Closely held Israeli start-up Mediagate is negotiating with a number of potential buyers who are interested in acquiring the company. Mediagate developed technology that enables internet subscribers to manage multimedia messages, voice mail, faxes and e-mail from a single mailbox, using any e-mail provider. Mediagate was established in 1996 and its shares are held by the company's founders, Elron Electronic Industries, Clal Industries, the Star and Catalyst Venture Capital funds. The company started selling its universal messaging solution package in 1999 and revenue is still minu