Maybe it runs in the family. The sister of Kobi Alexander - founder and CEO of Comverse, which trades on the Nasdaq exchange at a company value of around $5 billion - has established a successful venture.
Storage vendor EMC announced yesterday that it was buying the American company SMARTS, an event-automation and real-time network systems management software vendor, for $260 million in cash. Shaula Alexander Yemini, Kobi's sister, is founder and president of SMARTS. The company has branches worldwide, although not in Israel, and is headquartered in New York, where Alexander Yemini lives.
Alexander Yemini, 56, started SMARTS in 1993. Before then, she worked at IBM for several years, and held several positions, including manager of the firm's development center in Haifa. She also helped develop several R&D plans for IBM worldwide.
She has a B.Sc. in Mathematics and Physics and M.Sc. in Applied Mathematics from the Hebrew University in Jerusalem and Ph.D. in Computer Science from the University of California at Los Angeles (UCLA).
Alexander Yemini welcomed the EMC deal yesterday. "This is the right move at the right time for SMARTS," she said. "EMC and SMARTS share a complementary vision for the increasing importance of infrastructure management, sell to the same large enterprises and service providers, and a have mutual respect for each other's culture of innovation."