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Mr. Beilis has over 25 years of top executive experience in the IT sector. During this period he has served as Chairman or Director of the boards of more than sixty IT firms. He is a board member of several Formula Ventures' portfolio companies. Mr. Beilis also serves as the Chairman of the Formula Ventures Ltd., the fund's general partner and of Formula Vertex UK Ltd., which manages a technology portfolio for UBS in Europe. Prior to joining Formula Ventures, Mr. Beilis was CEO of Argotec Ltd., where he was responsible for initiating, overseeing and managing the investments of Formula Systems. He was the Chairman of Crystal Systems Solutions and Wiztec Solutions, both of which conducted successful public offerings on NASDAQ. Prior to his association with Argotec, Mr. Beilis held executive positions in several leading Israeli IT firms such as Clal Computers and Technology and Yael Software and Services Ltd. Mr. Beilis holds a M.Sc. in Computer Science from the Weizmann Institute of Science in Rehovot, Israel and a B.Sc., cum laude, in Mathematics and Economics from the Hebrew University in Jerusalem, Israel. | 