Fortissimo Capital Fund Completes Acquisition of Starhome

RAANANA, Israel, October 24, 2012 /PRNewswire/ --

Private equity fund Fortissimo Capital announced today that it has completed the acquisition of Starhome 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 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

Contact:

Eisenberg - Eliash Investor relations & Public relations:
 
Amir Eisenberg
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+972-52-8260285

Sara Selcer
sara@pr-ir.co.il
+972-52-4448262.