Shamrock Israel Fund, the investment arm of the Disney
Family in Israel, announced that it would invest $7 million in Accel Telecom, a
company dealing in the development, import and distribution of advanced telecom
and technology based products oriented for all of the landline and wireless
communication networks and office automation.
The investment in Accel is
part of the policy of the fund to focus on companies requiring an investment
for significant growth in the domestic market and expansion to international
markets. Accel is a key supplier to all the major communication operators in
Israel and is a leading vendor of automation equipment for Israel Post, banks,
insurance companies and hundreds of other major companies in Israel.
The company also has increasing activity in the
development and export of unique communication products. We have faith in
Accel’s management team, its direction and goals,” said Stanley Gold, president
of Shamrock Group.
Accel Telecom launches each year a broad range of
innovative communicationand IT products into the Israeli market that
are sold to leading telecom operators and customers in Israel. Its sales are
based on the quality of our products, their suitability for the Israeli market,
the service and support we provide and the strategic partnerships we have built
with our customers.
We have one of the most advanced and comprehensive
product offerings in the Israeli telecommunications market which has allowed us
to achieve strong growth. Shamrock has a deep understanding of the Israeli and
International telecommunication market and we are happy to have them join our
team,” said Marc Seelenfreund, CEO of Accel Telecom.
By TelecomLead.com Team
editor@telecomlead.com
