Infinity Group Sells “Mate” IP and I-China Security Marketing and Distribution Rights to Anxin-China for Nearly US$ 30 Million
BEIJING, July 26, 2012 /PRNewswire/ –
Infinity Group, a cross-border platform known for its strong roots in China, its vast,
global network of technology and innovation, and its “China Outbound” initiative, which
supports Chinese companies with an interest in international business, announced today
that it has sold Mate IP and I-China Security marketing and distribution rights to
Anxin-China Holdings Limited (1149.HK) for US$30 million. The first part of the
transaction totaling US$15 million, 50% in shares and 50% in cash, has been completed. The
second part of the transaction remains pending and is based on the fulfillment of
milestones. Meitar Liquornik Geva & Leshem Brandwein handled the legal work.
Mate develops and sells advanced content analysis and transmission as well as
management products for safety and retail applications. Anxin-China Holdings Limited is an
investment holding company.
“The Mate/Anxin deal is another important milestone for Infinity, as we believe there
is great potential for other like deals in the future. The market in China for Mate’s
technology is huge. This is only the beginning,” said Infinity Group managing partner Mr.
Ariel Poppel, managing director of finance at Infinity Group said, “Infinity believes
Anxin is a great platform for safe city solutions. Infinity will work closely with Anxin
on implementing advanced solutions in China. We have also committed to owning 5% of
Today’s announcement marks Infinity’s 10th sale to a Chinese company of IP originating
from outside of China. Development of the Mate technology began in 2007 after Infinity
took control of the company, which was founded in Israel.
Under the terms of the agreement, for the next three years, Infinity will assist Anxin
in expanding and developing markets for ISD platforms. This coincides with Infinity’s
well-defined policy to oversee technology cooperation, lend guidance and provide the
business services necessary to helping partner companies succeed.
Infinity Group also announced today that, together with Z-Park Venture Capital in
Beijing, it has invested 20 Million RMB (nearly US$3.2 Million) in Memblaze, a high-speed
storage hardware start-up company.
“As has long been a part of our value added deliverable, Infinity guided Memblaze
through its recent history including a financing process, HR, company structuring and
marketing. With the comprehensive assistance from Infinity, Memblaze’s core technology
incubated properly and then was commercialized both in domestic and international markets.
It is a success we are proud of, enough to invest, as announced today,” said Mr. Gal-Or.
According to an industry report, solid storage solutions will be the major solution
for corporate-level storage, especially for PCIE-Port PCIE-SSD discs. Beginning in 2012,
PCIE-SSD market growth in China is anticipated to surpass 500% annually.
Mr. Max Li, senior associate at Infinity Group, said, “Memblaze caught our attention,
as the team met our expectations and various thresholds of consideration. It also enabled
Infinity to implement an expertise gained from Maayan Ventures, credited with the start of
more than 50 early stage companies. It is a pleasure to be exercising in China such
About Infinity Group
Infinity Group is a cross-border platform known for its strong roots in China, its
vast, global network of technology and innovation, and its “China Outbound” initiative,
which supports Chinese companies with an interest in international business. It is also
the founder of the Infinity IP Bank, the hub for IP development and commercialization in
China. Infinity Group currently manages 16 funds, 14 in China. Infinity has a portfolio of
45 companies and has made 22 successful exits. Infinity, which has the greatest number of
RMB funds in China. Sectors of focus include: information technology, medical device and
services, water clean tech, agriculture and materials. Infinity currently has offices in
Beijing, Changzhou, Chengdu, Chongqing, Harbin, Hong Kong, Jining, New York, Ningbo,
Shanghai, Shijiazhuang, Suzhou, Tel Aviv and Tianjin. For more information, please visit
Press contacts: Marjie Hadad, firstname.lastname@example.org, +972-54-536-5220 For Chinese language inquiries: Joey Zhu, email@example.com, +008613601212411
SOURCE Infinity I-China