NEW YORK, December 7, 2004 - JVP, a leading Israeli venture capital firm focusing on early stage, hands-on investments in the enterprise software & media technologies, semiconductor & new materials and communications & networking sectors, announced today the promotion of Allon Bloch and Adam Fisher to general partner.

"In recognition of their significant contributions to our portfolio and to JVP, we are very pleased to announce the promotion of Allon and Adam to Partners," said Erel Margalit, JVP founder and managing partner.  "In addition to their work with our portfolio companies, Adam has been instrumental in devising and implementing our Asia strategy and Allon has been a key driver for our media technologies initiative and has led several of our investments in that sector."

Allon joined JVP in 2000 and focuses on investments in enterprise software and media technology.  Allon has led and co-led investments in both US and Israeli companies, including Bristol, Butterfly.net, Cyber-Ark, Forterra Systems, Sheer Networks and XMPie. He is a board member in all of these companies.  In addition, Allon led the investment in MagniFire, which was acquired by F5 Networks.  Previously, he was at McKinsey & Company in London, where he consulted with leading European software and telecom companies on a wide range of strategic issues, including market entry and growth options, M&A and portfolio optimization.  During that time, he developed an interest in helping companies grow across continents, working with several companies that were expanding their operations from the US to Europe and vice versa.  Allon earned an MBA with distinction from Columbia Business School and holds a BS from Tel Aviv University.

Adam joined JVP’s Israel office in 1996 initially as an analyst.   He specializes in semiconductor, networking and storage companies, serving as a board director with Celltick, Dune, Sepaton and Siano, and as a board observer with Adimos, Civcom and Horizon. Adam has also co-led JVP's investments in Quarry Technologies and Native Networks. Working closely with these portfolio companies, Adam contributes to ongoing company building, recruiting, fundraising and strategic planning.  In addition to these investments, Adam leads JVP's Asia team, which is responsible for business development activities in China, Japan, Korea and Singapore. Adam opened JVP's Beijing office in 2004. Prior to joining JVP, Adam worked with the President of the Stern Group, a Washington-based international trade advisory firm, to devise international trade strategy for Global Fortune 1000 companies such as Itochu, Duracell and the Export-Import Bank.  Adam holds a BS in International Economics and Finance from Georgetown University.

About JVP
JVP is a leading international venture capital firm focusing on investments in early stage companies in the enterprise software & media technologies, semiconductors & new materials and communications & networking sectors.  With over $680 million under management, and offices in Jerusalem, New York and London and business development offices in Tokyo and Beijing, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets. Through thirteen successful exits including Chromatis (acquired by Lucent Technologies), Precise Software Solutions (acquired by Veritas), Netro (NTRO), T.sqware (acquired by Globespan), Scorpio Communications (acquired by US Robotics) and Fundtech (FNDT), JVP continues to attract top tier institutional and strategic investors worldwide.  To learn more about JVP, visit www.jvpvc.com.