Articles by February, 2020

Flywire has officially announced the acquisition of Israeli startup Simplee. It's Founder and CEO Tomer Shoval will be named Senior Vice President for Sales, Business Development and Strategic Accounts at Flywire. At the same time, Flywire announced the completion of a new $ 120 million round of funding led by Goldman Sachs, which will support the acquisition in part. "The acquisition is accelerating the digitization of payments to address the challenges associated with patient engagement and funding in the medical market," the statement said. "By integrating the Playwire platform with...

Seagate a leading manufacturer of storage and data management solutions in the world, officially opening the Lyve Labs Innovation Center in Israel. The goal of Seagate Lyve Labs in Israel is to collaborate with high-tech companies and enable innovation through simple, secure and effective means of working with databases and large amounts of data. This giant international initiative will enable the smooth flow of information across various systems and optimize their business value in-flight as well as at-rest

Just less than a month ago, Avi Gabay signed a collective bargaining agreement with the workers' committee, which his predecessor, Nir Stern, failed to advance in a few months. Gabay realized he had no choice - if he didn't rush to sign a deal, his competitors could be ahead of him and sign a merger deal and weaken Cellcom. The company offered Golan NIS 720 million (including a NIS 130 million debt waiver) and, according to market officials, is expected to return the investment in three years. Cellcom is actually streamlining. Today it spends tens of millions on customer recruitment and...

The average monthly income of the upper decile is 12 times greater than the income of the lower decile - according to a report from the Ripple Center, published Wednesday, which shows an increase in income gaps between the rich and the poor. In addition, the report shows that most rental income goes to the top deciles and that the middle class in Israel is the smallest in the OECD countries. According to the report, in 2018, the average gross income of households headed by an employee was NIS 66,584 in the top decile - compared with 5,501 in the lower decile only. In the last three years,...

A few days before the elections, the Ministry of Construction and Housing announced the opening of another lottery price draw for residents - for 851 housing units in the north. Of the total lottery apartments, approximately 662 apartments in Haifa, 170 apartments in the Galilee landscape, and 19 apartments in Hatzor HaGlilit. The lottery registration - will close on March 12, and the lottery results will be delivered to the winners in the following two weeks. The Ministry of Construction and Housing and the National Housing Office of the Ministry of Finance said that as part of the...

The year 2020 is opening up in the mortgage market: According to data published by the Bank of Israel, new residential mortgages in January totaled NIS 6.1 billion. This is an increase of 16.5% compared to January last year (NIS 5.2 billion). It is also up more than 6% in January compared to each of the past few months (except December, which was an all-time high). The data shows that the increase in mortgage recycling continues. Last January, the volume of recyclables stood at NIS 465 million, more than double that of January 2019. The figures also show that NIS 723 million was borrowed...

The Innovation Authority's Human Capital Report and Start-Up Nation Central show an alarming picture of the state of employment. The number of high-tech industry employees rose significantly in 2019 to 321,000 employees, accounting for 9.2% of all employees in the economy - up 8% from 2018. On the other hand, besides the large increase in the number of employees, the demand for workers is only rising, and as of July 2019, approximately 18,500 open technology jobs have been registered in the non-staffed industry and were not filled. Aharon Aharon, CEO of the Innovation Authority, said, "We...

The aerospace industry will partner with the international accelerator MassChallenge, to launch a path for the development of unique sensor technologies called Future Sensing. This track is designed for startups that develop sensors in high frequency, quantum, photonics, acoustics, ultrasonic and any disruptive technology in the world of sensing, or fusion of information from sensors. The aerospace industry will operate through its subsidiary Elta, offering start-ups a significant collaboration that includes access to customers and markets around the world that Elta operates, and...

25% of fathers say they do not exercise their parenting rights because of the corporate culture that does not allow them, according to a survey conducted by the Division for Gender Equality at the Civil Service Commission, on the occasion of Family Day held on Wednesday. Many fathers have stated that they fear the response in the ministry if they start taking advantage of the parenting rights they are entitled to. "I feel that fully utilizing parenting rights will prevent me from performing my job well and therefore choose to take advantage of only some of the rights," says a father who...