Barkat joins BRM Managing Directors Menashe Ezra and Charlie Federma
BRM Capital announced today that, effective January 1, 2004, Eli Barkat will be joining the fund as a Managing Director. Barkat, joins Managing Directors Menashe Ezra and Charlie Federman. Eli Barkat, who is a co-founder and a substantial investor in the fund, will focus his energies on supporting new and existing investments in the software domain. Barkat, who currently serves as Chairman and CEO of BackWeb, will relinquish his CEO responsibilities as of January 2004
According to Menashe Ezra, a Managing Director of BRM Capital, who is responsible for the fund's investments in the field of Components and Communications, "We have enjoyed a long relationship with Eli and are pleased that he is joining the executive team.. Eli's deep experience as an entrepreneur and executive in software companies will contribute a great deal to BRM Capital in locating potential investments, while at the same time helping our portfolio companies strengthens their capabilities".
Barkat added that "After 8 years abroad, I'm glad to return to Israel as I believe in the great potential of the Israeli high-tech field. I expect to be actively involved with entrepreneurs, using my blend of Israeli and international experience to assist growing young companies."
BRM Capital is jointly managed by Menashe Ezra, who handles the fund's investments in Components and Communications, and Charlie Federman, who manages the fund from the United States, and handles software investments. BRM is considered one of the leading venture capital funds in Israel, and has $250 million dollars under management, including the $150 million BRM Capital Fund.
BRM Capital focuses on investments in emerging companies within the fields of software, components and communications. The fund specializes in investments in Israeli related companies. BRM's latest fund has invested in companies such as, Schema, Prosight, Percite, Whale, Kamoon, Invoke, Oplus, Passave, and HumanEyes.
For additional information:
Anat Ochana/Danielle Ralph Arad Communications 03-6440404
Anat 052-927815 Danielle 053-927683