web analytics
July 7, 2015 / 20 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company

$1.4 billion Conduit founder and CEO Ronen Shilo.

$1.4 billion Conduit founder and CEO Ronen Shilo.
Photo Credit: Conduit

JP Morgan acquired a $100 million stake in Conduit from investor Yozma fund at a $1.4 billion valuation. Three weeks ago, Yozma fund sold more than 2% of its Conduit holdings to US fund W. Capital Partners. This after having initially invested $1.5 million in Conduit.

Yozma fund thus completed the sale of its stake in Conduit through two transactions. In contrast with an earlier transaction, in which company employees could also sell their shares, this time only Yozma find was selling its holdings.

According to the company’s press release, Conduit’s cash cow is its toolbar, which the company says has been used by more than 200,000 sites, including MLB.com and Miniclip, to reach 250 million users. When those users run a search via the publisher’s toolbar, Conduit receives a volume and ad performance payout from either Microsoft’s Bing (in the US) or Google (outside the US).

But the secret is not necessarily in creative navigation, despite a reported $200 million in profit last year from those fancy toolbars. Conduit CEO Ronen Shilo announced in a recent interview that “the future is not in toolbars, we are broader than that. We’re an engagement company. We aim to help publishers and online brands engage with their users on any platform.”

Shilo recently posted on his blog an entry titled “In Praise of Control,” reviewing Mark Zuckerberg’s handling of Facebook’s IPO:

“What interests me most is the fact that Mark Zuckerberg is about to be worth $28 billion – and still maintain operational control of the company… As someone who has been concerned about maintaining control of my company from the beginning, I completely understand and empathize with what Zuckerberg and his financial gurus have structured. My partners and I control over 50% of Conduit; I wouldn’t have it any other way, and I don’t think we could have achieved what we did otherwise.”

About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth, and Jewish Business News.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company”

Comments are closed.

Current Top Story
Yeshiva boys learn Torah together at Beit Midrash Derech Chaim.  Due to their participation in a pre-army intelligence program, the IDF requires their identities to remain secret.
Exclusive: First IDF Cyber-Defense Program Opens at Yeshiva
Latest News Stories
Yeshiva boys learn Torah together at Beit Midrash Derech Chaim.  Due to their participation in a pre-army intelligence program, the IDF requires their identities to remain secret.

A new cyber defense program has opened for the first time at an Israeli pre-army yeshiva.

Shas MK David Azoulay.

He refuses to consider Reform Jews as “Jews” but “welcomes them with love and joy” to be just like him.

NBA All-Star Amar’e Stoudemire presented a check for $441,318 to United Hatzalah.

“You’re truly saving lives,” said Stoudemire, “and to do it in a way that’s fun to me, to play basketball, it’s a win-win.”

Protective Edge Remembrance 2015

Adi Kaplan, widow of Captain Zvi (Zvika) Kaplan lit a torch during a ceremony marking one year since Operation Protective Edge at the Mount Herzl military cemetery in Jerusalem on July 6, 2015. Prime Minister Netanyahu laid a wreath of flowers at the ceremony honoring our heroes killed in battle against Israel’s enemies in Gaza

The IDF is placing its four elite combat units under a single commando brigade in the 98th Paratrooper’s Division. The combat units Egoz, part of the Golani Brigade; Rimon, part of the Givati Brigade; Duvdevan of the Central Command; and Maglan of the combat engineering force will be under the new command to be headed […]

The European Union explains the deadline is not being extended. Negotiators simply are continuing to negotiate. Huh?

The “AvocadoFact” Twitter account launched a just-for-fun poll, and the fruit is trouncing “the Donald.”

The IDF says Gaza reconstruction is moving ahead with new Hamas terror tunnels being built.

The ISIS terrorists died after breaking their fast at their Iftar meal with poisoned food…

Europe’s low-fare airline will fly three routes to the Ovda Airport, northwest of Eilat.

Iran’s Expediency Council head says Israel, an “alien presence” will be “wiped off the map” some day.

Palestinian Authority police arrested 170 Hamas terrorists in a sting across Judea and Samaria.

Hollywood producer Branko Lustig says he will gift his Oscar for ‘Schindler’s List’ to Yad Vashem after his death.

Israeli researchers invent a cutting edge technique for stitch-free bonding in cornea transplant surgery.

The Temple Mount is closed to Jews and others for the next 10 days for Islamic observances.

More Articles from Tibbi Singer
Nazi Montage

The average Israeli is remarkably stupid and thick-headed when it comes to the sanctity of freedom of speech.

It's business as usual as Gazans repair the tunnels used to smuggle in the long-range rockets that hit Tel Aviv.

Some of these Gazan tunnels were estimated to have cost $3 million to construct, but will they sustain continued flooding by rain and sewer water?

Mayor Shimoni was looking to provide security, albeit in an unpopular way, because his prime minister has not been able to. Calling him names does not change the fact that Israeli civilians are not safe from being murdered in the street by blood-crazy Arab individuals.

If anyone has had any delusions about this not being a religious war, and anything but a religious war, one need only connect the images that are emerging from this morning’s massacre of four Jewish men in the middle of their morning prayer to the images of Jews massacred in Hebron, in 1929.

Published at Jewish Business News. It began last year with an announcement by Israel’s Ministry of Education, of a pilot study using digitally converted books and other teaching materials, which students would access with their tablets. Legally, teaching with tablets in Israeli schools is contingent on parental consent, especially since it’s the parents who were […]

Jon Stewart has opted, voluntarily and without pressures, out of the Jewish timeline. I suspect the bitterness in Stewart’s note is related to that decision.

Published at Jewish Business News. Forget the old, scary Ku Klux Klan, welcome to the newly branded Klan, the Rocky Mountain Knights, which offers membership to Jews, Blacks, Gays and Latinos. This could all be a conspiracy thought up by Bed, Bath and Beyond, to sell more white sheets. Because no matter who you are, […]

“There’s only one way to buy it,” Adelson said. “Money.”

Printed from: http://www.jewishpress.com/news/breaking-news/with-jp-morgan-purchase-conduit-becomes-israels-first-billion-dollar-internet-company/2012/04/10/

Scan this QR code to visit this page online: