Tamares Group is a private investment group based in London. Tamares has international interests in real estate, finance, technology, communications, manufacturing, leisure and media."Home - Tamares". Tamares. Retrieved 15 April 2016."Tamares Group", Tamares Telecom. Retrieved on 29 June 2013."Management", Tamares Hotels Resorts & Spas. Retrieved on 15 April 2016. The group invests in a number of different private"Selected Investments (Private)", Tamares. Retrieved on 26 June 2013. and public"Selected Investments (Listed)", Tamares. Retrieved on 26 June 2013. companies, and in real estate properties."Selected Properties", Tamares. Retrieved on 26 June 2013.
Tamares was founded after the Second War by Shlomo Zabludowicz, an entrepreneur of Polish Jewish origin. Since 1990, it has been headed by his son, Poju Zabludowicz."Poju Zabludowicz", The Jewish Leadership Council. Retrieved on 26 June 2013.
Today, Tamares Group holds a $3 billion portfolio. Its real estate holdings encompass 2.3 million square feet of office space."Tamares". Tamares. Retrieved 29 May 2017.
Portfolio
Currently, Tamares holds equity stakes in the following private and public companies:
Private companies: Addepar - a wealth management platform that provides investment professionals with the tools required to manage complex global portfolios"Technology - Tamares". Tamares. Retrieved 7 October 2015. AImotive - an ADAS and autonomous driving software for self-driving cars, based on artificial intelligence, computer vision and sensor fusionTakahashi, Dean (14 November 2016). "AImotive demos recognition software for self-driving cars". VentureBeat. Retrieved 14 November 2016. Answerbook - develops a software that automates and personalizes e-mail marketing for e-commercePerez, Sarah (25 Februaqry 2015). "YC-Backed Answerbook Helps Retailers Automate Personalized Email Campaigns". TechCrunch. Retrieved 11 April 2015. Dori Media Group - international entertainment group active in the production, distribution and broadcasting of telenovelas"Dori Media", Tamares. Retrieved on 29 June 2013. EcoStream - develops lubricants by recycling and re-refining used engine oils"Ecostream", Tamares. Retrieved on 29 June 2013. Foris Telecom - global wireless broadband mobile WiMAX carrier and Internet service provider"Foris Telecom", Tamares. Retrieved on 29 June 2013. KNL Networks - Finnish network communications company"Suomalaisyhtiö KNL Networks keräsi yhden vuoden suurimmista sijoituksista" (in Finnish). Talouselämä. 27 October 2016. Retrieved 27 October 2016. LogDNA - cloud log management systemGalang, Jessica (20 July 2016). "LogDNA raises $1.6 million CAD to become “the Apple” of logging systems". Betakit. Retrieved 21 July 2016. Mustavaaran Kaivos - engages in the exploration of Mustavaara vanadium-iron-titanium deposits"Mustavaaran Kaivos", Tamares. Retrieved on 29 June 2013. OneSignal - push notification service for mobile apps"Tamares Innovation". Tamares Innovation. Retrieved 15 February 2016. Plate IQ - food and inventory management software for the restaurant industryMRM Staff (20 March 2017). "MRM #RestaurantTech: Plate IQ Closes Seed Funding, Avanti Launches Cloud-Based Mobile Ordering and Flippy the Robot". Modern Restaurant Management. Retrieved 20 March 2017. Pontifax - venture capital fund with $350 million of assets under management, focusing on the Israeli life sciences sector"Pontifax I+II", Tamares. Retrieved on 29 June 2013. RoboteX - designs and manufactures personalized robots for monotonous, dangerous or challenging environments Se-cure Pharmaceuticals - clinical stage, biotech company focused on developing safe and effective therapeutic solutions, targeting high prevalence medical conditions"Secure Pharma", Tamares. Retrieved on 29 June 2013. Siklu - builds gigabit wireless backhaul solutions operating in the E band and V band 60, 70 & 80 GHz millimeter wave bands"Investors", Siklu. Retrieved on 2 September 2013. Singa - digital karaoke serviceO'Hear, Steve (7 June 2017). "Singa, a startup out of Helsinki, scores €1.75M seed round to build the ‘Spotify of karaoke’". TechCrunch. Retrieved 7 June 2017. Tamares Telecom - Israeli service provider that supplies and operates communication and network infrastructure services"Tamares