Financial

Netflix announced: an increase of 10% in the basic package price in Israel
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by Ifi Reporter

Category: Financial

Netflix announced on Thursday that it will also raise prices in Israel. The change comes along with price increases in dozens of countries around the world, including France, Italy, Ireland and another 17 countries. At the time of the launch, the company offered three payment plans - the first for about NIS 30, which allows viewing one screen, the other for about NIS 40 for viewing on two screens, and the third and most advanced one, which allowed viewing four screens for NIS 50. Now the basic package price is expected to rise by NIS 3 to NIS 33, the price of the middle package will rise by...

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Jun 20, 2019

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals
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by Ifi Reporter

Category: Financial

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals, including the acquisition of Ananeda by Mellanox (a deal of $ 6.9 billion not yet completed). Without the Mellanox deal, the total amount of exits in the first half of the year was $ 7.58 billion, according to the IVC research report and the firm Meitar for the first half of 2019. Compared to the first half of 2018, the number of exits decreased slightly from 73 to 66 this year. On the other hand, the average value of the exit rose to $ 116.6 million without the Mellanox deal, and almost doubled compared to $ 63 million...

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Jul 3, 2019

 US Bridge Point acquired the Israeli Qualitetest for an estimated $ 420 million
1134 Views Details

by Ifi Reporter

Category: Financial

The private US investment fund Bridge Point acquired control of the Israeli Qualitet from another US fund - Merlin Equity Partners; The purchaser announced today. The deal was not disclosed, but market sources estimated it at $ 420 million. The figure represents a multiple of five times for the seller. Qualitast is a software testing and quality assurance company established in 1998 by Eli Margolin and Eyal Zilberman. It is considered the second largest QA company in the world. In recent years, Qualitast has established its software testing activity on automation and artificial...

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Jul 10, 2019

 Bezeq International: 300 employees will leave  the company in the next 5 years
951 Views Details

by Ifi Reporter

Category: Financial

Bezeq International employees signed an agreement with management, according to which over 300 employees will leave the company in the next five years - about 25% of the company's employees. According to the agreement, the cost of the workers' provision will reach more than NIS 50 million. The management will increase the various welfare payments and grant a special bonus to the employees on the basis of the cooperation between the subsidiaries. These are agreements for the voluntary retirement of hundreds of employees. The cuts in Bezeq International are made against the backdrop of a...

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Jul 12, 2019

Social Economic Cabinet approved the deal in which Rafael aquires Aeronautics for NIS 850 million
820 Views Details

by Ifi Reporter

Category: Financial

The Aeronautics deal was approved by the government. The Social Economic Cabinet, led by Finance Minister Moshe Kahlon, approved the deal in which Rafael government company and businessman Avihai Stolero bought Aeronautics for NIS 850 million. The Aeronautics Group is an Israeli company engaged in the development and production of intelligence-based, unmanned systems solutions for the international security market. The company's center is in Yavne. Following the transaction, Aeronautics' stock will be deleted from the stock exchange and will become a private company. The aerospace...

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Aug 13, 2019

Israeli Fox  will open at a mall in Toronto a  Niketown store in an investment of  $ 12 million
1736 Views Details

by Ifi Reporter

Category: Financial

The huge Niketown store that Fox will set up at the Yorkdale Mall in Toronto will span two floors of approximately 3,000 square feet. At its establishment, a sum of about $ 12 million (about NIS 42 million) will be invested, with a substantial portion estimated to be funded by the mall. The store is slated to open in November 2020, with the store's lease agreement for 10 years and includes an option to extend it for another 5 years. It is estimated that sales at such a store are expected to exceed $ 20 million per year. Niketown is a concept of huge stores spread over several floors in...

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Sep 2, 2019

 State Comptroller approves Netanyahu to get a loan from a friend to cover legal expenses
937 Views Details

by Ifi Reporter

Category: Financial

Netanyahu insisted, and succeeded: After the permit committee repeatedly rejected his request for funding for his legal protection from his associates, Prime Minister Benjamin Netanyahu received the long-sought approval from the new State Comptroller, Netanyahu Engelman. Englishman approved Netanyahu to take out $ 300,000 loan from Spencer Partridge businessman, "on market terms." In effect, an Englishman bypassed the permit committee next to his office, which refused to allow Netanyahu to receive donations from Partridge and his cousin Nathan Milikowski. The State Comptroller's Office...

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Sep 4, 2019

American software vendor EPAM: we have acquired the Israeli startup Naya
1638 Views Details

by Ifi Reporter

Category: Financial

EPAM Systems, a digital platform engineering and software development solution provider, Software announced Wednesday the acquisition of Israeli company Naya Technologies (NAYA Technologies) for an undisclosed amount. As part of the deal, EPAM acquires both Israeli company 80 employees in Herzliya and American subsidiary NAYA Tech. EPAM employs around 30,000 employees and trades on NASDAQ at $ 9.75 billion. The company carries out projects for leading global companies of all disciplines, including prominent Google. Naya Technologies was founded in 2009 by June Okon and Yair Rosilio and...

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Nov 6, 2019

39 technological collleges will open this morning with disruptions due to budget conflict
854 Views Details

by Ifi Reporter

Category: Financial

About thirty technology colleges will open in disruptions this morning due to budgetary hardship that threatens to continue their operations. Political controversy delays transfer of NIS 146 million budget promised in favor of technology college reform and another sixty-one NIS dictionary approved for colleges a year for college budget, lecturer money, vendor pay and ongoing management. Speaker of the Finance Committee Knesset Member Moshe Gaffney last week refused to transfer the money to the committee on the grounds that the money would drive reform in the technology colleges, a reform...

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Nov 9, 2019

2017 Wage and Income Survey reveals: Jerusalem residents are at the bottom of the list
862 Views Details

by Ifi Reporter

Category: Financial

The National Insurance Institute publishes the 2017 Wage and Income Survey and it turns out that Jerusalem residents are at the bottom of the list when it comes to earning a job. Of the major cities defined as cities with more than 200,000 residents, Jerusalem is at the bottom of the list. The average wage of workers in the capital of Israel reaches eighty-one and a half percent of the average wage in the economy. The average wage in August totaled NIS 10,808, an increase of 2.5% compared to last year. Since the beginning of 2018, the average wage in the economy is higher than NIS 10,000...

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Nov 11, 2019

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