Infinity Group Sells "Mate" IP and I-China Security Marketing and Distribution Rights to Anxin-China for Nearly US$ 30 Million

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• Publié par: infinity-i-china
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• Langue: English

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Infinity Group Sells "Mate" IP and I-China Security Marketing and Distribution Rights to Anxin-China for Nearly US$ 30 Million

PR Newswire BEIJING, July 26, 2012

BEIJING,July 26, 2012/PRNewswire/ -- InfinityGrouptogether withZ-Park Venture Capital in Beijinginvests20 Million RMB(nearly US$3.2 Million)in high speedstorage hardwarestart-upMemblaze Infinity Group, a cross-border platform known for its strong roots inChina, its vast, global network of technology and innovation, and its "China Outbound" initiative, which supports Chinese companies with an interest in international business, announced today that it has sold Mate IP and I-China Security marketing and distribution rights to Anxin-China Holdings Limited (1149.HK) for US$30 million. The first part of the transaction totalingUS$15 million, 50% in shares and 50% in cash, has been completed.The second part of the transaction remains pending and is based on the fulfillment of milestones. Meitar Liquornik Geva & Leshem Brandwein handled the legal work. Mate develops and sells advanced content analysis and transmission as well as management products for safety and retail applications. Anxin-China Holdings Limited is an investment holding company. "The Mate/Anxin deal is another important milestone for Infinity, as we believe there is great potential for other like deals in the future. The market inChina for Mate's technology is huge. This is only the beginning," said Infinity Group managing partner Mr. Amir Gal-Or. Ariel Poppel, managing director of finance at Infinity Group said, "Infinity believes Anxin is a great platform for safe city solutions.Infinity will work closely with Anxin on implementing advanced solutions inChina. We have also committed to owning 5% of Anxin." th Today's announcement marks Infinity's 10sale to a Chinese company of IP originating from outside ofChina. Developmentof the Mate technology began in 2007 after Infinity took control of the company, which was founded inIsrael. Under the terms of the agreement, for the next three years, Infinity will assist Anxin in expanding and developing markets for ISD platforms. This coincides with Infinity's well-defined policy to oversee technology cooperation, lend guidance and provide the business services necessary to helping partner companies succeed. Infinity Group also announced today that, together with Z-Park Venture Capital inBeijing, it has invested20 Million RMB(nearlyUS$3.2 Million) in Memblaze, a high-speed storage hardware start-up company. "As has long been a part of our value added deliverable, Infinity guided Memblaze through its recent history including a financing process, HR, company structuring and marketing.With the comprehensive assistance from Infinity, Memblaze's core technology incubated properly and then was commercialized both in domestic and international markets. It is a success we are proud of, enough to invest, as announced today," said Mr. Gal-Or. According to an industry report, solid storage solutions will be the major

solution for corporate-level storage, especially for PCIE-Port PCIE-SSD discs. Beginning in 2012, PCIE-SSD market growth in China is anticipated to surpass 500% annually. Mr. Max Li, senior associate at Infinity Group, said, "Memblaze caught our attention, as the team met our expectations and various thresholds of consideration. Italso enabled Infinity to implement an expertise gained from Maayan Ventures, credited with the start of more than 50 early stage companies. Itis a pleasure to be exercising inChinasuch experience."

About Infinity Group

Infinity Group is a cross-border platform known for its strong roots inChina, its vast, global network of technology and innovation, and its "China Outbound" initiative, which supports Chinese companies with an interest in international business. It is also the founder of the Infinity IP Bank, the hub for IP development and commercialization inChina. Infinity Group currently manages 16 funds, 14 inChina. Infinity has a portfolio of 45 companies and has made 22 successful exits. Infinity, which has the greatest number of RMB funds in China. Sectors of focus include: information technology, medical device and services, water clean tech, agriculture and materials. Infinity currently has offices in Beijing,Changzhou,Chengdu,Chongqing,Harbin, Hong Kong, Jining,New York, Ningbo,Shanghai,Shijiazhuang, Suzhou,Tel AvivandTianjin. For more information, please visit http://www.infinity-equity.com. Press contacts: Marjie Hadad, [e-mail], [phone] For Chinese language inquiries: Joey Zhu, [e-mail], +008613601212411