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Last update - 04:16 29/01/2008 eBay subsidiary buys Israeli startup for 1200 percent return By Guy Grimland, TheMarker Tags: Fraud Sciences  The parade of 2008 exits marches on, with the buyout of Israeli startup Fraud Sciences by U.S. on-line auctioning giant eBay. Privately owned Fraud Sciences, which has developed technology for securing commercial transactions and the prevention of credit-card fraud on the Internet, will be acquired by Ebay's subsidiary, PayPal for about $170 million. Key personnel from Fraud Sciences, including Yossi Barak, Fraud Sciences' COO, and founders Shvat Shaked and Saar Wilf, will join the company's technology and fraud management teams. Only $7 million have been invested in Fraud Science to date. Its main shareholders, BRM Capital and Eli Barkat, who acquired a 40% stake in the firm for $5 million, are set to make 12 times that amount ($70 million) from the exit. Founders Shvat Shaked and Saar Wilf will also be taking home $20 - $25 million each. Advertisement Fraud Sciences' exit is the latest in a series of successful sell-offs by the BRM fund. The venture capital fund has sold its holdings in three firms over the past two years, bringing in $150 million. As in this most recent case, the holdings were acquired by giants Intel, Microsoft and Primavera, which BRM says was an important element, alongside the price, in the transaction. BRM Capital's portfolio still has holdings worth an estimated $180 million in a number of startups. Fraud Sciences had originally meant to raise $11 million in a two-staged financing round, but in the course of the due diligence process, which included review of its technology, the firm was offered a buyout, and negotiations moved onto a different track. This will be eBay's second Israeli acquisition, after it bought out Shopping.com in 2005, whose system provides price comparison solutions, for $634 million. Bookmark to del.icio.us   Kitler Cat Germany's Green Party uses a cat resembling Hitler to criticize extreme rightists. Sorrymania Israel is reportedly planning to apologize to ex-Beatles for banning a concert in 1965.   1.   MAZAL TOV It just keeps getting better all the time 04:37  |  PETER SM 29/01/08   2.   Congrats to Israeli Ingenuity 06:58  |  Gina 29/01/08   3.   Something else to boycott! 08:52  |  Nik Miller 29/01/08

Today Online Obama: Opponents trying to weaken my support among Jews Responses: 165 Amir Oren: Hamas has made a mockery of Olmert, Barak Responses: 20 Yoel Marcus: Let's not rush to demand Olmert's head Send response World Jewish leaders gear up to block division of J'lem Responses: 25 Officials: Israel won't block PA control of Gaza border Responses: 11 In final State of the Union, Bush calls for democratic Palestine Responses: 34 Rosner's Domain Obama, the first Jewish president (What To Read) Lieberman: Why McCain's the man for Israel-lovers New Guest: Diaspora Jews need to be heard on Jerusalem. Two days before the Florida primary, Rudy seeks solace in football McCain using support for Israel to court Jews - and Christians More Headlines 11:27 Officials: Israel won't block Abbas from controlling Gaza crossings 14:13 Islamic Movement head charged with incitement to racism, violence 12:46 Sources: Olmert rejects Labor talk of early elections 11:56 ADL presses protest of Serbian hotel's popular Adolf Hitler suite 12:40 In final State of the Union, Bush reiterates call for democratic Palestine 11:15 Jerusalem issue to take center stage at WJC board meeting Tuesday 14:23 Stormy weather sweeps through country as J'lem braces for snow 10:08 Dollar dives 2% against shekel to NIS 3.64 in bank trading 11:15 IDF worried Lebanon war probe report will damage its image 11:16 Reservists urging PM ouster drop focus on last 60 hours of Lebanon war 05:29 Israel to NASA: Ready to provide first astronaut since Columbia disaster 05:19 Study: Israelis feel less secure since end of Second Lebanon War 04:16 eBay subsidiary buys Israeli startup for 1200 percent return Previous Editions Select Day 28 jan 27 jan 25 jan 24 jan 23 jan 22 jan 21 jan 20 jan 18 jan 17 jan 16 jan 15 jan

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