Last updated 2026-07-19
- Acquired by Philips for $42.5M, Aug 2019
Total raised
—
Last: Undisclosed Round 2002-11
Stage
Acquired
Founded
1992
Headcount
65
HQ
Ra'anana, Israel
Sector
Health Tech & Life Sciences
About
Algotec provides healthcare facilities with web-enabled solutions for image management, reading, processing, reporting, and distribution. The companys solutions include teleradiology, picture archiving and communications systems, radiology information systems, multi-site image-management systems (SuperPACS), clinical data archiving, and eHealth managed services. Algotec was acquired in 2013 by the Eastman Kodak Companys Health Imaging Group and has been a fully owned subsidiary of Carestream Health since 2007. As of August 2019, Algotec has been a fully owned subsidiary of Philips.
Headcount over time
65 employees (2026-09) · 1 point
Offices
Ra'anana, Israel · HQ / main office
Q&A
- What is Algotec's primary business?
- Algotec provides web-enabled solutions for medical image management, reading, processing, reporting, and distribution to healthcare facilities. Their offerings include teleradiology, PACS, RIS, multi-site image-management systems (SuperPACS), clinical data archiving, and eHealth managed services.
- When was Algotec founded?
- Algotec was founded in December 1992.
- Who acquired Algotec and when?
- Algotec was acquired by Philips in August 2019.
- Who are the key executives at Algotec?
- Menashe Benjamin is the Founder & Managing Director, Kobi Zohar is the CFO, and Miriam Shtilman Lavsovski is the COO.
- What sector does Algotec primarily operate in?
- Algotec's primary sector is Health Tech & Life Sciences.
- Which investors participated in Algotec's funding round in November 2002?
- Star Ventures and JAFCO Co participated in Algotec's funding round in November 2002.
- What technologies does Algotec utilize in its solutions?
- Algotec utilizes Artificial Intelligence, Natural Language Processing, Image Recognition, Machine Learning, Platforms & Interfaces, and Web technologies.
Team · 4
Menashe Benjamin
Founder · Founder, Chairman and CEO
Kobi Zohar
Team Member
Miriam Shtilman Lavsovski
Team Member
Elad Benjamin
VP Marketing (at time of Kodak acquisition), Head of Carestream's entire IT division (as of 2011)
Sectors & technology
Primary sector
Health Tech & Life Sciences
Sub-sectors
Health Tech & Life SciencesDigital HealthcareClinical Workflow
Technologies
Artificial IntelligenceNatural Language ProcessingImage RecognitionMachine LearningPlatforms & InterfacesWeb
Target customers
Healthcare & Life SciencesHealthcareLaboratoriesProviders
Business model
B2B
Tags
radiologycomputer-visiondigital-healthcareimagingmedical-dataartificial-intelligenceclinicscadhealthcare-providershospitalsclinical-workflow
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
Identifiers & details
| Legal name | Algotec Systems Ltd. |
|---|---|
| Founded | 1992-12 |
| Employees (exact) | 65 |
| Status reason | Acquired (Inactive) by Eastman Kodak on Jan 2003 - closed due to acquisition |
| Wikidata QID | Q25489407 |
Acquisitions & public offerings
Acquired by Philips 2019-08 $42.5M
Radar intelligence
Patents
| EPO | 48 |
|---|
Publications (Crossref)
| Works | 2 |
|---|
GitHub
| Top repos | webpack-svgstore-plugin, glsl-conditional-loader, monopoly-core, html-elements-webpack-plugin, node-bunyan |
|---|
Web history (Wayback)
| Domain | algotec.com |
|---|
Wikidata
| QID | Q25489407 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 511752826 |
|---|---|
| Status | מחוסלת עקב מיזוג — CLOSED |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1992-12-23 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2020 |
| Active charges / liens | 0 |
| Registry events | 0 |
| Registered address | הפנינה 2 רעננה |