Israel Newsletter News Roundup 7/9/2007

Written by: Zack Miller | July 9, 2007

Innovator of data-capture solutions, Top Image Systems (TISA) announced today a strategic acquisition of leading EDM provider in Asia Pacific, Asiasoft. The 51% purchase of Asiasoft gives TISA an accretive acquisition that gets them to a $30MM revenue-per-year mark that the company set as a benchmark for investors earlier this year.

Interesting, if not a little too rah-rah, interview with IncrediMail’s (MAIL) founders. Interesting to hear about their marketing and M&A strategy and replete with the requisite cheerleading. “We’re now in the stages of growth and the company’s market cap does not reflect its potential at all,” insists founder, Ofer Adler.

Just in case, US managers were feeling lonely, Israel also has its share of corporate largess. The Marker has the story about outgoing Israel Corp CEO’s large parachute. That’ll buy some falafel.

UBS getting bullish on the shekel/dollar exchange.

Good read on Veraz (VRAZ) post-IPO and getting down to business.  Read about the company’s take on the future of Voice Over IP (VOIP).

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