NVP Expands In Israel
Palo Alto-based venture firm Norwest Venture Partners (NVP) said today that the firm has hired on a new partner in Israel. According to the firm, Dror Nahumi has joined the company as part of a expansion of its global strategy. Nahumi has previously served at ECI, where he was EVP and Chief Strategy Officer. He is a board member of Veraz Netwroks, and has previusly served at Axonlink, I-Link, and AT&T. Nahimu was also the founder of MiBridge, which was acquired by I-Link. Norwest said that it now plans to invest more heavily in Israeli technology companies, as well as co-investing with local Israeli venture capital firms. NVP already holds stakes in Israeli firms ConteXtream, DoubleFusion, Veraz Networks, Unisfair and Timebridge, and was an investor in Qumranet.
posted on Tuesday, September 23, 2008
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