ScaleMP™ and TidalScale announced today that the two companies have settled all litigation between them.
As part of the settlement, TidalScale has taken a paid-up five-year license to ScaleMP’s patent portfolio, and all trade-secret claims asserted against TidalScale, Dr. Ike Nassi and Dr. David Reed have been resolved without payment or admission of liability.
The startup company ScaleMP was recently sold to SAP for a small amount and much lower than what has been invested in it so far. This is a failure of a start-up company that aimed for much higher amounts, a move that did not succeed. Scale MP is a relatively old company in the startup market. It was founded in 2003 by Shay Poltheim and Rabbi Zlotogorsky, and engaged in the optimization and acceleration of computer resources through virtualization, ie running several machines on one computer. Over the years, the company has raised a total of about $ 36 million when the last round was raised in August 2017, when the company raised $ 10 million led by Leumi Partners. Over the years, the company has also invested in the following funds: Sequoia Israel, Lightspeed Israel, ABS Venture, Aviv VC, and TL Ventures and Evolution, as well as the private investors: Dan Barnea, Yehiam Yemini, Amiram Levinberg, Rami Lipman. At the last recruitment, Yaron Bloch, then CEO of Leumi Partners, said: “ScaleMP is a growing and leading company in its field and its activity is expected to continue to grow thanks to agreements with recently signed manufacturers and additional contracts that are expected to be implemented in the near future.
We are proud and excited to offer a Student/Intern position in our Raanana office for technology-savvy students interested in Product Management Internship . The Cloud Virtualization Group recently joined SAP, and our product vSMP MemoryONE is the leader in virtualization for in-memory computing. The group’s innovative architecture significantly reduces cloud cost by virtualizing NVM as system memory. In this role, you would be reporting to the Chief Product of the Cloud Virtualization Group.
Our Student/internship program is designed to be an authentic reflection of what it means to be an integral part of SAP. This is achieved through our hands-on, long-term program, structured to build a foundation of industry knowledge while personal and professional growth is facilitated through collaboration, exploration, and mentorship. From weekly online hands-on courses and training, through “lunch & learn” sessions, to our Product Lifecycle Experience, we believe in connecting you to various aspects of the company and group so you can truly evaluate potential career paths within the work we do.
We collaborated with researchers from Strathmore University (Nairobi, Kenya), and I made the trip to evaluate the prototype and visit rural areas of Kenya in August-September 2016. Our paper summarising the results of a pilot study was accepted to the Symposium on Usable Privacy and Security (SOUPS), the leading security usability event, which I presented at SOUPS 2017 in Santa Clara, California in July 2017.