Businessman Zvika Barinboim acquires control in software house SPL for NIS 110 million - TheStreet

Businessman Zvika Barinboim has recently acquired the control in SPL for NIS 110 million.

The acquisition was carried out through Silberboim Holdings, which is controlled by Barinboim.

SPL is a software house, which provides enterprise software solutions in Israel and overseas. The firm also markets and supports software products of foreign and local companies, and develops software systems.

About a year ago, SPL had began a Tel Aviv Stock Exchange public offering at a company value of $50 million, but the plan was eventually shelved.

The company has $15 million cash. Sales in 2001 came to $25 million, and net profit came to $6 million.