from the November 2006 issue

Microsoft buys Israeli startup Gteko for $110m

Microsoft announced an agreement to acquire the Ra'anana, Israel-based startup Gteko Ltd. Microsoft will pay $110 million for the acquisition of the Israeli company.

Gteko, founded in 1992, is headquartered in Ra'anana, with offices in New York and Tokyo. Their most recent round of funding included investments from Pitango and Intel Capital, among others. Gteko manufactures ease-of-use networking and support software for the digital home.

"Our companies have many complementary strengths and a closely aligned vision for delivering leading PC problem-solving solutions to customers directly and with our partners," said Dr. Joshua Glazer, chief executive officer of Gteko. "Together, Microsoft and Gteko have exceptionally deep technology expertise to offer this market," He added

Reprinted from the Israel High-Tech & Investment Report November 2006

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