Sources inform "Globes" that RoosterNet is currently in the midst of considering several financial operations, of which the main one is an IPO on Nasdaq or a European stock exchange. Another option under consideration is acquiring a US public company, which would lead to the company being listed immediately, once the appropriate authorization is obtained from the US Securities and Exchange Commission. This possibility, however, is very unlikely.
The company declined to respond to the report.
RoosterNet's technology facilitates the transmission of notifications over both fixed and cellular communications lines. The notification informs the user of the arrival of e-mail and voice messages, of e-commerce events, of real-time news items of interest to him, and so forth. The technology enables a subscriber to obtain notification of events on both his mobile and fixed-line phones, even when he is off-line.
RoosterNet was founded in Israel in 1997. Its founder and the inventor of its patent is chairman Shmuel Wazana. The company was sold to US shareholders in 2000, who founded a US-registered company with the same name.
RoosterNet has 20 employees at its offices in New Jersey, Tel Aviv, Cape Town and Australia. Merav Maor is director of business development in Israel. Most company shareholders are angel investors from the US. RoosterNet has raised $5 million to date.
Published by Globes [online] - www.globes.co.il - on July 17, 2002