In July 2005 OmniVee was acquired by US-based DVTel for $6M.
OmniVee was established in 2003 at Ofakim Innovative Technologies, a privatized incubator. Since its founding a combined total of $600,000 was invested in the company by the incubator, the Chief Scientist of the Ministry of Industry, Trade and Labor (totaling $500,000), and private investors. The primary shareholders are company founders Ben Kidron and Eyal Eshed, who according to the media hold 50%, and the Ofakim Incubator.
In July 2004 OmniVee sought the MIT Enterprise Forum consulting, resulting in the following letter from VP Sales and Marketing Ben Kidron (January 2005):
"In Mid 2004 OmniVee participated in a MIT Forum brainstorming session organized by the Forum's Executive Director, Ayla Matalon. The Forum proposed a list of prestigious potential attendees, and ended up building a well balanced panel with well-known and respected professionals, including Dr. Shlomo Kalish, Founding Partner of Jerusalem Global Ventures, and Yoav Avtalion, Co-founder of NICE. The meeting itself was short and focused. We ended up having our downside very explicitly put, and benefited from a few key suggestions for the best course of action. About half a year later, I can state a number of our main strong points today are clearly the result of things said in the MIT Forum meeting. We saw it as a 'step-forward' meeting; however its full impact became apparent only with the passage of time."
