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Firm’s Global Enterprise Operating Expertise Bolsters Early-Stage Tech Entrepreneurs Palo Alto, CA –  April 4, 2017 – Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on enterprise information technology opportunities in global markets, announced two more exits from BGV II – which first invested in 2014. Zentri, a BGV II seed investment, was acquired by Silicon Labs and Grid Dynamics, another early BGV II investment was acquired by Teamsun through their Hong Kong subsidiary Automated Systems Limited. “These two exits showcase our fund’s investment strategy when investing in early stage enterprise IT,” said Anik Bose, General Partner at Benhamou Global Ventures. “BGV’s cross border innovation combined with the partnership’s deep company building experience and ecosystem relationships continue to deliver favorable outcomes for each portfolio company, the technology, the management team and our investors.” While smaller VC funds, also known as Micro VC, are relatively new phenomena, a Cambridge Associates 2014 report found that funds with less than $500 million account for over half of value creation in venture capital most years. These two exits place BGV II at the top decile of historical average performance in the VC industry for vintage 2014 fund results. And, the unique no-management fee structure of BGV II has kept Benhamou Global Ventures well-aligned with its portfolio and its limited partners. Grid Dynamics Acquired by Teamsun Grid Dynamics, an engineering solutions company known for transformative, mission-critical cloud solutions for retail, finance and technology sectors was acquired by Teamsun (through their Hong Kong subsidiary ASL), one of the top 5 systems integrator in China. Teamsun acquired Grid Dynamics for it’s blue chip customer base, it’s world-class competency and industry specific blue prints in big data analytics, scalable omni-channel services, DevOps and cloud enablement. Grid Dynamics built a global profitable business with 700 + engineers in Eastern Europe. Teamsun, one of the top 5 systems integrator, in China is publicly traded on the Shanghai stock exchange (SHSE stock code: 600410). “Eric Benhamou and his team at BGV were instrumental in our successful growth and preparing us for the growth path we will continue now that we’ve joined Teamsun,” said Leonard Livschitz. “BGV understood our technology, our customers and the global marketplace in a way that helped ensure we maximized value and had the most significant impact possible.” “The success of our work with Leonard Livschitz, while CEO of Grid Dynamics, and with Victoria Livschitz, founder and CTO, is a testament to not only their entire team’s work ethics and technical skills, but also to their drive to create the best possible outcomes for Global 1000 customers,” said Eric Benhamou, founder of Benhamou Global Ventures and a director of Grid Dynamics. “Now as a driving force with Teamsun, I’m confident Leonard will continue to drive innovation and success for customers worldwide. Zentri Acquired by Silicon Labs Zentri, an innovator in low-power, cloud-connected Wi-Fi technologies for the Internet of Things was acquired by Silicon Labs which was announced by the companies in January 2017. Silicon Labs is a leading supplier of silicon, software, and solutions acquired Zentri for its unique combination of modules, embedded and cloud software, APIs and tools that enables rapid development of secure IoT end node products in a matter of weeks. By eliminating the need for wireless design expertise and providing a library of cloud-connected applications, Zentri allows IoT device makers to focus on differentiating their products and speeding time to market. About Benhamou Global Ventures BGV, is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise information technology opportunities in global markets. BGV currently has 20 active investments across its fund II and fund III portfolios.  The BGV team has successfully built and implemented a cross-border venture investing model with companies from Israel, Europe and Asia. The fund was founded by Eric Benhamou, former chairman and CEO of 3Com, Palm and co-founder of Bridge Communications. Comprised of an experienced partnership team of global operating executives and investors, BGV is often the first and most active institutional investor in a company and has a powerful network of technical advisors, executives and functional experts who actively engage with its portfolio companies. The company has offices in Palo Alto, California and Tel Aviv, Israel. Website: www.benhamouglobalventures.com Twitter: @BenhamouGlobalV Email: marketing@BGV.vc LinkedIn: https://www.linkedin.com/company/benhamou-global-ventures Media Contact: Laura Cruz, laura@tenorcom.com, 917.406.7517
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In the last part of a three-part blog, Sonal Puri, CEO of Webscale (a BGV portfolio company) shares the company’s vision, how its cloud application delivery platform is differentiated in the market and their move to the broader mid-market. WEB ONLY, CLOUD FIRST We have a saying at Webscale – “Deliver, no matter what.” It speaks to the laser focus we’ve had since the company was founded, to deliver an amazing web application user experience to every one of our customers, regardless of the situation. For our core target of mid-market e-commerce, those situations can vary greatly. Maybe they’re experiencing a major surge in traffic caused by a successful marketing promotion, or maybe their sudden perceived popularity is not so positive and happens in the form of a DDoS attack designed to take their site down. Whatever the circumstances, our promise to our customers is that we have their back, and their site will showcase the highest performance, availability and security that we can deliver, every day, no matter what. In addition to this, is our commitment to delivering the robust feature set of our cloud-based application delivery platform with a level of simplicity that has previously alluded this segment. What do we mean by simplicity? Well, it’s ease of use, first and foremost, and that starts with getting your critical web applications migrated into the cloud, with as little effort as possible, as a software-defined infrastructure. This auto-provisioning methodology means there is no need to re-write, saving massive amounts of time and resources, nor is there any need to lift-and-shift and use only a subset of the cloud’s capabilities. Once you’re deployed in the cloud, Webscale’s automated technology stack manages the rest – from predictive auto-scaling in the event of a traffic surge, content optimization and caching to ensure fast page load times, to a powerful web application firewall that will automatically block malicious attacks and apply rules to prevent any loss of business or corporate reputation. That simplicity continues with easy monthly billing and proactive support that identifies and resolves issues often before they’re even known, and certainly before they cause disruption. End of the day, its peace of mind, and it’s one of the most important things we bring our customers. Make no mistake – the mid-market e-commerce segment is no slouch when it comes to its demands on a web application infrastructure. Flash sales, viral events and seasonal fluctuations make sudden changes in traffic commonplace, and when your customer is likely to go to a competitor if your site takes more than three seconds to load, there is zero tolerance for performance or availability issues. For these reasons, e-commerce has been an excellent foundational segment for Webscale to target, and tackling these challenges has contributed to the development of a number of features that we uniquely enable in the application delivery segment. It’s one of the reasons that Webscale was recently named a Top Innovator in cloud application delivery by research firm IDC, citing simplicity as one of our key differentiators in the space. We predict that more than 90% of enterprise applications will be HTTP/S-based by 2020 based on our own experience with working on large scale enterprise network and application deployments. With its core expertise built around the delivery of web-based applications, Webscale is in the right place at the right time, with a mature platform designed to address the performance, availability and security issues that web-based applications will face when leveraging the public cloud. From migration, to deployment and simple ongoing management, Webscale has become a true partner to businesses wanting to deliver world-class web applications that not only delight their users, but truly use the cloud the way it was meant to be used – as a powerful and utility style computing platform with infinite resources, not just a static and oversized datacenter.
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