Gizmox widens Microsoft collaboration

The Maayan Ventures incubator co will expand its software for a new Microsoft web platform.

Web application design start-up Gizmox Ltd. will extend its collaboration with Microsoft. In an announcement to the Tel Aviv Stock Exchange (TASE) today, Maayan Ventures Ltd. (TASE:MAYN), which holds 42% of Gizmox through Sde Boker incubator Iris Ventures, said the company had reached agreement with Microsoft to market Gizmox software through the giant's relevant marketing platforms.

Gizmox, which is developing an Ajax-based environment for the running of web applications, reached an earlier agreement with Microsoft in January, under which it will expand its software capabilities to enable it to operate on Microsoft's new Silverlight web platform.

Maayan Ventures said in its announcement that Gizmox would be joining Microsoft's Visual Studio environment development partnership program, a program that enables companies and products that complement Microsoft technology to be integrated in Microsoft development systems.

Last December, Gizmox raised $1 million at a value of $5 million after money. Maayan Ventures said the company would launch the first commercial version of its software in the coming months. Gizmox is currently offering its Beta version, which it says has recorded 200,000 downloads so far.

Published by Globes [online], Israel business news - www.globes-online.com - on April 27, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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