When Gemini first invested in Precise, the company developed software for improving the performance of applications residing on databases. Yossi Sela was actively involved in saving Precise from closure during a difficult period in 1997.


Exit: Precise carried out an IPO on NASDAQ in June 2000 and raised $68M. The company's shares soared 50% on their debut, making it one of the most successful openings for an Israeli IPO. In August 2003, Precise was acquired by storage software provider Veritas in a transaction valued at $609M in cash and stock. Veritas itself was bought by Symantec (NASDAQ: SYMC) in 2005, and in 2008 Precise was sold to San Francisco private equity firm Vector Capital.