Shai Beilis is the founder and CEO of Formula Ventures (FV) Ltd. which was the General Partner and Manager of the FV funds. Shai has served as a board member at over 70 companies including publicly listed companies: Click Software, E.M.T. computing, Formula Systems (1985), RadView Software, Wiztec Solutions, BluePhoenix, Applicom Software Industries and Sadot Research and Development. Some of the Exits of Portfolio Companies of the different investment vehicles under his management include: Wiztec Solutions (IPO, later sold to Convergys), BluePhoenix (IPO), (IPO), Radlan (sold to Marvell), Business Layers (sold to Netegrity), Phonetic Systems (sold to Neuance), Demantra (sold to Oracle), Identify (sold to BMC software) and Scopus (IPO). Shai also served as chairman of Formula Vertex UK who managed a high-tech portfolio in Europe for UBS Capital.Before founding FV, from 1995 to 1998, Shai was CEO of Argotec Ltd. Argotec, a wholly owned company of Formula Systems, then Israel’s largest IT group, was established to capitalize on investment opportunities in the Israeli IT sector. Shai was responsible for initiating and managing Argotec’s investments in a wide range of IT companies including Crystal Solutions (Later named BluePhoenix) and Wiztec Solutions, both of which conducted successful public offerings on NASDAQ. Prior to Argotec Shai was CEO of Clal Computers and Technology (CCT), a significant information technology holding company listed on the Tel-Aviv Stock Exchange. Shai’s major investment while at CCT was the acquisition of Malam, a profitable government service bureau and outsourcing company (Malam was later spun-off from CCT and is now an independent public company). CCT also made an investment in Ornet which was acquired later by Siemens.From 1987 to 1992 Shai worked at Digital Equipment Corporation (DEC) in Israel. As the Country Software Business Manager, Shai more than doubled Software Product revenues and increased revenues from Projects & Consulting Services ten-fold. Shai initiated and was the CEO of DECsys, a unique Digital subsidiary in Israel chartered to invest in Israeli software companies and assist the sales and marketing of their products through DEC. From 1979 to 1986 Shai was CEO of Yael Software and Services. During Shai’s term Yael grew from 10 to about 400 employees and founded two subsidiaries: Ibex, an international banking software company (now SureCom) and Projecta, a distributor and representative of major U.S. software vendors in Israel.Shai holds an M.Sc. degree in Computer Science from the Weizmann Institute of Science in Rehovot, Israel and a B.Sc. degree in Mathematics, Statistics and Economics from the Hebrew University in Jerusalem, Israel (Cum Laude).Shai non-profit activities include chairman of Enosh Friends, teacher in Givol Democratic school, a Board member of RavTech ltd., and a member of Jdocu ongoing photography project, documenting Jewish communities worldwide. Other past activities include: a member of the executive committee of IVN, a member of the IP and Patent Committee of Ben Gurion University.

Associations with entities