Telecom", Tamares. Retrieved on 29 June 2013. Placed alongside the older Med- Nautilus cable, Tameres Telecom laid the undersea cable connecting Israel to the internet. Guy Caspi was a co-founder and former CEO of Tamares Telecom. As of the summer of 2015, Golan Telecom and the Palestinian Telecommunication Group are some of Tameres Telecom's clients. Tower Vision - tower management company specializing in the provision of passive infrastructure to the wireless telecommunications industry"Tower Vision", Tamares. Retrieved on 29 June 2013. Varjo Technologies Oy - a Finnish-based startup developing an augmented reality headsetHappich, Julien (7 July 2017). "Finnish startup beats human eye resolution for AR/VR". eeNews Europe. Retrieved 10 July 2017. Wolt - a Finnish-based smartphone app that allows customers to pre-order food from over 200 restaurants across FinlandIivonen, Jyrki (23 June 2015). "Suomen rikkaimpiin kuuluva Poju Zabludowicz sijoitti pieneen Wolt-yhtiöön – tilauksia välittävä yhtiö yhteistyöhön Kotipizzan kanssa" (in Finnish). Helsingin Sanomat. Retrieved 7 July 2015.
Public companies: Knafaim () - Israeli-based holding company focused on the aviation industry, controlling shareholder of El Al"Knafaim", Tamares. Retrieved on 29 June 2013. Mellanox () - provider of InfiniBand chipset, company went public on NASDAQ in 2007"Mellanox", Tamares. Retrieved on 29 June 2013. Palantir Technologies () - develops and builds data fusion platforms for integrating, managing, and securing any kind of data at massive scale Protalix () - biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins"Protalix", Tamares. Retrieved on 29 June 2013.
Past holdings: Axis Mobile - complete mobile email solution, acquired by Synchronica in August 2008 for $4.9 million"Axis Mobile", Tamares. Retrieved on 29 June 2013."Synchronica Acquires AxisMobile, Broadens Mobile Email Reach". CRN. 18 August 2008. Retrieved 23 February 2015. British Israel Investments - property management company in the field of shopping mall and commercial centers, acquired by the Melisron Group in 2011 for an implied valuation of $700 million"British Israel Investments Ltd", Tamares. Retrieved on 29 June 2013. Dione - smart card-based payment systems, acquired by Lipman Electronic Engineering in October 2004 for $104 million"Dione", Tamares. Retrieved on 29 June 2013."Lipman Acquires Dione Plc; Combination To Strengthen Leadership Position in the Worldwide Transaction Solutions Market". BusinessWire. 4 October 2004. Retrieved 18 August 2015. eXalink - WAP gateway, acquired by Comverse Technology in 2000 for $550 million"eXalink", Tamares. Retrieved on 29 June 2013. N-trig - provider of digital pens and chips for touch screens, acquired by Microsoft in February 2015 for $200 million"Microsoft buys Israeli digital pen maker N-trig: report". Reuters. 12 February 2015. Retrieved 23 February 2015. NodePrime - a next-generation infrastructure management and analytics platform, acquired by Ericsson in April 2016"Ericsson to acquire NodePrime to accelerate software defined infrastructure". Ericsson. April 5 2016. Retrieved 31 October 2020. Outotec () - develops and provides technology solutions for the sustainable use of Earth's natural resources, Tamares sold its stake in March 2018Eskola, Hanna (22 March 2018). "Poju Zabludowicz myi pois 80 miljoonan euron Outotec-pottinsa" (in Finnish). Arvopaperi. Retrieved on 23 March 2018. Panaya - automation-technology startup, acquired by Infosys in February 2015 for $200 millionOrpaz, Inbal (16 February 2015). "India’s Infosys to buy Israeli startup Panaya for $200 million". Haaretz. Retrieved 23 February 2015. Restamax () - Finnish-based company with a chain of some 100 restaurants, cafés, nightclubs and pubs in Finland, Tamares sold its stake in September 2015 for €6.9 millionMoisio, Aleksi (28 September 2015). "Iso kauppa Restamaxilla – Poju myi Suomi-ravintolansa" (in Finnish). Taloussanomat. Retrieved 3 October 2015. Storwize - online storage optimization through real-time data compression, acquired by IBM in July 2010 for $140 million"Storwize", Tamares. Retrieved on 29 June 2013.Hardawar, Devindra (29 July 2010). "IBM acquires real-time data compression company Storwize". VentureBeat. Retrieved 18 August 2015.
