Agile Equity: Transactions
Microsoft Corporation (NASDAQ:MSFT) Acquires Agile Client, Pelican Security, an Israeli Company
Israel and Redmond, Washington
January 2003
Microsoft Corporation has acquired Israeli start-up Pelican Security. Under the deal, Pelican's remaining seven employees, including CEO Gilad Golan, have transferred to Redmond, Washington. Negotiations on the sale lasted six months, despite the small amount involved. Pelican's product will reportedly be integrated into Microsoft's next-generation operating systems. Pelican has developed software to protect websites from active content attacks and other viruses.
Golan and Irit Rapaport founded the company in 1997. Rapaport, a former investment manager at Elisra Electronic Systems, left Pelican last year. Golan earlier co-founded Menta Software.
Agile Equity has executed large
transactions, such as representing
Firstsource, a public Indian company,
on its $330,000,000 acquisition of
MedAssist in the US, and smaller
transactions, such as representing
Pelican Security, a private Israeli
company, on its acquisition by
Microsoft.
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