Technology Fast 50 Israel 2004 See What Counts

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Technology, Media & Telecommunications

Technology Fast 50 Israel 2004 See what counts

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2004 Deloitte Technology Fast 50 Technology Fast 50 Program Technology Fast 50 Program

Global Criteria - How to participate? The Deloitte Technology Fast 50 program is conducted in Companies can nominate themselves or be nominated by 19 US regions, Canada, UK (6 regions), Ireland, France, a third party, and must submit a completed nomination The Netherlands, 17 Countries from Central Europe, Australia, form and required attachments. To be eligible for the Hong Kong - China, Japan, South Korea, Italy, Germany, Technology Fast 50, a company must meet the following Sweden, Norway, Denmark and Israel. criteria:

Local Be a technology company defined as follows: This is the fifth year that Deloitte Brightman Almagor is Owning proprietary technology that contributes to a conducting the program in Israel. significant portion of the company’s revenues. Devoting a significant proportion of effort to research Participants and development of technology. The Technology Fast 50 list consists of public and private Revenues for 1999 must be at least USD 50,000. Israeli technology companies that fit the criteria of the Be in business a minimum of five years. program. The sources for the companies that make up the Be headquartered within Israel. list include public company databases and private company direct nominations.

Growth Measured by Revenues Fast 500 EMEA Awards The 2004 Israeli Technology Fast 50 program ranks the December 2nd, 2004 Israeli technology companies upon their five-year percentage growth in revenue between 1999 and 2003. The Deloitte Technology Fast 500 EMEA program ranks the 500 public and private technology, media and The Benefits of Being a Winner telcommunications (TMT) companies based in Europe, the As a Technology Fast 50 winner the company enters an Middle East and Africa (EMEA) that have achieved the fastest exclusive international community together with technology rates of annual revenue growth during the past five years. companies from all around the world. Being part of this The winners will be announced at an event which will be group exposes the company to a vast variety of advantages held in London on Tuesday, December 2nd, 2004. and opportunities for leveraging the company, for business development and for achieving the company's goals. For more information about the Deloitte Technology Fast 50/500 programs, please contact: These opportunities include: Yael Shindler via telephone at +972 (3) 608 5314 or email at: [email protected] The opportunity to network with other Israeli technology companies, VCs and business organizations at the Fast 50 awards ceremony. Cautious Optimism The opportunity to take part in specialized and professional The global technology sector has seen a market improvement activities conducted by Deloitte for Fast 50 companies, over the past 12 months. During this period investment such as round tables, world wide web conferences, levels have risen, a number of IPOs have taken place and professional courses and workshops, etc. company revenues have increased. Companies on this year's Automatic registration for the Technology Fast 500 EMEA list have shown continued growth and stability after some program. The event will be held in London on December tough years. Despite all of the above, the technology sector 2, 2004. All winners will be exposed to the entire Fast is still vulnerable to external changes, such as interest rates, 500 list of winners and will be assisted by the local political upheaval both local and abroad, terrorism etc. In Deloitte office and practitioners in each country to contact order to continue their success and growth over the next and network with any of the winning companies around year, companies should continue to be driven by experienced the world according to their request. managers, focused business strategies, focus on technologies that provide real value, returns and viable markets and Media exposure and recognition from financial and consider M&A possibilities. business communities around the world.

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2004 Deloitte Technology Fast 50 Technology Fast 50 Program

And the Winners Are... The 2004 Technology Fast 50 companies have shown In the 2004 Fast 50 list, as in the 2003 Fast 50 list, the revenue growth rates with an average of 1,049% compared dominant technology geographical region continues to be to the 2003 Fast 50 companies that showed an average Tel Aviv and Center of the country area with 44% of the of 559%. The top 10 companies grew an average of companies residing in this area. An increase can be seen in 4,219% compared to the top 10 companies last year that the number of companies from the Sharon with 32% averaged a growth percentage of 2,163%. Revenues for residing in that area compared to 26% on the 2003 Fast the 2004 program's top company; the Internet Company 50 list. Shopping.com grew 12,669% between 1999 and the year 2003. Average Five Year Growth of Industry Segments Private companies make up 46% of the 2004 Fast 50 list. 13000% 12669% 11000%

