Roy Machnes has been active as an entrepreneur, investor and manager of leading Israeli IT, media, networking and Internet companies for over 25 years. Roy was one of the founders of Mshov Computers the parent company of Magic Software (NASDAQ-MGIC), Walla Communication, Babylon and other leading Israeli companies. Mashov was sold to Formula Systems in 1999. In 2004 Roy was one of the founders of FITE, an Israeli Private Equirty fund that raised $140M for investments in special situations in Israel. The fund is fully liquidated and has generated double digits IRR returns. Roy holds a BA from University of California Berkeley and an EMBA from Kellogg Scholl of Management at Northwestern University and Tel Aviv Recannati School of Management.