Hitech

The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)

Google has started operating its servers in Israel and Partner has already started gradually connecting its customers to the company's servers, mainly DNS servers. This means: connecting to a local server and not to the servers abroad that the providers use today, which allows faster access to websites and applications (but not a higher browsing speed) as well as less congestion during peak hours. That is, the consumer will enjoy faster updates now, than through the Internet provider His

The aerospace industry will take part for the first time in the world air exhibition that will be held in Bahrain. At the prestigious exhibition, which will be held between November 9 and 11, IAI will present its range of developments that reflect the forefront of technology, including products for civil aviation, radars, air defense systems, coastal defense and defense systems using drones. The advanced systems of the aerospace industry will be displayed in the impressive pavilion that the company will build, which will mark 70 years of expertise and innovation. This is the first time an...

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

IDE Technologies won the tender for the construction of the seventh desalination plant in Israel, which will be located in the Western Galilee near Nahariya. IDE will build the plant and operate it for 25 years. The state will pay NIS 1.75 per cubic meter, a significantly lower price compared to previous tenders. The facility is expected to discharge approximately 100 million cubic meters of water per year, so the IDE Group's revenues from the facility are expected to reach nearly NIS 180 million per year. Another achievement in the tender is the installation of a pipeline several...

Palo Alto Networks acquires Cider Security for $300 million in a cash and stock deal. The transaction amount also includes a retention package for employees that will ensure that they remain with the company after the acquisition. According to sources involved in the transaction, it will be carried out in a combination of shares and cash, with the cash component amounting to $200 million, and $100 million in shares. This is Palo Alto's eighth acquisition in Israel, and the most prominent of them is the acquisition of the Israeli startup Demisto - in a huge deal of 560 million dollars in...

Camtech, which develops and manufactures test and measurement equipment for chip manufacturers, also presented record results in the third quarter of 2022 - in which it met the revenue forecast and exceeded the earnings per share forecast. In the third quarter of 2022, Camtech earned $21 million, which is 43 cents per share based on US GAAP, an increase of 12% compared to the corresponding quarter in 2021. Camtech's revenue, which is managed by Rafi Amit, grew by 16% compared to the corresponding quarter in 2021 - lower than the growth rate of 18% in the second quarter of the year - and...

"Israel is a start-up nation also in the field of smart cities, with many technologies being developed there, but in many cities in the country, especially in the periphery, this innovation is not implemented - and they are left behind. There is a big gap between innovation in general, and Israeli innovation in particular, in the field of smart cities and Its implementation in Israel," said Haim Bibbs, chairman of the Local Government Center. Biebs said the words at a reception held by the Israeli delegation to the international conference and exhibition of the smart cities at the Fira de...

The demand for software developers has been cut by 37% within six months, according to the vacancy survey published by the Central Bureau of Statistics (CBS). The survey shows a continued downward trend in the overall scope of demand for workers in Israel, possibly due to preparations for an economic slowdown. The number of vacancies in Israel in October 2022 reached 147 thousand jobs - a decrease compared to 151 thousand vacancies in September. The rate of vacancies out of all jobs in the economy reached 4.7% in October, compared to 4.8% in September - and after a record of 5% in February...

The salary of senior officials in the economy increased by about 13% in 2021 and averaged about 1.93 million shekels, compared to about 1.71 million shekels a year earlier.The average salary of senior executives even exceeded what they received in 2019, before the corona virus, when it was about NIS 1.86 million - an increase of about 3.5%. This is according to the data of an economic study recently conducted by the consulting and accounting firm BDO in the field of remuneration of senior officers, which monitors the salary of the five senior officers (Chairman, CEO, CEO of a subsidiary...