October 31, 2007
eglue Obtains a $5mm Credit Line from Plenus
Israeli start-up eglue Business Technologies Ltd. has obtained a $5 million credit line from Plenus Venture Lending Fund.
eglue develops real-time customized interaction solutions used for telephone sales, sales points, Internet interfaces, and so on. The company’s products have been installed at 20 international communications, insurance, financial, and other customers.
eglue has raised $22 million since it was founded in 2001, including the present credit line. Investors include Cedar Fund, Giza Venture Capital, and Evergreen Venture Partners, as well as private investors, such as Ron Zuckerman, former Precise Software Solutions CEO Shimon Alon, Kibbutz Ein Shemer, and Kibbutz Maagan Michael. eglue's CEO Dror Pockard previously served as CEO of Telrad Networks Ltd.