AMPAL Announces Dell Ventures' Investment in XACCT.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--May 2, 2001 Ampal-American Israel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMPL (language) AMPL - Along with mpl, the intrinsic parallel languages for MasPar's computers. AMPL and mpl are parallel variants of C. Ampl is actually now a gcc port. ["AMPL: Design, Implementation and Evaluation of a Multiprocessing Language", R. Dannenberg, CMU 1981]. ) announced today that Dell Ventures, the investment division of Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. (NASDAQ:DELL), has made a strategic investment in Ampal's investee company, XACCT Technologies Ltd. This investment was made on the same terms and as part of the previous financing round announced February 23, 2001. XACCT will use the funds raised in this round to support its rapid expansion as it continues to offer its "Network-to-Business" (N2B N2B Not Too Bad (internet chat) (TM)) platform to Network Service Providers around the world. "XACCT provides the type of network infrastructure technology that will make the Internet an ever more powerful business tool," said Steve Bailey, principal of Dell Ventures. "XACCT's N2B platform has strategic potential to penetrate the high-growth opportunities within the next-generation business software markets." "Dell's investment in XACCT is a business partner's vote of confidence in XACCT's technology and business future," said Raz Steinmetz, the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ampal. XACCT is a leading provider of business infrastructure software for the next-generation public network. XACCT's N2B platform provides a single point of interface between the operations and business support systems and the physical network. Using this platform, Network Service Providers can implement new business models and offer high-margin enhanced services. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal's primary investment focus is the growing high-technology and communications sector. Ampal has diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution and industry. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Web site at www.kcsa.com. |
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