38% of the companies on the list are in the software 9000% industry compared to 44% on the 2003 Fast 50 list. On 7000% the other hand, an increase in the number of companies 5000% 3000% in the Communications industry can be seen on this year's 1548% 1281% 1000% 663% 972% 833% 258% 215% 322% 163% 206% list (18% on the 2004 Fast 50 list compared to 12% on 0 Information Capital Equipment, LIfe Science Communications/ Other Internet Technology Semiconductors, (Biotechnology/ Networking the 2003 Fast 50 list). Computer & Pharma & Medical peripheral Devices) 2003 2004 Average Growth (%)

4500% 4219% 4000% Running Winners

3500% Among the 2004 Fast 50 winners there are two companies

3000% that have been among the winners in all five Fast 50 programs, 10 companies that have been Fast 50 winners 2500% 2163% in four Fast 50 programs and 19 companies that have been 2000% among the winners in three Fast 50 programs. 1500% 1049% 1000% *The program's criteria changed during 2001 and 2003. 559% 500%

0% 2003 2004

5 Years General Growth Average 5 Years Top 10 Average Growth

The Life Science and Biotech companies show the highest average growth percentage among all of the sectors with 1,548% followed by a 972% growth in the software industry and 833% in the Communications sector.

Fast 50 Companies by Industry Segments 50%

45% 44% 40% 38% 35%

30%

25%

20% 18% 18% 16% 18% 14% 15% 12% 10% 10% 10%

5% 2% 0% Special thanks to our sponsors: Information Capital Equipment, LIfe Science Communications/ Other Internet Technology Semiconductors, (Biotechnology/ Networking Computer & Pharma & Medical Cellcom, Motorola, PNV, Maariv, Poalim Capital Markets, peripheral Devices) 2003 2004 Tel-Aviv Municipality.

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2004 Deloitte Technology Fast 50 Israel 2004 - Technology Fast 50 Ranking Israel 2004 Technology Fast 50 Ranking

Rank Company Name 5 year CEO/ Field% growth President WebSite

1 Shopping.com Inc. Internet 12669% Daniel Ciporin www.shopping.com 2 VersaMed Medical Systems Inc. Life Science / Biotech 9174% Jerry Korten www.versamed.com 3 Schema Software 7619% Dr. Yosi Ben-Dov www.schema.com 4 Expand Networks Ltd. Communications 3904% Zohar Pearl www.expand.com 5 ClearForest Software 2289% Barak Pridor www.clearforest.com 6 MaxBill Ltd. Software 2021% Michah Himmelman www.maxbill.com 7 Allot Communications Ltd. Communications 1347% Yigal Jacoby www.allot.com 8 iMDsoft Ltd. Software 1212% Phyllis Gotlib www.imdsoft.com 9 Onset Technology Ltd. Software 993% Gadi Mazor www.onsettechnology.com 10 Shunra Software Software 961% Benny Daon www.shunra.com 11 F.T.S - Formula Telecom Solutions Ltd. Software 806% Amos Sivan www.fts-soft.com 12 Jungo Ltd. Software 675% Ofer Vilenski www.jungo.com 13 Ceragon Networks Ltd. Communications 656% Shraga Katz www.ceragon.com 14 MediVision Medical Imaging Life Science / Biotech 627% Noam Alon www.medivision-ois.com 15 AROTECH* Other 543% Robert S. Ehrlich www.arotech.com 16 Galil Medical Ltd. Life Science / Biotech 501% Yaron Tal www.galilmedical.com 17 Mango DSP Ltd. Computer and Peripheral 471% Baruch Peled www.mangodsp.com 18 PowerDsine Ltd. Communications 420% Igal Rotem www.powerdsine.com 19 Fibrolan Ltd. Communications 349% Israel Stein www.fibrolan.com 20 M-Systems Computer and Peripheral 327% Dov Moran www.m-systems.com 21 Verisity Software 323% Moshe Gavrielov www.verisity.com 22 Radware Ltd. Communications 287% Roy Zisapel www.radware.com 23 Retalix Ltd. Software 271% Barry Shaked www.retalix.com 24 On Track Innovation Other 264% Oded Bashan www.oti.global.com 25 Zoran Corporation Semiconductors 251% Dr. Levy Gerzberg www.zoran.com

*formerly: Electric Fuel Corporation

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2004 Deloitte Technology Fast 50 Israel 2004 - Technology Fast 50 Ranking Israel 2004 Technology Fast 50 Ranking

