ActionBase, an Israel-based developer of an email-based system for tracking decision execution, has raised $6.5 million in new VC funding. Giza Venture Capital and Vertex Management co-led the round, and were joined by return backers Advantech Technologies and Sam Somech.
The venture capital firms
ActionBase is a leading solution provider in the field of Activity and Decision Management. ActionBase provides an easy to use email based system designed for tracking decision execution through its entire lifecycle – including all the relevant documents, meetings, action items, decisions and emails, thereby alleviating the problem of information overload. ActionBase's existing customer base is over 150 of the leading companies in Israeli and international markets.
ActionBase addresses business' ongoing need to follow-up on the execution of strategy and plans, allowing unstructured and ad-hoc business processes to be to managed and tracked as easily as if they were part of the organization's structured IT processes (e.g. ERP, CRM). ActionBase's unique advantage is that it allows managers to easily define, implement and monitor these ad-hoc processes on their own, without the need to involve the IT department.
Sam Somech, Chairman of the Board, says that he is “very pleased to have such leading venture capital firms as
ActionBase is managed by Eyal Maor, who possesses extensive experience in both enterprise software and security. Among other positions Maor worked at Aladdin Knowledge Systems (Nasdaq. ALDN) as Corporate VP of Business Development and Vice President of Sales. The company's CTO is Dr. Jacob Ukelson, who served in a similar position at Itemfield and IBM. Dan Gross, the company's former CEO, serves as the VP Sales and Business Development.
Vertex Venture Capital
Vertex Venture Capital is a top-tier player in the international venture capital arena; manages $650 million in venture capital in
Giza Venture Capital is one of the leading Israeli venture capital funds founded in 1992 as a pioneer investor in early-stage technology companies.
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