Exit lukewarm: Microsoft acquired by Eli Barkat Fendo Investment costs
Calcalist "learned that the start - up from New York has sold about 11 million, the amount invested in it over the years. Fendo developed a rapid distribution of media files online, which will give an edge to Microsoft's Xbox competition against Sony's PlayStation
A start - up Fendo New York was sold to Microsoft in recent days - Calcalist learned. " According to industry estimates, there is an impressive exit, apparently Microsoft did not pay more than 11 million dollars invested Fendo over the years.
Fendo developed a file transfer service between P2P users, and made it the means of distribution based cloud service for games, video and software content giants, while active large file transfer service for consumers and businesses. The purchase was made in part to give Microsoft an advantage in sharing media files for the launch of the new Xbox gaming console is expected in June, and to compete with Sony, who revealed last month its future media console PlayStation 4.
Fendo is indeed an American company, but the first investor can be found in the BRM group of brothers to me and Eran Bareket and venture capital fund Intel Capital, is very active in Israel. The company directors Robert Levitan, who founded the company with Yaron Smid, and chief technology and operations Avi Cohen.
The company is located on Broadway in Manhattan and employs 23 workers. The acquisition transaction was carried AcquHiring - Purchase for the employment of employees, led by Cohen, considered one of the world's experts in the field of transfer of media files.
Fendo technology, based in part on BitTorrent technology, enables companies to distribute content and media to connect their system accelerating the transfer of content networks (CDN), enabling quick file transfer popular P2P network and file transfer less popular and more Nistiim CDN networks.
Fendo launched in 2007 P4P service, developed in partnership with cellular operator Verizon. The service is designed for carriers to accelerate the download speed whenever made file sharing network.
More than 30 million users have installed the software Fendo File Transfer, which allows sending free files size up to 1 GB - SATA. The clients of Fendo one of American television network NBC Universal, which uses its own technology to deliver HD TV PC.
In recent years the gaming industry has become the biggest client of Fendo, thanks to technology that allows distribution of games with a volume of installation files over 1 GB - SATA. Its customers include Nexon, Riot Games, Turbine, Gala-Net and LevelUp.
