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RELATED PARTY BALANCES AND TRANSACTIONS
 12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

NOTE 19:- RELATED PARTY BALANCES AND TRANSACTIONS

 

Most of the related party balances and transactions are with related companies and principal shareholders. Yehuda Zisapel is a principal shareholder of the Company. Zohar Zisapel is the Chairman of the Board of Directors and a principal shareholder of the Company. Yehuda and Zohar Zisapel are brothers who do not have a voting agreement between them. Jointly or severally, they are also founders, directors and principal shareholders of several other companies that are known as the RAD-BYNET group.

 

Members of the RAD-BYNET group provide the Company on an as-needed basis with information systems, marketing, and administrative services, the Company reimburses each company for its costs in providing these services. The aggregate amount of these expenses was approximately $ 1,197, $ 1,699 and $ 1,060 in 2013, 2014 and 2015, respectively.

 

The Company leases its offices in Israel from real estate holding companies controlled by Yehuda and Zohar Zisapel. The leases for the majority of this facility expire in December 2017, with an option to terminate early after three years. .

 

Additionally, the Company leases the U.S. subsidiary's office space from a real estate holding company controlled by Yehuda and Zohar Zisapel. The lease for this facility was terminated in April 2015. The aggregate amount of rent and maintenance expenses related to these properties was approximately $ 2,412 in 2013, $ 2,046 in 2014 and $ 2,182 in 2015.

 

The Company has an OEM arrangement with RADWIN, a member of RAD-BYNET group, according to which the Company purchases RADWIN products which are then resold to our customers. In addition, the Company purchases certain inventory components from other members of the RAD-BYNET group, which are integrated into its products. The aggregate purchase price of these components was approximately $ 4,770, $ 4,149 and $ 2,911 for the years ended December 31, 2013, 2014 and 2015, respectively.

 

The Company purchases certain property and equipment from members of the RAD-BYNET group, the aggregate purchase price of these assets was approximately $ 265, $ 100 and $ 51 for the years ended December 31, 2013, 2014 and 2015, respectively.

 

 

Transactions with related parties:

   

Year ended

December 31,

    2013   2014   2015
               
Cost of revenues $  5,381  $ 4,613 $ 3,343  
               
Research and development expenses $ 1,011 $ 1,244 $ 1,465  
               
Selling and marketing expenses $ 1,189 $ 914 $ 737  
               
General and administrative expenses $ 798 $ 1,123 $ 606  
               
Purchase of property and equipment $ 265 $ 100 $ 51  

 

Balances with related parties:

 

    December 31,
    2014   2015
         
Trade payables, other accounts payable and accrued expenses $  1,400 $  1,915