You might not know it, but there is a history of
Israel-Pittsburgh collaborative technology investments and
transactions. It started as a trickle, but that trickle will
develop into a flow, given the right circumstances. Israeli
companies such as medical device company Flexicath,
portfolio company Pittsburgh Life Sciences Greenhouse and dbMotion (recently
acquired by Allscripts for an undisclosed amount), set up
their U.S. operations in the greater Pittsburgh area several years
ago. In addition, Ness Technologies recently announced the
opening of a new software development center in Pittsburgh.
More recently, a new attempt to introduce Israeli companies to
Pittsburgh area investors was kicked off. The Keiretsu
Forum, the world's largest angel investor network, recently
brought a number of Israeli startups to Pittsburgh to present their
companies to local investors as part of the Keiretsu Forum
Mid-Atlantic Regions' Quarterly Israeli Deal Flow program. Five
Israeli
