BeInSync Acquired by Phoenix Technologies for $25M

BeInSync, an Israeli startup that provides software for the synchronization of files across computers and access them while on the road, has been acquired by Phoenix Technologies for an undisclosed amount (first reported here in Hebrew), although we’ve heard from a source that it went for $25M.

The four and a half year old startup had previously raised $8M in two rounds from Alta Berkeley Venture Partners, Aviv Venture Capital Fund, and Eurofund. The three founders - Tal Barnoach, Sharon Carmel, and Adi Ruppin - are said to be serial entrepreneurs.

BeInSync competes with the likes of FolderShare and Sharpcast, as well as many other file backup and sharing services. FolderShare was acquired by Microsoft in 2005 for an unreported amount.

The press release for the acquisition of BeInSync can be found here.

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This entry was posted on Wednesday, March 26th, 2008 at 10:13 pm and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.