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Viola Credit

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Viola Credit
Company typePrivate
IndustryPrivate Equity Private Equity
Founded2000
FoundersViola Group, Ruthi Simha and Moti Weiss
Headquarters,
Websitewww.viola-group.com/fund/violacredit

Viola Credit (Hebrew: ויולה קרדיט, formerly known as Plenus (Hebrew: פלנוס)) is an Israeli-based growth and venture lending fund,[1] which is part of the Viola Group.[2] The fund invests in growing technology, services and industry companies, and has extended over 100 loans totaling approximately $600 million since its inception in 2000, with over 20 exits to date.

Viola Credit is based in Herzeliya, Israel.

History

Viola Credit was founded in 2000 by the Viola Group, Ruthi Simha[3] and Moti Weiss,[4] and is now managed by Partners Ruthi Simha,[3] Timor Arbel-Sadras,[5] Uri Galai,[6] Assaf Wahrhaft[7] and Ido Vigdor.[8]

Active Portfolio Companies

Angioslide[9] Cellwize[10] ControlUp (Smart-X) Gigaspaces[11] RB Doors[12] TradAir
Apos Therapy[13] Cerac[14] Ctera Ivory Siano MS[15] Upstream Commerce[16]
Arava Power Clarizen[17] Earnix[18] Metrolight[19] Teads YCD Multimedia
BIScience[20] Clicktale[21] ECI Telecom[22] myThings Telit[23]
Bolt Solutions[24] ColorChip[25] Feedvisor ORAD TerraFlex
CAL Cargo Air Lines ConnectOne[26] Flash Networks[11] PineApp[27] TheTime

Exits

Company Exit Notes
Attunity Fund exercised all warrants to shares and sold these shares in 2012 (NASDAQ:ATTU)
Axerra Acquired by DragonWave (TSE:DWI) in 2010[28]
BorderFree IPO in 2014 for $488mm (NASDAQ:BRDR)[29]
Broadlight Acquired by Broadcom Corporation (NASDAQ: BRCM) in 2012 for $224mm[30]
Business Layers Acquired by Netegrity in 2003. Computer Associate (NYSE: CA) acquired Netegrity in November 2004[31]
CVidya Acquired by Amdocs in 2016 for $30 million[32]
CyberArk JVP and Goldman Sachs led a $40mm investment round in Cyber Ark in 2011.[33] Viola Credit exercised its holdings in the company.
Cyota Acquired by RSA Security (NASDAQ: RSAS) in 2005 for $145mm[34]
DesignArt Networks Acquired by Qualcomm in 2012 for $150mm[35]
e-Glue Software Acquired by NICE in 2010 for approximately $29 million
EZChip Exchanged for shares in LanOptics in 2010 in a transaction valued at $5mm (NASDAQ:EZCH)
Followap Acquired by NeuStar Inc. (NYSE: NSR) in 2006 for $139mm.[36]
Identify Acquired by BMC Software (NYSE: BMC) in 2006 for $150mm[37]
InsureWorx Acquired by Fiserv (NASDAQ:FISV) in 2006 for $50mm[38]
Matomy IPO in 2014 on the London Stock Exchanges’ Main Market (LON:MTMY)[39]
N-trig Acquired by Microsoft Corporation (Nasdaq: MSFT) in 2015[40]
Odin Acquired by Medtronic (NYSE:MDT) in 2006 for $9mm[41]
PowerDsine IPO in 2004 on the NASDAQ raising $70mm.[42] Company was acquired by Microsemi in 2006.
Provigent Acquired by Broadcom Corporation (Nasdaq: BRCM) in 2011 for $313 million[43]
Radcom Exercised warrants in 2010 and sold them on Nasdaq (NASDAQ:RDCM)
Redbend Acquired by HARMAN International Industries (NYSE:HAR) in 2015 for $200mm[44]
RRMedia Acquired by SES in 2016 for $242.2 million[45]
SodaStream IPO in 2010 on Nasdaq raising $369mm[46]
StoreAge Acquired by LSI Logic Corporation (NYSE: LSI) in 2006 for $50mm[47]
SuperDerivatives Acquired by Intercontinental Exchange, Inc. (ICE) in 2014[48]
Velti IPO in 2011 on NASDAQ raising $150mm (NASDAQ:VELT)[49]
Whale Acquired by Microsoft (NASDAQ:MSFT) in 2006 for approximately $70mm[50]
Wintegra Acquired by PMC Sierra in 2010 for $300mm[51]
XMPie Acquired by Xerox Corporation (NYSE:XRX) in 2006 for $50mm[52]

