IP telephony and call center designer Tikal Networks is yet another Israeli company set for an IPO on London's secondary market AIM. Britain's "The Independent" daily reports that Tikal Networks will try to raise £5 million at a company value of £16 million, after money.
The share sale is being handled by nominated adviser Grant Thornton.
Tikal Networks call centers have been installed by 45 major companies, serving 20,000 people. Customers include Bezeq International, Holon Technological Institute, Ness Technologies, Hogla and the Israel Standards Institution.
Tikal Networks was founded in 2004 by CEO Doron Dovrat, who in the distant past was one of the founders of Dmatek, one of the first-ever Israeli companies to go public on AIM. Subsequently, Dovrat founded software company Navicula, serving as CEO until it was sold. Tikal's second founder is CFO Gil Farkash. Dovrat has a 32.3% stake in Tikal, Farkash 26.6%, Daniv Investments 15.4%, and chairman Haim Ben-Zvi 10.9%.
Published by Globes [online], Israel business news - www.globes-online.com - on February 19, 2015
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