Company Name 5 year CEO/ Rank Field% growth President WebSite

26 Vizrt Software 244% Bjarne Berg www.vizrt.com 27 FIS Software Ltd. Software 237% Eyal Hakner www.fissoftware.com 28 Pegasus Technologies Ltd. Computer and Peripheral 216% Gidi Shenholz www.pegatech.com 29 Oridion Systems Life Science / Biotech 201% Alan Adler www.oridion.com 30 Lipman Ltd. Computer and Peripheral 198% Isaac Angel www.lipman.co.il 31 Visionix Computer and Peripheral 196% Dr. Marc Abitbol www.visionix.com 32 Shiron Satellite Communications Communications 195% Meir Kollmann www.shiron.com 33 Radvision Ltd. Communications 192% Gadi Tamari www.radvision.com 34 Identify Software Software 192% Yochi Slonim www.identify.com 35 Teva Pharmaceutical Industries Life Science / Biotech 155% Israel Makov www.teva.co.il 36 Medcon Software 145% Uzi Blumensohn www.medcon.com 37 Scopus Network Technologies Ltd. Communications 143% David Mahleb www.scopus.net 38 Clicksoftware Technologies Ltd. Software 125% Dr. Moshe BenBassat www.clicksoftware.com 39 Medispec Ltd. Life Science / Biotech 124% Avner Spector www.medispec.com 40 Sabratec Ltd. Software 120% Orna Mintz-Dov www.sabratec.com 41 DSP Group Semiconductors 100% Eli Ayalon www.dspg.com 42 Check Point Software Technologies Ltd. Software 97% Gil Shwed www.checkpoint.com 43 AVT-Advanced Vision Technology Ltd. Computer and Peripheral 95% Shlomo Amir www.avt-inc.com 44 NICE Systems Other 91% Haim Shani www.nice.com 45 Gteko Ltd. Software 87% Dr. Joshua Glazer www.gteko.com 46 Ophir Optronics Ltd. Computer and Peripheral 82% Yacov Zerem www.ophiropt.com 47 Payton Planar Magnetics Other 76% David Yativ www.paytongroup.com 48 MIND CTI Software 58% Monica Eisinger www.mindcti.com 49 Dmatek Other 57% Yoav Reisman www.dmatek.com 50 Savient Pharmaceuticals Inc. Life Science / Biotech 55% Christopher G.Clement www.savientpharma.com

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2004 Deloitte Technology Fast 50 Top 7 Companies Top 7 Companies

No.1 Shopping.com Inc. Shopping.com, Inc. is a leading provider of comparison shopping resources. Its flagship website Shopping.com (www.shopping.com) is a comparison shopping service that helps people use the power of information to make the best shopping decisions. Shopping.com launched in September 2003, and is the result of the April 2003 merger of two pioneering Internet companies: DealTime, a leading shopping search engine; and Epinions, a leading consumer reviews platform. Shopping.com is committed to delivering the world's ultimate shopping experience. Daniel Ciporin, Today, Shopping.com is the only comparison shopping service that combines Chairman & CEO millions of consumer product reviews with detailed price information on millions of products from thousands of stores to help people find, compare and buy anything.

No.2 VersaMed Medical Systems Inc. VersaMed was established in 1994 as a leader in the development, manufacture and marketing of intelligent ventilation systems. VersaMed's flagship product, the iVent™ 201 is engineered and dedicated to quality. PC-based, lightweight, and fully functional, this ventilator is shaping the future of ventilation forever. Designed to follow the patient through each clinical episode, iVent™ 201 is the world's only anytime, anywhere ventilator. The iVent™ 201 is ideal for use in a wide variety of settings including critical care, emergency, transport, sub- acute and in the home. The company’s statement is: “We're not just developing a ventilator. We are Jerry Korten, developing the next generation of ventilation, and this will change the face of President & CEO ventilation forever. We are not in business to compete with the pack. We are in business to redefine the game. Our ventilator and our technology are destined to soon be the standard. And that is just the beginning for VersaMed”.

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2004 Deloitte Technology Fast 50 Top 7 Companies

No.3 Schema Schema offers a unique approach to optimization and related network management by enabling operators to increase performance and efficiency, reduce costs, and improve visibility across voice and data networks. Schema's innovative solutions assist operators to optimize existing 2G and 2.5G environments and improve network quality, while simultaneously deploying 3G networks in a timely, cost-efficient manner. Schema's comprehensive offering for Radio Access (RAN) and Transport Network Optimization (TNO) enhances reliability and significantly reduces costs. From initial network design, to rollout, and on to subsequent monitoring of Dr. Yosi Ben-Dov, ongoing network performance, Schema offers operators solutions to improve CEO even the most efficient of networks and increase ROI by maximizing utilization of existing network infrastructure and resources.