References

  1. ^ "Bloomberg Overview of Viola Credit".
  2. ^ "Goldman Sachs buys 10% of Viola Group - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  3. ^ a b "LinkedIn Profile - Ruthi Simha".
  4. ^ "LinkedIn Profile - Moti Weiss".
  5. ^ "LinkedIn Profile - Timor Arbel-Sadras".
  6. ^ "LinkedIn Profile - Uri Galai".
  7. ^ "LinkedIn Profile - Assaf Wahrhaft".
  8. ^ "LinkedIn Profile - Ido Vigdor".
  9. ^ wpengine. "Angioslide completes US$6.3 million financing led by TriVentures | Vascular News". vascularnews.com. Retrieved 2017-05-04.
  10. ^ "Israeli mobile optimization co Cellwize raises $24.5m - Globes English". Globes (in Hebrew). Retrieved 2017-05-04.
  11. ^ a b "Flash Networks | crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  12. ^ "RB Doors - Crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  13. ^ "Knee, back treatment co AposTherapy raises $15m - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  14. ^ "Cerac | crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  15. ^ "Siano Mobile Silicon - Crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  16. ^ "Upstream Commerce | crunchbase". www.crunchbase.com. Retrieved 2017-04-30.
  17. ^ "Clarizen | crunchbase". www.crunchbase.com. Retrieved 2017-04-30.
  18. ^ "Earnix Secures a $3M Credit Facility from Plenus Venture Lending". earnix.com. Retrieved 2017-04-30.
  19. ^ "Metrolight- Crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  20. ^ "BIScience | crunchbase". www.crunchbase.com. Retrieved 2017-04-30.
  21. ^ ClickTale. "ClickTale Raises $35 Million to Accelerate Global Expansion in a Growth Equity Round led by KKR". www.prnewswire.com. Retrieved 2017-04-30.
  22. ^ "Viola Credit invested in these telecommunications companies | crunchbase". www.crunchbase.com. Retrieved 2017-04-30.
  23. ^ "Naschitz Brandes Amir Represents Viola Credit in the Financing of the Acquisition of Telit Communications' Shares".
  24. ^ "BOLT Solutions | crunchbase". www.crunchbase.com. Retrieved 2017-05-04.
  25. ^ "Optical communications co ColorChip raises $20m - Globes English". Globes (in Hebrew). Retrieved 2017-04-26.
  26. ^ "Connect One Company Profile | PitchBook". pitchbook.com. Retrieved 2017-05-04.
  27. ^ "PineApp Ltd. Acquires a $2 Million Credit Facility from Plenus Venture Lending". www.businesswire.com. Retrieved 2017-05-04.
  28. ^ "Dragonwave buys Axerra". www.mobileeurope.co.uk. Retrieved 2017-04-30.
  29. ^ "Borderfree prices IPO at top end of $14-$16 range: underwriter". Reuters. 2017-03-20. Retrieved 2017-04-30.
  30. ^ "Broadcom to buy BroadLight for $230 mln -report". Reuters. 2017-03-20. Retrieved 2017-04-30.
  31. ^ "Netegrity Pays $44m for Promising Business Layers". Haaretz. 2004-01-01. Retrieved 2017-04-30.
  32. ^ Orpaz, Inbal; Zerachovitz, Omri; Levy, Ruti (2016-01-01). "Business in Brief: Amdocs Completes Purchase of cVidya". Haaretz. Retrieved 2017-04-30.
  33. ^ Wauters, Robin. "Enterprise Security Company Cyber-Ark Raises $40M From Goldman Sachs, JVP". TechCrunch. Retrieved 2017-04-30.
  34. ^ "Israeli start-up Cyota sold to RSA Security for $145m - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  35. ^ "Qualcomm to acquire DesignArt for $120-140m - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  36. ^ "NeuStar Acquires Followap(2)". Wireless Week. 2007-04-11. Retrieved 2017-04-30.
  37. ^ Dubie, Denise. "BMC sets sights on Identify Software". Network World. Retrieved 2017-04-30.
  38. ^ "Fiserv Buys InsureWorx | Insurance & Technology". Insurance & Technology. Retrieved 2017-04-30.
  39. ^ "Matomy raises $70m in London IPO - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  40. ^ Kharpal, Arjun (2015-05-01). "Microsoft buying spree continues with acquisition". CNBC. Retrieved 2017-04-30.
  41. ^ "MEDTRONIC BUYS ODIN FOR $9M". Retrieved 2017-04-30.
  42. ^ "PowerDsine Ltd. Prices IPO at $11.50/Share". www.businesswire.com. Retrieved 2017-04-30.
  43. ^ "Broadcom to buy Israeli hi-tech co. Provigent for $313m". The Jerusalem Post | JPost.com. Retrieved 2017-04-30.
  44. ^ "Harman acquires Red Bend Software for $200m - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  45. ^ "SES Announces Successful Completion of Merger of RR Media with SES Platform Services". www.businesswire.com. Retrieved 2017-04-30.
  46. ^ "SodaStream files for Nasdaq IPO - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  47. ^ Connor, Deni. "LSI acquires storage virtualization vendor StoreAge". Network World. Retrieved 2017-04-30.
  48. ^ "Intercontinental Exchange buys SuperDerivatives - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  49. ^ Velti. "Velti Announces Pricing of Initial Public Offering". GlobeNewswire News Room. Retrieved 2017-04-30.
  50. ^ "Microsoft buys Israeli co Whale for $75 million - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  51. ^ "PMC-Sierra buys Wintegra - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.
  52. ^ "Xerox to buy Israeli start-up XMPie for $40-50m - Globes English". Globes (in Hebrew). Retrieved 2017-04-30.