Tegrity is completing a $2 million financing round, led by Clal Industries and Investments (TASE:CII). Ganden vice chairman Avi Fischer and IDB Holding Corp. (TASE:IDBH) vice chairman Zvi Livnat manage Clal Industries. Tegrity provide learning technology for institutions of higher education, schools, and companies.
Israel Infinity Venture Capital partner Avishai Silvershatz, who serves as Tegrity chairman on behalf of Clal Investments, said, "We chose to continue our investment in Tegrity, because it's the leader in its field."
Tegrity president CEO Isaac Segal said, "The company is growing rapidly. Clal Investments provides Tegrity with financial backing and strategic cooperation."
Tegrity's learning solutions enable education institutions and company training departments to create and distribute learning content at low cost.
Tegrity has 400 customers, including leading American universities, and has 30 employees. Tegrity is based in Santa Clara, California, and has a development center in Yehud. Its main shareholders are Clal Investments, and a group of private investors.
Published by Globes [online] - www.globes.co.il - on February 29, 2004