Microsoft Corporation (NASDAQ:MSFT) Acquires Agile Client, Pelican Security, an Israeli Company

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Israel and Redmond, Washington
January 2003

Microsoft Corporation has acquired Israeli start-up Pelican Security. Under the deal, Pelican’s remaining seven employees, including CEO Gilad Golan, have transferred to Redmond, Washington. Negotiations on the sale lasted six months, despite the small amount involved. Pelican’s product will reportedly be integrated into Microsoft’s next-generation operating systems. Pelican has developed software to protect websites from active content attacks and other viruses.

Golan and Irit Rapaport founded the company in 1997. Rapaport, a former investment manager at Elisra Electronic Systems, left Pelican last year. Golan earlier co-founded Menta Software.