BeInSync Completes Financing from Alta Berkeley, Eurofund and Aviv Ventures

New Financing Will Support BeInSync's Future Company and Product Development

TEL AVIV, December 11, 2006 - BeInSync, the leading P2P file synchronization software company with more than three million users worldwide, today announced it has recently completed its latest financing round. The financing was led by investment fund Alta Berkeley, which joined previous investors Eurofund and Aviv Ventures.

BeInSync develops secure P2P synchronization software that keeps documents in sync, backed up and easily shared across multiple computers. The company will use the additional funding to expand its marketing and sales functions for its flagship product launched in August 2004. In addition, BeInSync is expanding its product line and offering data protection and backup by combining its P2P expertise with an optional online storage service.

"As demand increases for easier to use, powerful, low-cost remote access software, people are looking for a solution that allows fast access to their files anywhere at anytime," said Tal Barnoach, CEO of BeInSync. "BeInSync's Pro Version 2.5 is the easiest, most flexible solution we have released for securely accessing, synching and sharing all data - whether it is documents, photos, videos, Internet favorites or any other information."

"Consumer storage requirements are growing exponentially," said Barun Dutta, partner at Alta Berkeley. "This is an opportune time to invest in P2P technology that addresses a real need for data protection, access and sharing in a simple and affordable way. BeInSync's innovative approach and seasoned leadership team continues to prove that it is outpacing the competition and is emerging as a clear leader in this space."

BeInSync has garnered widespread industry recognition as the leading P2P file synchronization software including PC World’s 101 Fabulous Freebies; a four star rating from PC Magazine and from CNET; and positive endorsements from the Wall Street Journal and BusinessWeek.

“BeInSync has gained significant market traction by offering a low-cost software that allows easy access, sharing and backup of personal and business information, and we have consistently received positive reactions from our growing customer base,” said Tal Barnoach, BeInSync CEO. “Unlike any other solution, BeInSync ensures the highest level of privacy and speed while providing a truly seamless user experience by synchronizing files and information through its unique P2P technology.”

About Alta Berkeley
Founded in 1982, Alta Berkeley is a London-based venture capital firm focusing on the next generation of leading technology companies in communications and computing across Europe and Israel. Alta Berkeley follows a US-style VC model, in that its partners have deep operational experience of successfully launching and managing technology businesses in both the private and public markets and consequently, they take a hands-on approach with their portfolio companies. Alta Berkeley has raised and invested six funds since 1982, providing superior returns for institutional investors and has been responsible for over 50 exits via acquisition or IPO. The firm is currently investing from its sixth fund. Recent investments include Teradici Corporation, Frontier Semiconductor, Touch Clarity, Dune Networks, Native Networks, and Siliquent. For more information, please go to: www.altaberkeley.com.

About Eurofund
Eurofund is a venture capital fund with a strongly defined identity and distinct areas of operation, established in alliance with powerful strategic partners who are industry leaders in the global marketplace. Eurofund focuses on earlier stage Israeli companies specializing in Telecommunications, Microelectronics, Security and the Internet. The funds raised $72 million and are structured to make significant contributions to their portfolio companies and to generate solid, substantial growth in value. Partners in Eurofund include: Bertelsmann, Bezeq (Israel’s national telecommunications provider), DaimlerChrysler, DEG (a member of KFW Group), Deutsche Telekom, ECI Telecom, Federmann Enterprises, Lockheed Martin, the RAD Group and other financial investors. For more information, http://www.eurofund.co.il.

About Aviv Ventures
Aviv Venture Capital ("Aviv") invests in Israeli-related unique technology companies. Aviv focuses on mid stage companies who are at a phase of transforming from an R&D project to a full scale company. Portfolio companies include Bitband, Deep Breeze, Columbus, FriCSo, MCS and BeInSync. For more information, visit http://www.avivvc.com.

About BeInSync
BeInSync provides consumers and businesses an easy way to protect, access and share their valuable documents, photos and music. Used by over three million people worldwide, BeInSync’s patent-pending secure P2P synchronization technology keeps user files backed always up and in sync across multiple computers and devices automatically. This enables BeInSync to stand apart by offering its users virtually unlimited backup, seamless anywhere access and total privacy at minimum cost and complexity. Privately held, BeInSync is venture capital backed and headquartered in Tel Aviv, Israel. For more information, visit http://www.BeInSync.com.

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