Phoenix Technologies buys Israel's BeInSync

"Tech Crunch" estimates the deal at $25 million.

BeInSync develops software to synchronize data for end-users using secure peer-to-peer technology. The solution makes information available for private users, small businesses, and businesspeople who are not in their office by automatically synchronizing files and e-mails among several computers. The software promises up-to-date, available and easily retrievable information.

In contrast to current solutions on the market, which send e-mails from the office to home computers, transfer data via a USB port, or remote access software, with BeInSync's solution, the user does not have to take any active action - the information follows him or her around.

Phoenix Technologies said that BeInSync founder and VP R&D Sharon Carmel would become VP and Chief Scientist of Synchronization and Continuity Solutions and Phoenix will continue to maintain operations out of Tel Aviv. The two companies are developing integration plans that build on corporate similarities and the best business and product development practices from each company.

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

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