YAVNE, ISRAEL – Software provider Valor Computerized Systems Ltd. reported second-quarter revenues of $10.7 million, up 2% year-over-year.

Net profit was $600,000, up 6% compared to the second quarter of 2007.

Revenues in the first half of 2008 were $21.4 million, up 2% compared to the same period last year.

First-half net profit was $2.1 million, up 43% year-over-year.

“Q2 was a good quarter for Valor, despite the slowdown in global economy and the weakness of the US$,” said Valor’s CEO Dan Hoz. “During the quarter we established three new OEM agreements with major machine vendors, who will be selling our products together with their machines.”