Fortissimo Capital Fund Completes Acquisition of Starhome
RAANANA, Israel, October 24, 2012 /PRNewswire/ –
Private equity fund Fortissimo Capital [http://www.ffcapital.com ] announced today
that it has completed the acquisition of Starhome [http://www.starhome.com ] from Comverse
Technology and other shareholders.
Founded in 1999, Starhome is a leading provider of international roaming solutions.
The company’s innovative roaming management tools enable wireless operators to generate
high-margin revenues from Starhome’s multi-network reach; offer seamless out-of-network
subscriber services; collaborate with other wireless operators; gain intelligence about
their customers; and maximize network efficiency.
Starhome’s products are used by more than 200 mobile operators worldwide, including by
20 of the 30 largest operators in the world. More than 50% of global roaming traffic
occurs through Starhome’s technology. The company has 220 employees, including 180
employees in Israel.
Yuval Cohen, founding and managing partner of Fortissimo, said: “we are attracted to
Starhome primarily due to its technological and market leadership. Our long term strategy
includes investing in the further expansion of the product portfolio and increasing the
customer base. Market dynamics, such as requirements arising from upgrading existing
networks to 4G and LTE will further enhance the company’s growth.”
About Fortissimo Capital:
Fortissimo Capital [http://www.ffcapital.com ] is a group of private equity funds managing
half a billion dollars and specializing in investments in public and private
Israeli-related technology and industrial companies. Fortissimo Capital focuses on growth
companies and on companies in special situations. Fortissimo’s successful exits include
the sale of AOD to Primus Capital, Nur Microprinters to HP for $ 123 million in cash, the
sale of Cadent Align for $ 190 million and the public offering of Soda Stream on Nasdaq
and the sale of its holdings at a company value of $ 800 million. Fortissimo Capital’s
investors include leading financial institutions in Israel and abroad, including insurance
companies, banks and pension funds. Fortissimo’s partners include: Yuval Cohen (founding
and managing partner), Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen and Yoav
Hineman. For more information visit: www.ffcapital.com [http://www.ffcapital.com ]
Contact: Eisenberg - Eliash Investor relations & Public relations: Amir Eisenberg email@example.com +972-52-8260285 Sara Selcer firstname.lastname@example.org +972-52-4448262.
SOURCE Fortissimo Capital