Chemi J. Peres

Mr. Chemi Peres "is a Managing General Partner and Co-Founder of the Pitango Venture Capital partnership. In 1992, he founded the Mofet Israel Technology Fund, an Israeli venture capital fund publicly traded on the TASE (Tel Aviv Stock Exchange), which he managed until 1996, when he co-founded Pitango.

"Prior to Mofet, he was VP Marketing and Business Development at Decision Systems Israel (DSI), and a Senior Consultant to Israel Aircraft Industries (IAI). Mr. Peres served as a pilot in the Israeli Air Force for 10 years.

"He holds an MBA degree and a Bachelor of Science degree in Industrial Engineering & Management from Tel Aviv University. He continues to be involved in the University and education in general, by serving on the Board of Directors of Ramot, the commercial arm of the Tel Aviv University that focuses on Technology Transfer, and he is Chairman of the Advisory Board of the Faculty of Management. He also serves on the Board of the Weizmann Institute of Science as well as on the Board of the IDC- Interdisciplinary Center, Herzliya.

"Mr. Peres gained extensive board experience having previously served on the boards of several publicly traded companies, such as AudioCodes (NASDAQ: AUDC), BackWeb (NASDAQ: BWEB), Magic Software Enterprises (NASDAQ: MGIC), Aladdin (NASDAQ: ALDN), VocalTec (NASDAQ: VOCL), Orckit Communications (NASDAQ: ORCT), Precise (NASDAQ: PRSE), Breezecom - now part of Alvarion (NASDAQ: ALVR), Netro Corporation (NASDAQ:NTRO), Koor Industries, one of Israel's leading conglomerates (NYSE: KOR) and others.

"He currently serves on the boards of numerous Pitango portfolio companies- (see complete list at right).

"Mr. Peres is one of the founders of the IVA (Israel Venture Association). He was Chairman of IVA for 2 years in 2003-2004 and continues to serve on its Executive Board. Additionally, he serves on the Board of the Israeli Ministry of Industry and Trade (MOIT) Seed Fund, on the Strategic Advisory Board of the IVN (Israel Venture Network)."