Sybase, one of the largest software companies in the world announced it plans to invest $300 million in Israeli e-commerce and financial start ups, Haaretz reported Monday.
Raj Nathan, the senior vice president and general manager of the Internet application division, was quoted by the Israeli paper as saying that "Sybase is particularly interested in start ups specializing in technology to transfer data from a central computer to a wireless facility, and in the connection between wireless equipment and Internet suppliers.”
The US Sybase will conduct its investments through the venture capital fund of Ness Technologies, which acts as Sybase's representative in Israel, the daily added - Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)
