Scailex Corporation

Suny Cellular Communication was known as Scitex Corporation Ltd. until December 2005 and Scailex Corporation Ltd. (tase: SCIX) until November 2016.

History

Scitex was an Israel-based multi-national company, founded by Efraim (Efi) Arazi in 1968, and which at one stage was considered the flagship of Israeli industry. The company specialized in products, systems and equipment for the graphics design, printing and publishing markets. In 1985 it formed a joint venture company with the Continental Can Company called Contex Graphics Systems, a pioneer in two- and three-dimensional design systems based on Silicon Graphics workstations.

By the late 1990s Scitex had three principal business units: its core Scitex Graphic Arts Group, which was acquired by Creo Products Inc. in April 2000;[1] Scitex Digital Printing, based in Dayton, Ohio, sold to Eastman Kodak Company in January 2004;[2] and Scitex Vision, sold to Hewlett-Packard

Minority interests

Scitex also held interests in a number of other corporations, including the following:

Aprion Digital Ltd., based in Netanya, Israel, was formed in 1999 as a spin-off of Scitex's Advanced Printing Products Division, and developed drop-on-demand inkjet technologies and products. Scitex initially held an approximate 17.5% interest, which was subsequently increased to 42.5%. In January 2003, Aprion was merged with Scitex Vision Ltd. The continuing corporation, known as Scitex Vision Ltd. was 75% owned by Scitex.

Creo Products Inc., later known as Creo, Inc, a Canadian corporation, based in Burnaby, British Columbia, was a developer, manufacturer and distributor of solutions for the graphics arts industry.[10] Scitex acquired 28.7% of the shares in Creo in return for the sale to Creo of Scitex's graphics arts operations (digital preprint and print-on-demand systems) in April 2000,[10] which were initially known as CreoScitex. Scitex gradually sold the shares and, in June and August 2003, it sold its remaining 6.5% stake.[11] In 2005, Creo (including the former Scitex operations) was acquired by Eastman Kodak.

Jemtex Ink Jet Printing Ltd., a developer and manufacturer of inkjet digital printheads and engines for the large industrial printing market, based in Lod, Israel.[10] Scitex commenced investing in this company, as a start-up, in May 2000.[1] In August 2006, its interest having increased to 75%, it agreed a buyout by senior management of Jemtex, thus reducing its stake in Jemtex to 15%.[12]

Objet Geometries Ltd., a developer and producer of three dimensional inkjet modeling applications, based in Rehovot, Israel.[10] Scitex acquired an initial 18.7% stake in this company, a start-up, in May 2000, which stake was subsequently increased.[10] In June 2005, it sold all its interest, then standing at 22.9%.[2]

RealTimeImage, or RTI, a developer of Internet-based imaging products and services for graphic arts and medical purposes, based in San Bruno, California, and Or Yehuda, Israel.[10] Scitex first acquired an interest in RTI in December 1999, when the company was just starting.[10] In July 2005, all the business and assets of RTI were sold to IDX Systems Corporation, at which time Scitex held a 14.9% stake.[2]

XMPie, a developer of software for publishing, using personalized marketing, was a Scitex spin-off, founded by Jacob Aizikowitz in 2000 and headquartered in New York City with facilities in Netanya, Israel.[1] Scitex held an initial 19.9% stake, which was later diluted to 2.3%. In November 2006, the whole of XMPie was sold to Xerox Corporation for $54 million.[2]

SciDel Technologies - a company that developed a technology to insert electronic virtual advertisements into live and taped televised sporting events, which it sold as a managed service in the European market.[13] The company was acquired by PVI Virtual Media Services in March 2002.[14]

website	http://www.scailex.com
parent	Suny Electronics
key people	Ilan Ben Dov (chairman)
hq location city	Petah Tikva
hq location country	Israel

Scailex Corporation

History

Scitex Digital Printing

Scitex Vision

Minority interests

See also

References