Sachi Gerlitz joined Ness from Mobixell Networks, where he served as acting chairman. He also serves as the Israel Mobile Association's chairman of the board of trustees. From 2001 through 2006, Mr. Gerlitz was a partner at Apax Partners, one of the world’s leading private equity investment groups, where he focused on leveraged transactions and technology investments. During that period, he also served as a director on the boards of several companies including Bezeq (TASE: BEZQ), Starhome BV, Crescendo Networks, and Bitband Technologies. From 1990 to 2000, Mr. Gerlitz held a number of positions at Comverse Technologies (NASDAQ: CMVT), including VP R&D and President of the Asia Pacific Business Division. In his last position at Comverse, Mr. Gerlitz served as Corporate Executive Vice President, Chief Technology Officer and Chief Marketing and Business Development Officer. In that capacity, he was responsible for creating the company's growth engines via technology leadership, as well as leading the company’s major merger and acquisition activities. Before joining Comverse, Mr. Gerlitz was co-founder of the artificial intelligence technology-based start-up PC-Etc, and spent six years at Telrad Electronic Industries, Israel’s major telecommunications vendor at the time, in various research and development positions. Mr. Gerlitz holds a BSc in Electrical & Electronic Engineering and Computer Science from Tel Aviv University, and is a graduate of the Business Administration Program for Industry Management at Bar-Ilan University.

Following a successful career leading business development and R&D organizations in high-growth software companies, both in Silicon Valley and Israel, Rina has been an investor in high tech companies for over 10 years. Before joining Carmel, Rina was VP, Business Development and was responsible for software investments at Clal Industries and Investments, one of Israel’s largest investment and holding companies. From 1989 to 1996, Rina held several executive positions at Tecnomatix, including VP, Business Development and Director, R&D. Before joining Tecnomatix, Rina was the Chief Architect of EDA Inc., a Silicon Valley based start-up in the field of engineering information systems. Prior to that, Rina lived in Silicon Valley and held various R&D management positions at Daisy Systems Inc., one of the leading EDA companies at the time. Rina holds M.Sc. in Computer Science from Weizmann Institute, Israel, and B.Sc. in Physics from Tel Aviv University, Israel. Rina joined Carmel in 2000 right after its inception. Rina's areas of interest include mobile applications and services, digital media, ad-networks and SaaS. Rina has served on the Board of Directors of Followap Inc. from 2001 and until it was acquired by NeuStar in November 2006. Rina serves on the Board of Directors of: mFormation Technologies Inc., Skybox Security Inc., C-nario Ltd., Nexperience Ltd., Kontera Technologies Inc. and Mobicious, Inc.

Mr. Isaac Hillel has extensive experience in international general management in the IT industry, with strong knowledge of the European marketplace. Prior to joining Pitango in early 2000, Mr. Hillel served as an Executive Vice President at NEC Computers International (previously Packard Bell NEC) (“NEC”), in charge of the Computer Divisions in Europe, Middle East and Africa. During his tenure at NEC, he established its European operations, set up subsidiaries and manufacturing facilities across Europe, managed mergers and joint ventures, and led the company to become a leading brand in the computer market with over $1.5 billion in sales. Mr. Hillel previously held several marketing positions with consumer electronics maker Casio PhoneMate. He holds a B.Sc. in Electrical Engineering from Tel Aviv University and an M.B.A. from the Anderson School of Management at UCLA. Mr. Hillel served on the board of Scopus (NASDAQ: SCOP) and is currently serving on the Board of Directors of: Discretix, E4X, AeroScout, Celeno, Neocrafts and SercoNet.










