Business in Brief
Accenture mulls opening Israeli R&D center
Accenture, the multinational management consulting and technology service company, is considering opening a research and development center in Israel. A delegation from the company that visited at the beginning of the month met with officials from R&D centers run by other multinationals in an effort to determine the costs and logistics involved. The group, which was led by the company’s chief technology officer, Paul Daugherty, met with the chief scientist at the Economy Ministry, Avi Hasson. They also had contact with officials from Israeli high-tech companies with an eye to possible cooperation or acquisition. Accenture, which currently has an office in Herzliya employing about 40 staff and a worldwide workforce of more than 280,000 in 56 countries, declined to comment for this article.
Broadcom sells its Siliquent unit for $147m
Broadcom, the American semiconductor firm, has sold its Siliquent Technologies unit – along with some other related operations in Israel and abroad – to QLogic for $147 million in cash. Broadcom, which bought Siliquent in 2005 for $84 million, announced the sale last week. Siliquent’s products offer expanded Ethernet applications, and its Israeli workforce of about 50 staff is expected to be retained by QLogic on the employees’ current employment terms. Siliquent was founded in 2000 by Amit Oren and Dan Arazi (who had been senior executives at Orckit). It had about 40 employees at its Ramat Gan development center and California company headquarters when it was initially acquired. QLogic, which produces networking equiopment, is based in Aliso Viejo, California.
FireLayers sparks investment from YL Ventures
FireLayers has ended its stealth mode phase to announce that it has raised several million dollars from the American-Israeli venture capital firm YL Ventures. FireLayers was founded about a year ago by Yair Grindlinger and Doron Elgressy, and is engaged, in part, in developing cyber security systems suited for the cloud computing sector. It currently has a staff of 10 in Netanya and San Francisco. Its technology is being used on a pilot basis by clients in Israel and abroad. Grindlinger, who is FireLayers’ CEO, was chief executive officer at PortAuthority, a firm that was sold to Websense for about $90 million in 2006.