Articles by January, 2019

The Haredi Institute for Policy Studies, together with some of the leading high-tech companies in Israel and prominent figures in industry and the ultra-Orthodox sector, announced the establishment of a high-tech forum aimed at integrating the ultra-Orthodox. The goal of the forum is to train 2,500 Haredi women in computer science seminars each year and integrate them into the labor market. This is in order to improve the employment status of women from the ultra-Orthodox sector, and to meet the shortage of 15,000 engineers in the high-tech industry

The fund for insurance of natural disasters in agriculture says that the amount of compensation for weather damage to farmers increased by 25% last year compared to the previous year, amounting to NIS 250 million.ץDuring the year, Kant, a fund for the insurance of natural disasters in agriculture, was received. From over 10,000 reports of damage caused to various crops. Shmulik Turgeman, CEO of Kent: The weather is becoming more extreme and every event is causing more economic damage.

Tambour bought the Italian paint company “Colorficio Zetagi” that specializes in producing paints for industry, founded in 1957. Constant features in its history include a strong inclination towards innovation, reliability of their solutions, great production flexibility coupled with a fast delivery service; factors that led the brand to reach prestigious and challenging objectives. Tambour bought Zetagi from a Swiss investment fund in ~7M Euros, and this is the first acquisition of Tambour outside of Israel.

At its press conference at the CES, Intel announced a new collaboration between Israel's Mobilay and Ordnance Survey, the UK government mapping agency. As part of the collaboration, the high-resolution mapping and positioning data of the vehicles produced by the cameras installed in vehicles will be combined with the mapping data of the British government

Shin Bet chief Nadav Argaman has warned in recent days that a foreign country intends to intervene in the Israeli elections, according to the Channel 12 news agency. Argaman said at a conference of the Friends of Tel Aviv University that the attack could be carried out in cyberspace by hackers. The Shin Bet explained that "the State of Israel and the intelligence community have the tools and capabilities to locate, monitor and thwart attempts to influence foreign influence, if any. The ability of the Israeli defense establishment to allow the existence of democratic and free elections in...

The volume of capital raised in Israel in 2018 was $ 6.5 billion, an increase of 17% compared to 2017, according to the annual report issued by IVC Research, in cooperation with the law firm Zisman Aharoni Gayer & Co. The rate of growth in 2018 was higher than that Which was recorded in 2017 and 2016. Not all of the money necessarily flows into the bank accounts of the funds, but rather is used to purchase shares of existing shareholders and of veteran employees. For example, the report mentions that Citrix raised $ 60 million, but $ 45 million was used to buy existing shares

Amazon has confirmed that it is acquiring Israeli start-up Cloud Andndure, which is developing solutions for the public cloud. It is estimated that the purchase amount is around $ 250 million. Cloud Andor, based in Ramat Gan, was founded six years ago and has since raised $ 20 million. The founders of Cloud Andor are CEO Ofer Gadish, Gil Shai, Ofir Ehrlich and Leonid Feinberg, who have invested in the company's corporate venture capital fund, Magma Venture Capital, Zohar Gilon and the InfoSys fund

The budget pit, which will reach NIS 8 billion this year, is expected to double in 2020 to NIS 17.4 billion. The Finance Ministry updated cabinet ministers on the alarming figures ahead of Sunday's cabinet meeting to discuss the severe budget deviation and steps to reduce it. The government will be asked to authorize the Treasury to take the first immediate step to deal with the huge deficit expected in 2019

Aeronautics iwhich produces unmanned planess is sold to Rafael and businessman Avihai Stolero for NIS 850 million. This is a 70% premium on the company's current value on the stock exchange. Rafael and Stolero were granted exclusivity for six weeks until the transaction was approved at the general meeting of the Company. The three funds holding Aeronautics: Violeta, Genesis and KCPS will actually sell their 36% stake in the company

Check Point Software Technologies, a leading provider of cyber security solutions globally, announces it has acquired ForceNock Security of Tel Aviv. Founded in 2017, ForceNock, developed a Web Application and API Protection (WAAP) technology which utilizes machine learning, behavioral and reputation-based security engines. Check Point plans to integrate ForceNock’s technology into its Infinity total protection architecture