Mr. Katz has over 30 years of technological experience and has specialized in the communications industry for over 20 years. In 1996, Mr. Katz founded Ceragon Networks Ltd. (NASDAQ: CRNT), a global provider of high capacity wireless networking solutions for mobile, fixed operators and private networks, and served as its President and CEO until mid 2005. Prior to founding Ceragon Networks he served in the Israeli Defense Forces for 17 years, where he held a number of positions including the head of the Electronic Research and Development Department for Israel's Ministry of Defense. Shraga joined Magma Venture Partners in January 2006, and serves on the Board of Directors of Corephotonics, Syte, PayKey, Teridion, and Ubeya.