Israeli high-tech companies long ago realized that Wall Street is not only an arena for raising money through offerings, but also the a major concentration of consumers hungry for information technologies. The problem has always been how to reach the top management of the hundreds of banks, investment houses, brokers, and other financial institutions scattered across Manhattan.
Israel Minister for Economic Affairs in New York Yair Shiran has found a way to satisfy at least part of Wall Street’s demand for Israel’s broad range of information technologies. At a conference three days ago in New York that he initiated, some of the largest financial institutions in the US were exposed to the technologies of 19 prominent Israeli companies with solutions for security and storage problems.
Shiran was assisted by Zvi Gal, technology systems manager at Deutsche Bank, which hosted the event. Participants included Bear Stearns (NYSE: BSC), Citigroup (NYSE: C), Credit Suisse Group (NYSE: CSR; SWX: CSGN; XETRA: CSGZ), Goldman Sachs (NYSE: GS), and Goldman Sachs (NYSE: GS). The Israeli contingent included BluePhoenix Solutions Ltd. (Nasdaq: BPHX; TASE: BPHX), Actimize Inc., Axxana Inc., Finjan Inc., GigaSpaces, Insightix Ltd.Kidaro (Israel) Ltd., OpTier Ltd., PerSay Inc., RIT Technologies Ltd. (Nasdaq: RITT), Safend Ltd., Sentrigo Inc., Storewiz Inc., Traiana Inc., Voltaire, WonderNet Ltd., and XIV Ltd.
Shiran said, “The conference can already be considered a success. I predict that many contracts will result, which will enable participating start-ups to gain a foothold in the US.”
Published by Globes [online], Israel business news - www.globes.co.il - on May 17, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007