The Phimie Foundation enters the field of computing for the first time. The fund will control Emet Computing
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, One of the largest in the field of IT and hardware suppliers, after purchasing 62.5% of it with an investment of NIS 450 million at a price of NIS 16,245 per share. The value of the company in the market is NIS 800 million (before today’s jump – 28%).
Emet Computing sells at an annual rate of NIS 1.3 billion and its profit is at an annual rate of NIS 40-50 million. Gilon Beck, a senior partner in Phimie, will be appointed chairman of the board.
The company is one of the largest in the field of computing infrastructure in Israel and its capabilities include providing business and technological computing solutions for computing infrastructure (software and hardware) and applications for companies and government bodies. Under the IT division, the company provides technological solutions and consulting in various cyber fields, in the fields of integrated cloud technologies (Cloud) and is a developer of digital software products that combine complex applications and interfaces in mobile and WEB. In addition, the company specializes in OEM operations, in Israel and around the world (USA, UK) which includes technical characterization services, engineering design, charging and automatic testing of naughty computer systems.
The company has about 22 subsidiaries, 3 production sites in Israel (Rosh HaAyin, Haifa and Ashdod) and two other production sites in Boston (USA) and Reading (England). The company is headquartered in Ramat Gan and employs about 1,100 people worldwide.
Yishai Davidi, Chairman and Founder of the Pimi Foundation, He is one of the prominent people of the year for BizPortal surfers; Phimie is the most successful investment fund that has been here and it is also world class successful. This year it reached the 2nd place in the rankings of the year thanks to a series of exits (including cement at the end of the year), huge fundraising for the fund and improvements of several companies (including Polyram at the end of the year). In an interview with BizPortal’s People of the Year project, Davidi said: “There is no magic here. We work very hard, we have a clear methodology”
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Gilon Beck, Senior Partner at Phimie: “The investment in Emet Computing is a continuation of Phimie’s strategy in identifying companies with high growth potential, including in the field of technology and IT. Emet Computing has unique knowledge in the field of computing infrastructure and providing business and technological computing solutions and is considered a leader in its field. Our knowledge and experience in improving companies, we will grow the company in the local and global markets. “
The Phimie Fund is the largest private equity fund in Israel with managed assets of over $ 6 billion. The fund acquires control of companies and implements improvement processes in them. To date, the fund has acquired control of 95 companies and executed 64 of them in a volume of transactions of more than $ 5.5 billion. It currently employs more than 30,000 people and operates in about 50 factories in Israel and dozens of other factories and companies around the world.
To date, Pimi has invested in companies such as: Retalix, Rivlis, Novo-Log, Magal, Tami 4, Hamlet, Ormat, Ofir, Scoop, Medtechnika, Hamat, Gilat Satellite Systems, Metro Motor, Tat Technologies, Ordan, Aloni, Itung, Carmit , Nirlat, Tadiran Kesher, Lipman, Formula Systems, Orian, Rebel, Priortech, Solver, Givon, H. Mr., Overseas, Hadera Paper, Oxygen and Organization Factories, Polymer, PCB, Unitronics, Galam, Delek-Sen, G1 Security Systems, BIRD, Orbit, SOS Energy, Amiad, Simplia, Stern, ImageSat, Aitech, Kamhada, Rimonim Industries, Rafa , Elyakim Ben Ari and more.