www.sec.gov/Archives/edgar/data/1114999/0001047469-04-0 -
[Cached Version]
Published on: 3/29/2004
Last Visited: 4/1/2004
Shai Beilis, Ilan Kinreich, William J. Geary, Kathleen A. Cote and Robert Steinkrauss were elected as directors at the Annual Meeting.
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Shai Beilis
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Shai Beilis
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SHAI BEILIS has served as a Director since May 1998.Mr. Beilis was elected as Chairman of the Board in May 2001.Mr. Beilis has been the Chairman and Managing Partner of Formula Ventures Ltd. since December 1998.From January 1995 until joining Formula Ventures Ltd., Mr. Beilis served as the Chief Executive Officer of Argotec Ltd., a wholly-owned subsidiary of Formula Systems (1985) Ltd. established in 1993 to capitalize on investment opportunities in the IT sector where he was responsible for initiating, overseeing and managing Argotec's investments.Before joining Formula Systems (1985) Ltd., Mr. Beilis served as Chief Executive Officer of Clal Computers and Technology Ltd. and was employed by Digital Equipment Corporation.Mr. Beilis serves as a director for Blue Phoenics Ltd., Applicom Software Industries Ltd. and several private companies.Mr. Beilis holds a B.S. degree in Mathematics and Economics from the Hebrew University in Jerusalem and a M.S. in Computer Science from the Weizmann Institute of Science.
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Beneficial ownership of these ordinary shares is also attributed to Shai Beilis, who is a director of Formula Ventures, Ltd., which manages each of the affiliated companies.These transactions were reported by Shai Beilis on a Form 4 filed on October 31, 2003, and were reported by each of Formula Ventures, L.P., FV-PEH, L.P. and Formula Ventures (Israel) L.P. on a Form 4 filed on November 6, 2003.