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Certagon, a Developer of Enterprise Software, Raises $ 5M in Series A Round Led by Jerusalem Global Ventures Palo Alto, CA, August 12, 2003 : Certagon Corporation, a software provider focused on enabling the next stage of the Service Oriented Architecture has raised a $ 5M Series A Round. Jerusalem Global Ventures (JGV) is the lead investor. Certagon Inc. (www.certagon.com) was founded in 2003 by David Barzilai, and Smadar Nehab. Mr. Barzilai was the founder and CEO of Conduct Ltd, which was acquired by Mercury Interactive in 1999. After the acquisition, Mr. Barzilai served as a VP with Mercury Interactive. Ms. Nehab was VP R&D at Conduct and Verisity and led the software R&D teams at Canon, EFI and Motorola. Certagon is developing a solution to maximize uptime and performance in a Service Oriented Architecture deployment. The company is currently working with select customers and partners. Certagon is headquartered in Palo Alto, CA, and operates a research and development facility in Herzelia, Israel. Jonathan Hashkes, and Micah Avni, Managing Partners at JGV, have joined Certagon's Board of Directors. Dr. Shlomo Kalish, Chairman and Founding Partner of the JGV funds said: "David is an experienced entrepreneur with proven success, and we pleased to invest in him and his founding team at Certagon. We believe that together with Smadar and the team that is currently in place, the company has true potential to become a leader in its field." Dr. Shlomo Kalish added that "we are currently working on an additional project led by an Entrepreneur-in-Residence (EIR). We also intend to invest in additional technology companies this year to expand and broaden JGV's portfolio all while we continue to raise follow on rounds for our portfolio companies." About Jerusalem Global Ventures: Jerusalem Global Ventures is an Israeli venture capital fund that invests in seed and early stage communications, information technology and life sciences companies. JGV has $156 million in capital for investment in exceptional entrepreneurs. JGV's investors include many of the world's leading technology companies and financial institutions as well as international executive investors. JGV's investors include Agilent Technologies, AOL/Time Warner, Bank of America, China Development Industrial Bank, Bausch & Lomb, Comverse, Conexant, Itochu Techno-Science, JDS, Uniphase, Motorola and Telecom Italia Lab. Executive investors include Atiq Raza, Haim Saban and Andrew Viterbi. Back to Press Releases |
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