Green has risen almost 8,000% since mid-February 1999.
Green Software Developments, which is controlled by Yitzhak Tshuva, completed its acquisition of a controlling interest in Compulite from Dan Redler and Alfred Senator. Green, which currently encompasses three venture capital funds traded on the stock exchange (Mofet, Marathon, and Sadot R&D), paid NIS 14 million for 54.2% of the shares in Compulite. Compulite is expected to become a stock exchange shell company after the sale of its business activity to Senator and Redler.
Green announced its expected acquisition of control on Compulite on January 10 at a price 50% higher than market, which caused an immediate adjustment in the value of Compulite shares. Compulite develops computerized control systems and electro-optic products for television studios, theaters, and public halls.
Green apparently plans to have Compulite take on additional activities in the technology field. Green announced this week its intention to raise capital on the Tel Aviv Stock Exchange in order to expand this activity.
Published by Israel's Business Arena on January 12, 2000