Shlomo Dovrat
Encyclopedia
Shlomo Dovrat is an Israeli high-tech entrepreneur. He spearheaded the recovery of ECI Telecom
and in January 2005, sold Tecnomatix
to the American software company UGS Corp. for about $227.7 million, making made about $10 million from the deal. He is also co founder of Carmel Ventures
. He is also known for heading the Israeli national commission for reform in Education, known as the Dovrat Commission.
's Unit 8200
The first publicly-traded company that Dovrat managed was Oshap, who went public on Wall Street
in the mid-1980s. Dovrat managed Oshap business in Belgium, then at the age of 26 he became its CEO. In early 1999, SunGard
bought Oshap for $220 million in a stock swap deal. Dovrat netted about $40 million from the sale.
Shlomo Dovrat founded Tecnomatix and served as its CEO and President from 1983 to 1995. He served as Chairman until December 2001 and as a Director until the company was eventually sold to UGS in 2005.
In 2000, Dovrat co-founded Carmel Ventures
.
Dovrat has also served as Chairman of ECI Telecom
from 2002 until the sale of the company in 2007 for $1.25 billion.
ECI Telecom
ECI Telecom Ltd is a global telecom networking infrastructure provider headquartered in Petah Tikva, Israel. It provides communications platforms and solutions to carriers and service providers, cable/multiple system operators, wireless/cellular service providers, utilities and carrier of carriers,...
and in January 2005, sold Tecnomatix
Tecnomatix
Tecnomatix Technologies, Ltd. is the leading provider of Manufacturing Process Management and Product lifecycle management software to the electronics, automotive, aerospace and heavy equipment industries, currently owned by Siemens AG...
to the American software company UGS Corp. for about $227.7 million, making made about $10 million from the deal. He is also co founder of Carmel Ventures
Carmel Ventures
Carmel Ventures, established in 2000, is an Israeli venture capital fund with over $600 million under management. Carmel is focused on early stage companies in the fields of Software, Internet, Media, Communications, Semiconductors, and Consumer Electronics....
. He is also known for heading the Israeli national commission for reform in Education, known as the Dovrat Commission.
Career
Like many Israeli high tech entrepreneurs, Dovrat served in the Israel Defense ForcesIsrael Defense Forces
The Israel Defense Forces , commonly known in Israel by the Hebrew acronym Tzahal , are the military forces of the State of Israel. They consist of the ground forces, air force and navy. It is the sole military wing of the Israeli security forces, and has no civilian jurisdiction within Israel...
's Unit 8200
Unit 8200
Unit 8200 is an Israeli Intelligence Corps unit responsible for collecting signal intelligence and code decryption. It also appears in military publications as the Central Collection Unit of the Intelligence Corps.-History:...
The first publicly-traded company that Dovrat managed was Oshap, who went public on Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
in the mid-1980s. Dovrat managed Oshap business in Belgium, then at the age of 26 he became its CEO. In early 1999, SunGard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...
bought Oshap for $220 million in a stock swap deal. Dovrat netted about $40 million from the sale.
Shlomo Dovrat founded Tecnomatix and served as its CEO and President from 1983 to 1995. He served as Chairman until December 2001 and as a Director until the company was eventually sold to UGS in 2005.
In 2000, Dovrat co-founded Carmel Ventures
Carmel Ventures
Carmel Ventures, established in 2000, is an Israeli venture capital fund with over $600 million under management. Carmel is focused on early stage companies in the fields of Software, Internet, Media, Communications, Semiconductors, and Consumer Electronics....
.
Dovrat has also served as Chairman of ECI Telecom
ECI Telecom
ECI Telecom Ltd is a global telecom networking infrastructure provider headquartered in Petah Tikva, Israel. It provides communications platforms and solutions to carriers and service providers, cable/multiple system operators, wireless/cellular service providers, utilities and carrier of carriers,...
from 2002 until the sale of the company in 2007 for $1.25 billion.