Viola Credit

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
TypePrivate
IndustryPrivate Equity Private Equity
Founded2000
FoundersViola Group, Ruthi Simha and Moti Weiss
Headquarters
Herzliya
,
Israel
Websitewww.viola-group.com/fund/violacredit

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. "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. "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.
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