Tech Nation / PlaySight Successfully Courts Investment From Tennis Stars

LetMobile gets bought by U.S. firm Landesk and Clarizen enjoys new collaboration with venture capitalists.

Inbal Orpaz
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Novak DjokovicCredit: AP
Inbal Orpaz

PlaySight Interactive nets $3.5m investment from tennis stars

Israeli sports technology company PlaySight Interactive announced last week that it had wrapped up a $3.5 million investment round from high-profile private investors, including tennis stars Novak Djokovic and Billie Jean King. The new capital will fund a global roll-out of PlaySight’s SmartCourt tennis technology, as well as research and development on applications in other sports, the company said in a statement. PlaySight described its technology as combining advanced player analytics technology with video-replay and social media. According to its website, on the tennis court the system uses four cameras to enable tennis players to get a real-time and after-action review of their games. The firm’s CEO is Chen Shachar.

Landesk to buy LetMobile, build development center around it

Landesk, a privately owned American information technology software firm, announced last week that it would be acquiring Israel’s LetMobile, which will provide the foundation for a Landesk development center in Israel. The Israeli company – which was founded in 2011 by CEO Dror Todress, chairman Ron Rymon and Eran Livne, the firm’s chief product officer – provides gateway security protection to businesses for data accessed by employees on their own personal mobile devices. Landesk, which is based in South Jordan, Utah, has a staff of about 850. Its purchase price for Landesk was not disclosed, but is presumed to be in the area of about $15 million.

Clarizen closes $35m venture-funding round

Clarizen, a privately held California-based company with offices in Hod Hasharon, announced last week that it has closed a $35-million venture funding round led by Goldman Sachs. All existing investors in the company, which develops work management products and products that facilitate project collaboration among a number of individuals, participated in the round. They include Benchmark Capital, Carmel Ventures, DAG Ventures, Opus Capital and Vintage Investment Partners. Clarizen’s cofounder and CEO is Avinoam Nowogrodski.