Gemini Israel Ventures is happy to announce the latest addition to our fifth fund, IT Asset and Service Management Company SAManage. Gemini bought out existing investor Xenia Venture Capital in a Series A financing round on the back of robust momentum in seen in the company over the past several quarters. 

SAManage provides SaaS IT asset and service management solutions that help organizations better control their IT inventory, organize licenses and contracts, and detect risks and license compliance gaps. In September 2012, SAManage completed a $3 million investment round from Carmel Ventures.

Gemini Managing Partner, Yossi Sela, will join the company's board of directors. We are truly excited to be part of this great company and look forward to being part of SAManage's growth process.