March 27, 2008 2:24 PM
BeInSync, Inc. bought by Phoenix Technologies
TechCrunch and Globes are reporting that user-driven data management company, BeInSync has been acquired by core systems firmware provider, Phoenix Technologies for $25 million. BeInSync was first featured on Israel Innovation 2.0 earlier this month after it was announced that the company was a finalist in the 2008 Webware 100' Awards in the Utility & Security field. According to the news release from Phoenix Technologies,
"The integration of breakthrough synchronization technology from BeInSync will allow Phoenix and its customers to help end-users alleviate concerns about the loss of important files and to give them complete mobile freedom to access their data from any Internet-connected computer."BeInSync founder and VP R&D Sharon Carmel will continue to work for Phoenix and its Tel Aviv operations will be maintained. Regarding whether or not BeInSync wins a Webware 100 award, its management team and investors are certainly already taking home a better prize.
About the author: Lisa Damast is the Membership Manager of ebizQ.net and currently resides in Israel. Any questions or inquiries regarding this blog or ebizQ membership services can be directed to her via email at ldamast (at) ebizq (dot) net. She can also be followed on Twitter, where she covers additional Israeli technology companies and Israel-related headlines and topics.
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