Press Releases | 2002

Vertex Israel Appoints Moshe Shahaf as Managing Partner
Mar 4, 2002

Savyon, Israel – March 4, 2002 - Vertex Management Israel, one of Israel’s leading venture capital funds and a member of the International Vertex Group, announced today the appointment of Mr. Moshe Shahaf as Managing Partner.

Moshe Shahaf has held many highly regarded positions throughout his career. Prior to joining Vertex, Shahaf was Partner at Formula Ventures and worked as an investment consultant to Israeli venture funds and investment banks. He served as Vice President and Chief Technology Officer of the DSP Group, RAD Network Device and Wave Systems. Shahaf spent the formative years of his career at National Semiconductor where he held various management and development positions in Silicon Valley, Europe and Israel. Shahaf has a strong operational background and acquired expertise in semiconductor technologies and applications in the fields of digital signal processing, network technology and security.

Moshe Shahaf served as an officer in the Israel Defense Forces and specialized in the field of RF communication. He holds a B.Sc., cum laude, in Electrical Engineering from the Technion - Israel Institute of Technology and an MBA, cum laude, from Tel Aviv University.

Yoram Oron, Founder and Managing Partner of Vertex Management Israel said, “Shahaf has twenty years of business and technology experience and has accumulated vast knowledge. We have worked closely with Shahaf over the years and have developed a strong relationship with him.”

Shai Beilis, Managing Partner of Formula Ventures said, “Moshe Shahaf is a personal friend of mine and I am sorry to see him go. His deep technological understanding and accumulated experience are true assets. I am certain that he will promote further cooperation between Formula Ventures and Vertex. I wish both Shahaf and Vertex all the best of luck.”

About Vertex Management Israel

Vertex Management Israel manages $250 million in venture capital and is part of the International Vertex Group headed by Lee Kheng Nam. The Vertex Group has offices in the USA, the UK, Israel, Denmark, Singapore, Taiwan, Hong Kong and China. Vertex Management Israel invests in seed and early stage Israeli and North American companies and focuses its investments primarily on Telecommunications, Information Networking and Internet Enabling Technologies. Vertex Management Israel’s sponsors are Singapore Technologies and Discount Capital Markets and Investments. Strategic investors include Creative Technology, TIF Ventures, GIC, IDA, Nomura International, JAFCO, NTT, Hitachi, Murata, Seiko Instruments, Nikko Capital, Safeguard Scientific and Mellon Ventures. Portfolio companies include Telegate Ltd. (sold to Terayon), Morecom Inc. (sold to Liberate), Metalink Ltd. (NASDAQ: MTLK), Tradeum Inc. (sold to VerticalNet), VisionTech Inc. (sold to Broadcom), SHL TeleMedicine Inc. (SWX: SHLTN), PowerDsine Ltd., ImageID Ltd., Actelis Networks Inc., Scopus Network Technologies Ltd., congruency Inc., Hyperchip Inc., and Solidum Systems Corp. For further information, please visit the Company’s website at http://www.vertexisrael.co.il/.

About Israel Discount Capital Markets and Investments

Discount Capital Markets, a strategic partner of the Vertex Management Israel, has committed to invest $15 million. Discount Capital Markets has already invested $70 million in VC funds and its involvement in Vertex is but one phase of its multi-facet operations that include establishing, managing and overseeing VC funds.

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