Xpandion at Blank Rome’s Israel Venture Conference
Company presents business plan, meets with investors and strategic partners
Philadelphia, Pennsylvania, November 2, 2009, – XPANDION, a provider of solutions that improve SAP® security and optimize SAP licenses, was one of nineteen Israeli companies invited to speak in Philadelphia, Pennsylvania, at the Sixth Annual Israel Venture Conference. The event was organized by Blank Rome LLP in cooperation with the America Israel Chamber of Commerce, the Commonwealth of Pennsylvania, and the Tevel Angel Club, with a reception sponsored by KPMG.
XPANDION was selected to speak at the event due to its advanced technologies, impressive list of customers, and potential for rapid global expansion. XPANDION’s ProfileTailor suite of software solutions offers first-of-its-kind real-time visibility of actual user activity, enabling a significant increase in SAP security and license optimization. Moshe Panzer, founder of the company, presented XPANDION’s business plan and technological road map to an audience of over 70 hand-picked investors and strategic partners - including leading VC firms and angel investors, as well as SAP-focused VARs and potential customers. One-on-one meetings facilitated the networking, enabling important contacts to be initiated.
“This was an excellent opportunity to meet with key people in our industry as well as interested investors, and to raise awareness of our company in the region. We were very impressed by the dynamic business environment, the high quality educational institutions, and the community’s dedication to attracting companies to the area and ensuring their success. Blank Rome did a masterful job of organizing a very effective event that will no doubt bear fruit in the coming months, for us, and for all the participating companies.”
Over the years, Blank Rome has brought over 100 Israeli companies - operating in the areas of technology, life sciences, medical devices, clean tech and security - in contact with hundreds of U.S. venture funds, angel investors, customers, and partners. The event is timed so that participating companies can also attend the Mid-Atlantic Capital Conference, the largest venture conference on the East Coast. Founded in 1946, Blank Rome is ranked as one of the top 100 and one of the fastest growing law firms in the U.S. It is a full-service, multidisciplinary firm with over 500 attorneys practicing in 8 offices across the U.S. and Hong Kong. The firm offers a comprehensive program for emerging companies, which, in addition to legal advice and services, provides assistance with business and investment needs, and timely advice throughout the life cycle of emerging businesses.
Focused on the areas of SAP® security and SAP licensing, Xpandion creates user-friendly, easily deployed, automated management solutions for SAP’s global customers. Xpandion’s ProfileTailor™ suite delivers unprecedented visibility of actual, real-time SAP authorization usage – enabling significant improvements in enterprise security, including reduction of fraud and leakage of sensitive data. It is the first solution that detects and alerts to deviations in behavior in real time - including deviations from SoD (Segregation of Duties) rules. ProfileTailor creates a thin and controllable SAP system that can be easily managed with substantially reduced effort and resources. Once the confusion regarding authorizations has been dispelled, enterprises can then maintain ongoing control of their SAP licenses and authorization usage. Xpandion’s LicenseAuditor - available as classic enterprise software and also via a SaaS model - optimizes SAP investments, enabling considerable savings through the identification of dormant, underused, duplicate and misclassified users.
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