No.4 Expand Networks Ltd. Expand Networks is a leading provider of Application Traffic Management solutions for the branch office. The company’s Accelerators take Application Traffic Management to the next level by employing a modular and intelligent application architecture that eliminates complexities associated with traditional traffic management solutions. The Accelerators automatically adapt to changes in traffic, remove WAN inefficiencies and maximize the performance of distributed enterprise applications. The Accelerators combine many unique features including next-generation WAN compression, application-specific acceleration, Layer 7 QoS and sophisticated monitoring and reporting. Expand has shipped over Zohar Pearl, 20,000 Accelerator devices to more than 1,000 customers including Motorola, CEO Continental Airlines and the United States Department of Defense. Expand Networks is headquartered in Roseland, New Jersey with offices in Australia, Israel, Italy, Singapore, South Africa, United Kingdom and throughout the United States.

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Technology Fast 50 Israel

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2004 Deloitte Technology Fast 50 Top 7 Companies

No.5 ClearForest ClearForest Corporation is a provider of text-driven business intelligence solutions, supplying the analytical bridge between two previously disconnected worlds of information--unstructured text and enterprise data. It’s award-winning solutions offer manufacturers, publishers, federal, chemical & financial service organizations critical links to situational context buried in text for use in Business Intelligence [BI] systems. Adding this situational context to enterprise data systems empowers organizations to: uncover hidden relationships, evaluate events, discover unforeseen patterns and facilitate problem identification for rapid resolution. Applying this intelligence Barak Pridor, enables organizations to avoid loss of profit margins due to preventable write- CEO offs, customer churn, legal settlements, warranty claims or inefficient product development cycles.

No.6 MaxBill Ltd. MaxBill provides high quality, complete, cost-effective financial solutions for service providers worldwide. MaxBill delivers a convergent, carrier-grade platform to support the advanced and evolving business needs of both traditional (wireline, wireless, utilities) and next generation (3G, PLC and IP) service providers. MaxBill combines a powerful and scalable next-generation billing engine, service-enabling platform and customer-centric CRM powered by universal workflows on a Universal Consolidating Platform (UCP). MaxBill is unique in offering a comprehensive solution that is both modular and rapidly deployable enabling comprehensive service and revenue assurance. Michah Himmelman, President & CEO

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2004 Deloitte Technology Fast 50 Top 7 Companies

No.7 Allot Communications Ltd. Allot Communications was founded in 1997 to empower networks for business. The company offers traffic management solutions for enterprises and IP service providers that improve network performance, throttle non-business uses of the network and enable the deployment of business-critical, time-sensitive applications. Allot offers the industry's broadest range of bandwidth management solutions with a combination of hardware/software products that suit any network configuration. The NetEnforcer® family of LAN appliances offer best-of-class traffic shaping technology for QoS/SLA enforcement, real-time IP monitoring, Yigal Jacoby, IP accounting and load balancing. The NetReality® family of WAN appliances, CEO acquired from NetReality® in September 2002, offers award-winning technology for QoS/SLA enforcement, real-time, centralized, IP monitoring and IP accounting reporting. The NetPure® policy-based Internet content filter offers second- generation URL filtering based on artificial intelligence.

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Fast Forward with us

About Technology, Media & Telecommunications (TMT) Group The Technology, Media & Telecommunications (TMT) group is composed of service professionals who have a wealth of experience serving technology, media, and telecommunications companies in areas including software, semiconductors, communication utilities, networking, wireless, computers and related industries. The TMT group provides strategic, financial, operational, and information technology consultancy to its technology, media and telecommunications clients. Our specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed.

Contacts To find out more how Deloitte’s TMT group can assist you, please contact us: Igal Brightman Ilan Birnfeld Global Managing Partner Leader of the Israel TMT Group Chairman & CEO +972 (3) 608 5514 +972 (3) 608 5500 [email protected] [email protected]

Services:

Assurance & Advisory Due Diligence & VC Tools Business Development Ilan Birnfeld Shlomi Anfang Doron Gurevitz +972 (3) 608 5514 +972 (3) 608 5550 +972 (3) 608 5408 [email protected] [email protected] [email protected]

Tax Incentives4u Yael Shindler Yitzchak Chikorel Avrum Savran +972 (3) 608 5314 +972 (3) 608 5511 +972 (3) 608 5334 [email protected] [email protected] [email protected] Hadas Hasson +972 (3) 608 5557 [email protected]

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