Jerusalem Venture Partners

Jerusalem Venture Partners (JVP)

Type	Limited liability company
Industry	Venture Capital
Founded	1993
Headquarters	Jerusalem, Israel New York, United States
Key people	Erel Margalit (Founder and Managing Partner) Kobi Rozengarten (General Partner) Gadi Tirosh (General Partner)
Products	Investments
Website	www.jvpvc.com

Jerusalem Venture Partners (JVP) is an Israeli-based venture capital firm, with offices in the JVP Media Quarter in Jerusalem and in New York City.

History

JVP, founded by Erel Margalit in 1993, is a private equity and venture capital firm specializing in incubation and early-stage investments in private companies. the JVP Fund currently runs investments of approximately 930 million dollars in eight funds, and specializes in investments in media, internet, mobile telephony, advertising and gaming industries.

JVP has overseen at least 24 successful exits, more than any other Israel-based investor. The firm has led some of the most successful exits in Israeli history, including the IPO of Qlik Technologies--currently valued at more than $2 billion—and the sale of Chromatis Networks to Lucent Technologies for $4.8 billion, the largest sale of an Israeli company ever to that point.^[1][2] Additional notable companies backed by JVP are Allot Communications, Altair Semiconductor, AnyClip, Cogent Communications, Cyber-Ark, Fundtech, Jacada, Netro, Playcast Media Systems, Precise, Sheer Networks, Qlipso, XMPie and more.

In 2005, Forbes international business magazine selected Margalit as the top-ranking non-American venture capitalist on its prestigious "Midas (The Golden Touch) List.” ^[3] In 2010, The Marker Magazine named him the best venture capitalist in Israel.^[4]

JVP Media Quarter

In 2006, Erel Margalit formed and developed the new Media Quarter in and around the historical train station compound in Jerusalem. Beside the main venture capital firm, the Media Quarter also includes JVP Media Labs, a technological early stage investment incubator; 14 start-up media companies including "Animation Lab", a CGI animated feature film studio; "Zappa Jerusalem", one of Jerusalem's largest concert halls, and "The Lab", an arts incubator for Jerusalem performing artists.

Currently over 300 young employees work in the JVP Media Quarter, including engineers, artists, authors, filmmakers, and cultural figures. The Media Quarter has become one of the most innovative cultural and business scenes in Israel.^[5]

Exits (partial list)

Company	Industry	Description	Exit Date	Exit Type
Scorpio Communications	Communications and networking	Asynchronous Transfer Mode (ATM) networking systems and sub-systems.	August 1996	Acquired by USRobotics for $72M[6]
Summit Design	Electronics and Semiconductors	The electronic design automation (EDA) company that pioneered the field of Electronic system-level design and verification	October 1996	IPO on NASDAQ in 1996[7] , acquired by Mentor Graphics in 2006[8]
Fundtech	Software	A leading provider of software and services to banks, including: Payments systems, ACH origination systems and Cash management systems.	March 1998	IPO on NASDAQ[9]
Netro	Communications and networking	High-speed digital wireless networking equipment for the “Last mile"	August 1999	IPO on NASDAQ[10]
Jacada	Software	Unified service desktop and process optimization solutions that simplify and automate customer service processes	October 1999	IPO on NASDAQ[11]
Ultracom Communications	Communications and networking	Supplier of broadband system-on-chip solutions	March 2000	Acquired by Terayon for $32m[12]
T.sqware	Communications and networking	Network processors for edge equipment	April 2000	Acquired by Globespan for $200m[13]
Chromatis Networks	Communications and networking	Optical transport systems for data and voice communications on metropolitan fiber optic networks	May 2000	Aquired by Lucent Technologies for $4.8 billion
Precise Software	Software	A global leader in Application performance management and Business transaction management solutions	June 2000	IPO on NASDAQ[14]
ViryaNet	Software	Mobile workforce management solutions	September 2000	IPO on NASDAQ[15]
Magnifire WebSystems	Communications and networking	Web application firewall products	June 2004	Acquired by F5 Networks for $29m[16]
PowerDsine	Communications and networking	Power over Ethernet pioneers	June 2004	IPO on NASDAQ[17]

See also

• Venture capital in Israel
• Silicon Wadi
• Science and technology in Israel

References

1. ^ "JVP Venture Capital". About. http://www.jvpvc.com/funds-about. Retrieved 5/2/11. 
2. ^ "CrunchBase". Erel N. Margalit. TechCrunch. http://www.crunchbase.com/person/erel-n-margalit. Retrieved 5/2/11. 
3. ^ "Forbes". The Midas List. Forbes Publishing. http://www.forbes.com/finance/lists/99/2005/LIR.jhtml?passListId=99&passYear=2005&passListType=Person&uniqueId=BLMA&datatype=Person. Retrieved 5/2/11. 
4. ^ "מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב". The Marker. http://www.themarker.com/hitech/1.576997. Retrieved 5/2/11. 
5. ^ "JVP Venture Capital". About the Media Quarter. http://www.jvpvc.com/about-the-media-quarter. Retrieved 5/2/11. 
6. ^ "U.S. Robotics buys Scorpio". Chicago Tribune. August 29, 1996. http://articles.chicagotribune.com/1996-08-29/news/9608300321_1_robotics-acquisition-of-scorpio-communications-designs. 
7. ^ "Summit Design Commences Initial Public Offering of Common Stock". EETimes. 10/21/1996. http://www.eetimes.com/electronics-news/4146435/Summit-Design-Commences-Initial-Public-Offering-of-Common-Stock. 
8. ^ Cheung, Ken (October 24, 2006). "Mentor Graphics Acquires Summit Design". EDA Geek. http://edageek.com/2006/10/24/mentor-graphics-acquires-summit-design/. 
9. ^ "Fundtech Ltd. Commences Initial Public Offering of 3.0 Million Ordinary Shares at a Price of $13 Per Share.", Business Wire -- March 13, 1998 --, http://www.encyclopedia.com/doc/1G1-20384921.html 
10. ^ "Strong Debuts for Netro, Wink as IPO Angst Lifts". Los Angeles Times. August 20, 1999. http://articles.latimes.com/1999/aug/20/business/fi-1936. 
11. ^ "Jacada announces IPO". Washington Business Journal. October 22, 1999. http://www.accessmylibrary.com/article-1G1-57444780/jacada-announces-ipo.html. 
12. ^ "Terayon Acquires Ultracom for Broadband Systems-on-Silicon; Expands Terayon's Broadband Silicon Portfolio to Wireless and DSL". Wireless Design Online. March 29, 2000. http://www.wirelessdesignonline.com/article.mvc/Terayon-Acquires-Ultracom-for-Broadband-Syste-0001. 
13. ^ Wirbel, Loring (4/26/2000). "Globespan snaps up T.sqware for $200 million". EE Times. http://www.eetimes.com/electronics-news/4040022/Globespan-snaps-up-T-sqware-for-200-million. 
14. ^ "Precise Software Solutions Profile", Information Management Magazine, June 2001, http://www.information-management.com/issues/20010601/3485-1.html, retrieved 2009-11-03 
15. ^ ViryaNet Announces Initial Public Offering September 19, 2000
16. ^ "F5 snaps up MagniFire". http://www.theregister.co.uk/2004/06/01/f5_buys_magnifire/. Retrieved 2010-08-27. 
17. ^ "Israel's PowerDsine raises $59m in IPO". Israel21c. June 13, 2004. http://dev.israel21c.org/200406134763/briefs/israel-s-powerdsine-raises-$59m-in-ipo.