Abe Peled
Abe Peled | |
|---|---|
| Born | Romania |
| Nationality | American, Israeli |
| Alma mater | Technion (BSc, MSc), Princeton University (PhD) |
| Occupation(s) | Businessman, technology executive |
| Known for | Chairman and CEO of NDS Group Ltd., Chairman of TeamViewer, Chairman of Synamedia |
Abe Peled () is a businessman with dual American and Israeli nationality.
Biography
Abraham (Abe) Peled was born in Romania and obtained both his BSc and MSc degrees in electrical engineering from the Technion in 1967 and 1971, respectively. He earned his doctorate in Digital Signal Processing from Princeton University in 1974. Between 1967 and 1971, he fulfilled duties as a technical officer within the Israeli Army Signal Corps. From 1974 until 1993, Peled was employed at IBM Research in the United States, eventually rising to the position of vice president responsible for systems and software, where he managed global research initiatives and advanced development projects. In 1991, he appeared on the cover of the New York Times Sunday business section due to his leadership of an innovative internal start-up focused on the Power Visualization System. Between 1993 and 1995, Peled held the role of senior vice president for business development at Elron in Israel, where he spearheaded the launch of the nation’s inaugural Internet ISP and e-commerce platforms.
Peled served as chairman and CEO of NDS Group Ltd., a prominent pay TV technology company, until July 2012. Since taking charge in 1995, he guided NDS through a twenty-fivefold growth to reach $1 billion in revenue, securing a market share exceeding 35% of the worldwide digital pay TV sector. Roughly one-third of NDS’s income was generated by acting as News Corporation’s proprietary technology provider, supporting its pay TV operations. NDS was publicly listed on NASDAQ under the ticker NNDS from November 1999 until February 2009, after which it was privatized with a valuation of $3.6 billion through joint ownership by Permira and News Corporation. In July 2012, Cisco acquired NDS for $5 billion. Following this transaction, Peled assumed the position of Senior Vice President of Strategy within Cisco’s Video and Collaboration Group until January 2014.
In December 2014, after [Permira] completed its €1 billion acquisition of TeamViewer, Peled was appointed Chairman. He oversaw TeamViewer’s rapid expansion from €100 million to more than €500 million in revenue and its successful initial public offering on the Frankfurt Stock Exchange at a valuation of €5 billion in September 2019. He held the role of chairman of the supervisory board during this period.
Following [Permira]’s purchase of video-related assets including former NDS entities in 2018, the newly established company [Synamedia] appointed Peled as chairman, a position he maintained until his departure in June 2021.
Currently, Peled holds the role of deputy chairman on TeamViewer’s supervisory board, chairs Israeli cybersecurity start-up [ARMO], serves as an advisory board member at BlueVoyant, and is a partner at CyberCloud Ventures, an investment firm he founded.
External links
- Abe Peled "The Jewish Chronicle" Article
- NDS Board Biographies
- Facebook Profile
- Traveling the long road to success
- Abe Peled "Secret start-up at IBM" NY Times Article
- https://www.marketscreener.com/business-leaders/Abraham-Peled-12549/biography/
- https://www.teamviewer.com/en-us/company/supervisory-board/
- https://www.reuters.com/article/us-tech-synamedia-idUSKCN1UP1QP