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Hewlett-Packard Spin-off - Agilent Technologies - Invests $5 million in Jerusalem Global Venture July 25, 2000: Jerusalem Global Ventures (formerly Jerusalem Global Innovation Centers) announced today an additional investment of five million dollars from Agilent Technologies Inc., a global leader in the communications and life sciences industries. Avraham Menachem, Managing Partner of CommLaunch, a member of JG Ventures group of funds, said, "This strategic investment from Agilent will enable JG's CommLaunch to generate additional added value to its portfolio companies. Providing our start-ups access to such a key player in the fields of communications will constitute a key success factor in their launching into successful global companies." Jerusalem Global Ventures has its headquarters in Jerusalem with offices in Herzliya, Silicon Valley and Boston About Agilent Technologies: Agilent Technologies, Inc. (NYSE: A) is a diversified technology company, resulting from Hewlett-Packard Company's plan to strategically realign itself into two fully independent companies. With approximately 43,000 employees serving customers in more than 120 countries, Agilent Technologies is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. The company serves markets that include communications, electronics, life sciences and healthcare. In fiscal year 1999, the businesses comprising Agilent, then a subsidiary of HP, had net revenue of more than $8.3 billion. Information about Agilent Technologies can be found on the Web at: www.agilent.com About Jerusalem Global Ventures: Jerusalem Global Ventures is a $180 million group of three seed-focused venture funds that invest in or initiate Israeli and Israeli-related hi-tech companies: CommLaunch, in the field of communications infrastructure technology -- such as wireless data, optical systems and components; NetLaunch, in software-enabling technology; and Innomed, in medical and life sciences. JG Ventures actively promotes the development of its portfolio companies by providing access to an international network of investors and strategic advisors from leading hi-tech companies; guidance from experienced entrepreneurs; and a full array of accelerating services. JG Ventures general partners, all successful serial entrepreneurs, include Dr. Shlomo Kalish (Jerusalem Global), Micah Avni (Yigal Arnon, Deltathree.com), Yoni Hashkes (Magic, NDS), Dr. Yossi Linde (Chipcom, LanArt), Dr. Dalia Megiddo (Academia Medica, The Journal Club), and Avraham Menachem (Intel, National Semiconductor, DEC). Investors in JG Ventures include many of the world's leading hi-tech companies and financial institutions such as AOL, Motorola, and Bank of America, as well as individual executives from other industry leaders. JG Ventures has offices in Jerusalem, Herzliya, Silicon Valley, and Boston. Back to Press Releases |
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