Camelot Secures $21 Million From Key Investors Including SOFTBANK'S Seed Capital Partners, PCG Ventures, Star, Koor VC and Ampal.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000 Opens North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Company Readies Launch of Security Solution Camelot Information Technologies Ltd., an innovative technology company that provides security solutions for today's networked business environment, today announced a Series B round of financing for more than $21 million from key investors from around the world. The company will use the financing to significantly expand current operations and support increased marketing efforts for the launch of its first security solution this winter. Recognizing the expansive market potential of Camelot's proprietary technology, a number of blue-chip experienced investors funded this round, including Seed Capital Partners an early-stage venture fund affiliated with SOFTBANK Corporation, Israeli-led technology investors Star, Ampal-American Israel Corporation, Koor Corporate Venture Capital, Ophirtech Ltd, Global Technology Ventures, and U.S.-based investor PCG PCG phonocardiogram. Ventures, the venture capital arm of Pacific Capital Group. Pacific Capital Group is the Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. based merchant bank that established Global Crossing. This group of well-known investors in the security market has been instrumental in investing and bringing to the market successful security companies such as Check Point Software and Memco. "In today's highly competitive global business environment, information breaches can be costly and devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. ," says Ron Schreiber, Managing Partner of Seed Capital Partners. "Security is one of the hottest topics in the market today and Camelot is well positioned to be a leader. Seed Capital Partners strives to find and invest in only the most innovative technology companies and believes that Camelot has all the assets to be a leading player in the security market." "To secure a round of this size in the current market climate is an extreme vote of confidence in both Camelot and our technology," said Yuval Baharav, Chairman and 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 Camelot Information Technologies Ltd. "Attracting a group of experienced investors of this quality is thrilling and we welcome their input and counsel as we launch our security solution - a solution that is said to be at least two years ahead of the market." "Our expanded presence in New York and the U.S. positions Camelot as a world class technology company and we're excited about the market opportunities that lie ahead," added Baharav. Camelot's senior management team is comprised of seasoned industry executives, security veterans and technology savvy developers including Yuval Baharav, Chairman and CEO, the driving force behind Camelot who is involved in all aspects of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and development. Before founding Camelot, Yuval was a director and member of the Investment Committee at Koor Technologies. Before joining Camelot, Ofer Gadish, Camelot's CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , developed software for the Technion and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Yair Rubin, Camelot's Vice President, Product Marketing worked in the Information Security Department of the Israel Air Force and was also the Computer Information Security Department Manager. Based in Camelot's North American headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Jonathan Caplan leads Camelot's U.S. sales and marketing efforts. Jonathan brings valuable corporate experience, including building a successful and profitable sales group at Computer Associates International (CA). At CA he achieved 10 consecutive quarters of growing sales and clientele. About Camelot Camelot is a technology company that provides security solutions for today's networked business environment. Established in 1999, Camelot is an innovative, reliable and resourceful re·source·ful adj. Able to act effectively or imaginatively, especially in difficult situations. re·source  ful·ly adv. company developing market-changing security and technology management solutions. Camelot's international headquarters is located in Haifa, Israel and the company's North American headquarters is located in New York City. Camelot's first security solution is currently undergoing successful beta trials in anticipation of the official launch and general availability in January 2001. More information about Camelot can be found at http://www.Camelot.com.
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