Israel Trade Ministry: Israel Technology to Meet US Financial Industry
By Joel Leyden
Israel News Agency
Ra'anana, Israel ----- April 11, 2008 ....... The Israel Ministry of Trade has announced that Israel technology will soon come face to face with the US financial industry in both New York and Boston. The event entitled: Banking on Israel IT will take place between June 16 and June 18.
The Israel Trade Ministry is inviting all Israel companies or organizations which have innovative IT solutions for the US financial industry to register for this economic trade event.
"As a result of our success last year, we are proud to present the second annual Banking on Israel IT conference," said Gil Galanos, Deputy Economic Minister for the Government of Israel.
"The conference will feature company presentations, networking opportunities and one-on-one meetings
with senior U.S. executives. Leading and creative Israel IT companies will present innovative technologies and solutions to decision-makers from leading U.S. investment and retail banks, hedge funds, insurance companies, and other financial institutions."
The Israel Ministry of Trade and Industry said in a statement that they are seeking dynamic Israel companies specializing in: financial technology, enterprise software, security, system monitoring, storage, modern data center, GRID computing, virtualization and application infrastructure.
The Ministry of Trade said that 15-20 companies will be chosen based on the quality of their technology and potential in the U.S. market. "The selection committee is comprised of representatives from investment banks, commercial banks, hedge funds and insurance companies. The number of participating companies is limited and only those companies who pass the screening process will be invited to participate," said Galanos.
On June 16 the Israel Economic Mission will sponsor an evening reception in New York followed by
a conference in New York on June 17 and on June 18 meetings with financial institutions in Boston.
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"Banking on Israel IT presents a unique opportunity for Israel companies to spotlight their technologies before an audience of potential buyers," said Yair Shiran, Israel Economic Minister to North America. "Last year, 20 Israel companies such as Triana, Kidaro and XIV Information Systems attended and met with Goldman Sachs, Citibank, Credit Suisse, Deutsche Bank and other institutions."
The Israel Trade Ministry said that each company would be responsible for flights, accommodations and per-diem expenses.
The event is being coordinated by the Israel Economic Mission to North America (New York office)
in cooperation with the Israel Export and International Cooperation Institute (IEICI). Sponsors include: The Israel Association of Grid Technologies (IGT), Credit Suisse, Deutsche Bank, FTVentures
and Susquehanna Growth Equity.
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