Eli Rozen

is one of our co-founders and serves as a director and our Chairman of the Board of Directors. Mr. Rozen has served as the Chairman since 2000. In 1988, Mr. Rozen joined Electrocard Ltd., our predecessor, and served as the General Manager and a director until our establishment in 1988. From 1988 until 2000, he served as our Chief Executive Officer and President. Mr. Rozen has a B.S. in Industrial Engineering and Management from the Israel Institute of Technology.

Avi Landman

is one of our co-founders and serves as a member of the Board of Directors and as the Research Manager. Prior to joining us in 1988, Mr. Landman worked as a computer engineer at Gal Bakara Ltd. and prior to that as an electrical engineer at Eltam Ltd. Mr. Landman has a Bachelor of Science degree in Computer Engineering from the Israel Institute of Technology - the ‘‘Technion’’.

Michal Brikman

an external Director, became a member of the Board of Directors on October 28, 2004. Ms. Brikman is a Certified Public Accountant with extensive management and accounting experience. Since 2000, Ms. Brikman has been a business consultant at Daniel Doron Business Consulting. In addition to her appointment to VUANCE’s Board of Director, she also serves on the Board of another public companies in Israel. Ms. Brikman received her Masters in Finance from Baruch College in New York City and later relocated to Israel.

Ilan Horesh

an external Director, became a member of the Board of Directors on September 17, 2006 and is a member of the audit committee. Mr. Horesh is also a board member of Retalix Ltd. From 1998 to 2006 Mr. Horesh was Department Manager in Pelephone Communication Ltd from 1997 to 1998 Mr. Horesh served as the C.E.O of "SHEFFA consumer club" a subsidiary of MACABI HEALTH SERVICES. From 1994 to 1997 Mr. Horesh was Manager of Planning and Projects department at PAZ OIL CORP. From 1994 to 1999 Mr. Horesh was a director of Hed-Artzi Ltd. Mr. Horesh holds B.A in Business Administration, B.A in History & Geography and M.A in Political Science.

Jaime Shulman

became a member of the Board of Directors on September 17, 2006. From 2001 to 2003 Mr. Shulman was president and C.E.O of Logisticare,Ltd. From 1998 to 2000 Mr. Shulman was the president and C.E.O of the Amcor . From 1993 to 1997 Mr. Shulman was the president and C.E.O of the Magam Enterprises . From 1991 to 1998 Mr. Shulman was the active chairman of the board (part time) of Tana Industries. From 1991 to 1992 Mr. Shulman was a foreign Consultant to subsequently as C.E.O. in Metrometer, Inc. (New York). From 1978 to 1991 Mr. Shulman was in Electra Israel. From 1970 to 1977 Mr. Shulman was Production Manager in Tadiran, Plastic and Metal Plant. Mr. Shulman is an Electromechanical Engineer (equivalent to M.Sc. in Israel) from Buenos Aires University, Argentina.