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US Greylock Partners' latest appointments strengthen Israeli focus

18/01/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityUS early-stage venture capital firm Greylock Partners has appointed two new venture partners to support its global initiatives and in particular its activities in Israel.

Former executive vice president of technology strategy for EMC Corporation, Erez Ofer, will be responsible for expanding Greylock's partnerships with local venture capital firms in Israel, identifying IT and software seed investments, and supporting Greylock's growing base of Israeli portfolio firms.

Yoram Snir, who formerly led Cisco Systems' Israeli, Asia-Pacific, European and China M&A and investment activities, will focus on IT, networking and communications opportunities and helping portfolio companies establish themselves in global markets.

Greylock general partner Moshe Mor leads the firm's international investing efforts. He said, 'Erez Ofer and Yoram Snir both have extensive backgrounds in company building, as well as in investments, acquisitions and strategic VC partnerships in Israel. Their vision and in-depth knowledge of local entrepreneurs will help us capitalise on the many high-quality early-stage opportunities that exist there today.'

Founded in 1965, Greylock has offices in the Boston area and in Silicon Valley. Since 2001, the firm has actively sought and funded early-stage Israeli companies.

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