The Fortissimo Fund acquires 77% of the shares in Sela Software at a value of NIS 150 million

The Fortissimo Fund acquires 77% of the shares in Sela Software - which was founded by Dudu Besa and Cro Segal, and is valued at NIS 150 million. Sela Software employs about 300 people, and is one of the largest cloud service providers in Israel. The company helps businesses make the transition to cloud computing, which includes architecture, infrastructure management, ongoing monitoring of cloud activity, performance improvement, DevOps, consulting and internal training for the organization's employees. In addition, the company manages a technology center that includes a large number of consultants and international experts, and it operates Sela College, which trains hundreds of employees a year to integrate into the world of software and the cloud.
Sela assimilates some of its customers' systems into the cloud service of Amazon, Microsoft and Google - the three leading cloud providers in the world - and is the largest integrator of Microsoft's cloud services in Israel. As part of the transaction, Ron Shprintzak will be appointed CEO of the company.
The company was established in 1990 out of a vision to bring the most advanced knowledge in the various technologies to the Israeli high-tech industry. Over the years, the company has trained thousands of software people through its technology college, and has provided services to hundreds of customers in Israel and around the world.
Yuval Cohen, founder and managing partner of the Fortissimo Foundation, said that "the cloud market is growing rapidly, and is expected to continue at this growth rate in the coming years. Sela is a leading company in cloud integration and management, with excellent technical capabilities, unique technological knowledge and extraordinary human capital. "We intend to accelerate the most professional and comprehensive service. We intend to accelerate Sela's growth by expanding the basket of services in the cloud, and expanding to other countries in the world, through the certifications and knowledge gained by the company, and the close relationship with the major cloud providers."
Besa and Segal, Sela's founders, said they were "proud that such a significant factor in the market, such as the Fortissimo Foundation, chose to invest in us. The foundation recognized the professionalism, loyalty and motivation of Sela's managers and employees as one of the company's significant strengths. And its ability to move toward new horizons. "