Board of Directors

Yuval Cohen has served as the Chairman of our board of directors since December 2006.  Mr. Cohen is the founding and managing partner of Fortissimo Capital Fund, a private equity fund established in January 2003 and our controlling shareholder. 

From 1997 through 2002, Mr. Cohen was a General Partner at Jerusalem Venture Partners, where he led investments in, and served on the boards of directors of, numerous companies, including Precise Software Solutions, Inc., PowerDsine Ltd., T.sqware Inc., Sheer Networks, Teleknowledge Group, Celltick Technologies and XMPie.  Mr. Cohen currently serves on the board of directors of Emblaze Ltd. (LSE: BLZ), as well as a director of several privately held portfolio companies of Fortissimo. 

In addition, Mr. Cohen previously served as the Chairman of the board of directors of NUR Macroprinters (the assets of which were sold to HewlettPackard Company), and Hadasit BioHoldings Ltd. (TASE: HDST). Mr. Cohen received a B.Sc. in Industrial Engineering from Tel Aviv University and an M.B.A. from Harvard Business School.

Daniel Birnbaum has served as our Chief Executive Officer since January 2007.  From 2003 to 2006, Mr. Birnbaum was the General Manager of Nike Israel.  Mr. Birnbaum was a founding member of Nuvisio Corporation, a technology startup, and served as its Chief Executive Officer from 1999 to 2002. 

In 1995, Mr. Birnbaum established Pillsbury Israel and served as its Chief Executive Officer until 1999.  Mr. Birnbaum holds an M.B.A. from Harvard Business School and a B.A. from The Hebrew University of Jerusalem.

Since 2008, Mr. Glazer has been investing in and actively involved with several emerging companies, providing strategic guidance, business development and assistance with financings. From 1998 through 2008, Mr. Glazer was the founder and served as the Chief Executive Officer of TippCom Ltd., which was sold to Unicell Advanced Cellular Solutions Ltd. in 2008. Prior to 1998, Mr. Glazer served as Vice President, Marketing of SPL WorldGroup, Inc.

Mr. Glazer holds a B.Sc in Computer Science and Economics from Bar Ilan University and an M.B.A. from Harvard Business School.

Ms. Hanover is the Vice President and Chief Financial Officer of Tnuva Group. From January 2008 through April 2009, she served as Chief Executive Officer of Gross, Kleinhendler, Hodak, Halevy and Greenberg & Co., an Israeli law firm. From August 2004 through December 2007, she served as the Senior Vice President and Chief Financial Officer of Lumenis Ltd., an Israeli medical device company, and from 2000 to 2004, she served as the Corporate Vice President and Chief Financial Officer of NICE Systems Ltd., an Israeli software and analytics company. From 1997 to 2000, she served as Executive Vice President and Chief Financial of Sapiens International Corporation N.V.

From 1984 to 1997, Ms. Hanover served in a variety of financial management positions, including Corporate Controller at Scitex Corporation Ltd., and from 1981 to 1984 as Financial Analyst at Philip Morris Inc. (Altria). Ms. Hanover holds a B.S. in Finance from the Wharton School of Business and a B.A. from the College of Arts and Sciences, both of the University of Pennsylvania.

Ms. Hanover also holds an M.B.A. from New York University.

Marc Lesnick has served as a member of our board of directors since December 2006.  Mr. Lesnick has been a partner at Fortissimo since May 2003.  From October 2001 through May 2003, Mr. Lesnick served as an independent consultant to various high tech companies and institutional investors.  From September 1997 through October 2001, Mr. Lesnick served as the Managing Director of Jerusalem Global, a boutique investment bank based in Israel, and its affiliated entities. 

From 1992 to 1997, Mr. Lesnick was an attorney at Weil, Gotshal & Manges LLP in New York, where he specialized in public offerings and mergers and acquisitions.  Mr. Lesnick currently serves on the board of directors of several privately held portfolio companies of Fortissimo.  Mr. Lesnick holds a J.D. from the University of Pennsylvania and a B.A. from Yeshiva University. 

David Morris has served as a member of our board of directors since July 2010.  Mr. Morris served as an observer on our board of directors from 2002 to 2006 and as an alternate director since 2007.  Mr. Morris is an advisor to a group of companies with extensive business and property investments, including Real Property Investments Ltd., one of our principal shareholders. 

He additionally manages an extensive property portfolio in the United Kingdom and the Ukraine.  He is also involved in numerous charitable and community endeavors in Europe and Israel.  Mr. Morris holds a B.A. in Business Studies from the University of Westminster.