Business history
1990s
In 1995, Tamares acquired 1500 Broadway in New York City."Times Square" , Tamares. Retrieved on 29 June 2013. In 1995, Tamares opened the Plaza America, a 165,000 square feet retail center in Washington DC, on acquired in 1988."Plaza America", Tamares. Retrieved on 29 June 2013.
2000s
In March 2004, Tamares acquired in downtown Las Vegas in a joint acquisition with Barrick Gaming Corporation from Jackie Gaughan for $82 million."Gaughan changeover leaves workers a little melancholy". Las Vegas Sun (Las Vegas). 25 March 2004. Retrieved 29 June 2013. Tamares was the major investor with Barrick being mainly involved with operating the casinos.Benston, Liz (27 June 2005). "Barrick hampered by debt, sources say". Las Vegas Sun (Las Vegas). Retrieved 29 June 2013. The purchase included: The Plaza Las Vegas Club The Western Gold Spike Ambassador East Motel In June 2005, Tamares acquired total control of the hotels and casinos from Barrick, including the Nevada Club Hotel & Casino and Queen of Hearts Hotel & Casino, as well as 40 other commercial and residential sites in downtown Las Vegas. However, Barrick was retained as the lessee of the casinos since Tamares does not hold a Nevada Gaming License.Benston, Liz (28 June 2005). "Downtown Las Vegas: Barrick Sells Casino Stakes". Las Vegas Sun (Las Vegas). Retrieved 23 June 2013. In December 2005, Tamares entered into a lease agreement with Navegante to operate the Las Vegas casinos through a subsidiary called PlayLV. The Queen of Hearts was later acquired by LiveWork Las Vegas.Toplikar, Dave (29 January 2010). "Queen of Hearts hotel-casino to be demolished Tuesday". Las Vegas Sun (Las Vegas). Retrieved 23 June 2013. In July 2007, the Gold Spike was sold for $15.6 million to Gregg Covin."Dreary hotel to get revamp". Las Vegas Review-Journal (Las Vegas). 12 July 2007. Retrieved 23 June 2013."DOWNTOWN PROPERTY: $15 MILLION". Las Vegas Review-Journal (Las Vegas). 4 May 2007. Retrieved 26 June 2013.
2010s
In March 2011, Tamares put a bid of approximately $3 billion to purchase the whole of Warner Music Group.Purkiss, Alan (22 March 2011). "Tamares Puts in a Bid for the Whole of Warner Music, FT Reports". Bloomberg. Retrieved on 29 June 2013. In January 2012, The Western was closed for an indefinite period of time.Goldberg, Delen (15 November 2011). "Downtown Western Casino closing after 41 years". Vegas Inc (Las Vegas). Retrieved 26 June 2013. In March 2013, The Western was sold for $14 million to a company affiliated with Tony Hsieh's Downtown Project, a campaign to revitalize the Fremont Street area.Segall, Eli (21 March 2013)."Tony Hsieh’s group buys shuttered downtown casino for $14 million". Vegas Inc (Las Vegas). Retrieved 26 June 2013. In April 2013, Tamares announced that the Las Vegas Club will be closing its hotel. The casino will remain open. A possibility of a renovation for the hotel was hinted.Mehaffey, John (9 April 2013). "Two Downtown Las Vegas Hotels Closing". 4Flush. Retrieved 26 June 2013.