voiceprint, for the purpose of verifying identity.

Totally language and accent independent, PerSay’s flagship product, VocalPassword™, is standards-based and seamlessly integrates with existing VoiceXML platforms. By verifying a caller’s identity in real-time, using a simple spoken passphrase, VocalPassword provides a convenient, secure method for enabling self service transactions in the IVR or cost-effectively authenticating a caller to an enterprise’s contact center. Designed exclusively to meet strict global security standards, PerSay’s voice biometric tools are already servicing millions of customers around the globe.

“We are proud to be selected by West Interactive,” said Ariel Freidenberg, executive vice president, global sales and business development at PerSay. “West is a major player in hosted communication services and, through this strategic partnership, can significantly extend the reach and application of voice biometric services.”

“With the increasing risk of identity theft, our customers are looking for innovative ways to ensure security while not negatively impacting the caller’s experience,” said Pam Mortenson, president of West Interactive. “West is dedicated to offering services that help our customers simplify and accelerate the transactions of daily life. PerSay’s technology will help us deliver on that promise.”

Fueled by security concerns and the rising costs of identity verification, the voice biometrics market is expected to grow exponentially over the next five years.

AICC member Scopus Video Networks acquired by Harmonic for $86 million

December 23, 2008

Rosh Ha’ayin based Scopus Video Networks is an AICC member since 2005, participated in the 2005 and 2006 US-Israel Broadband Business Exchanges and the 2007 US-Israel New Media Business Exchange.

Harmonic Announces Definitive Agreement To Acquire Scopus

Combination Extends Worldwide Customer Base; Strengthens Technology Leadership; Accretive to Non-GAAP Earnings with Substantial Synergies
Sunnyvale, California And Tel Aviv, Israel – December 23, 2008

Harmonic Inc. (NASDAQ: HLIT) and Scopus Video Networks Limited (NASDAQ: SCOP), a global provider of digital video networking solutions, today announced the signing of a definitive agreement pursuant to which Harmonic will acquire Scopus. The acquisition will extend Harmonic’s worldwide customer base and strengthen its market and technology leadership, particularly in international video broadcast, contribution and distribution markets.  

Under the terms of the definitive agreement, which has been approved by the Board of Directors of both companies, Harmonic will pay $5.62 in cash for each outstanding share of Scopus, representing an enterprise value of approximately $51 million, net of Scopus’ cash and short-term investments. The proposed acquisition is subject to customary conditions, regulatory approvals and the approval of Scopus’ shareholders, and is expected to close in the latter part of the first quarter of 2009. Harmonic has received voting agreements supporting the proposed acquisition from shareholders representing approximately 50% of Scopus’ outstanding shares. 

Harmonic expects to realize cost synergies upon full integration of Scopus of $8-10 million on an annualized basis, making the transaction accretive to Harmonic’s non-GAAP earnings in 2009, exclusive of the amortization of intangibles and non-recurring charges such as restructuring and transaction costs. Harmonic will determine the appropriate purchase accounting for the transaction at closing and, accordingly, cannot reasonably estimate the impact on GAAP earnings at this time. See “Use of Non- GAAP Financial Measures” below. 

For the first nine months of 2008, Scopus reported revenues of $55.4 million, an increase of 35% over the comparable period of the prior year. Approximately 79% of these revenues were outside the United States, with no single customer representing more than 10% of total revenues. Scopus has approximately 300 employees worldwide. 

“This acquisition extends Harmonic’s diversification strategy, providing us with an expanded international sales force and customer base, particularly in video broadcast, contribution and distribution markets, as well as complementary video processing technology and expanded research and development capability,” said Patrick Harshman, President and Chief Executive Officer of Harmonic. “Like Harmonic, Scopus has strong gross margins and a proven track record of innovation and growth. By combining our two companies, we see significant opportunities for product, sales and cost synergies.” 

“The combination of Harmonic and Scopus will further extend Harmonic’s video delivery leadership,“ said Yaron Simler, Chief Executive Officer of Scopus. “Harmonic brings its powerful customer relationships, brand reputation, technology leadership and financial resources. Scopus brings its highly skilled employees, proven distribution channels, strong customer relationships and sales momentum in emerging international markets. Scopus’ exciting new video products, including our next generation integrated receiver processor (IRP) platform, are a great fit with Harmonic’s portfolio of industry-leading products and solutions. We see this transaction as very beneficial for the customers and employees of both companies.”

For Globes article on deal

Happy Hannukah – Whichever way you spell it

December 22, 2008

How do you spell hannukah?



State of Georgia looks to Israel for solutions to energy and water challenges

December 20, 2008
Dec 20, 2008 23:15

Israel’s track record of success and a similar climate brought a delegation from the US state of Georgia here last week to get a look at local cleantech and greentech firms.
Representing private companies, public, utilities, and government officials, the nine officials traveled all over the country looking for ways to integrate Israeli technology into their organizations. According to executives of a major water company based in Georgia, the US will overhaul its water infrastructure in the next 10 to 15 years. So the company has begun looking ahead to see how it can position itself with the most attractive line of products, including some blue-and-white ones.

Among their many stops, the delegation met with the Israel Newtech team at the Industry, Trade, and Labor Ministry. Israel Newtech is an umbrella organization for Israeli water and renewable energy companies interested in contracts abroad. The group was brought here by the American-Israel Chamber of Commerce Southeast Region, which has developed strong ties between the Georgia business community and Israel.

For full aticle

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