Vonetize

Company Overview

Snapshot

Founded in January 2008 by Noam Josephides and Oren Levy, Vonetize operated with 1–10 employees. The company raised $4.21 million across one funding round. A significant milestone occurred in August 2016 when Vonetize completed an Initial Public Offering on the TASE.

Business overview

Vonetize developed content services and technology platforms specifically for smart TVs and connected devices. The company offered comprehensive 360 technology solutions, content licensing, and operational services. Its end-to-end solution encompassed front-end client applications, content management systems, user management, billing solutions, and CDN infrastructure, supporting technologies like 3D and DRM. Vonetize partnered with Tier-1 distribution partners such as LG, Toshiba, and Samsung, providing branded VOD services on Samsung smart TVs, tablets, and smartphones. The company aimed to reach a global audience with diverse content offerings, including Hollywood movies, TV series, concerts, children's programming, and niche ethnic content, operating within the Media & Entertainment Technologies sector.

Strategic signal

In October 2019, Vonetize ceased operations, leading to the suspension of trading in its securities on the Tel Aviv Stock Exchange in September 2019. This event signals a complete cessation of business activities and a delisting from the public market, indicating a critical failure in the company's operational and financial viability.

Company Intelligence Q&A

What was the primary reason for Vonetize's cessation of operations?

Vonetize ceased operations in October 2019, which led to its delisting from the Tel Aviv Stock Exchange. This indicates a terminal business failure.

When did Vonetize complete its Initial Public Offering?

Vonetize completed its Initial Public Offering on the TASE in August 2016.

What was the total capital raised by Vonetize?

Vonetize raised a total of $4.21 million across one funding round.

What was the status of Vonetize's securities trading in September 2019?

In September 2019, the Tel Aviv Stock Exchange suspended trading in Vonetize's securities due to the company ceasing operations.

Was there an attempt to acquire Vonetize?

In March 2018, a US movie studio expressed intentions to acquire the Israeli smart VOD company, Vonetize.