Hitech

In a surprising turn of events, cloud cybersecurity startup Wiz is reportedly considering the acquisition of Sentinel One, an established Israeli cybersecurity company, according to a recent Bloomberg report. This potential acquisition marks an unusual move in the tech industry, as startups typically do not acquire publicly traded companies. Sentinel One's shares experienced a 3.2% surge in Wall Street trading following the news

Rafael, one of Israel's leading defense companies managed by Yoav Har-Even, has posted a profit of NIS 62 million in the second quarter of 2023. This starkly contrasts with the NIS 75 million loss registered during the same period in 2022. The company's financial success is attributed to a robust growth of 29% in revenues during Q2 2023, amounting to NIS 3.1 billion

In a strategic move that underscores the growing synergy between fintech and cybersecurity, Verifone, a prominent player in the fintech sector, has announced its collaboration with Check Point, a renowned Israeli cybersecurity company. The partnership centers around Verifone's cutting-edge monetization platform, CheckOut2, which Check Point has chosen to market and sell its extensive range of online courses and training modules focused on information security and cyber awareness to organizations worldwide

Iranian-affiliated hacking group has successfully breached the computer systems of 34 companies, with a staggering 32 of them being Israeli-based. This cyberattack was brought to light by researchers from ESET, an information security company, who released their findings on Monday

NICE, a prominent developer of software systems for customer service centers, fraud prevention, and money laundering detection, has strategically invested $1.7 billion in cash to bolster its AI capabilities and broaden its customer base. This move is set to not only enhance its market position but also allay concerns within the industry about the potential impact of advanced AI technologies like ChatGPT on NICE's future growth prospects

Israel experienced a significant downturn in its economic landscape in 2023, as reported by leading financial services firm PwC. The total value of transactions, mergers, and acquisitions plummeted by an alarming 46%, reaching a meager $9.8 billion compared to the robust $18 billion recorded in 2022. These figures mark the lowest in the past decade, excluding 2014 when the total transactions amounted to $7.2 billion

Recent data from the Central Bureau of Statistics (CBS) paints a complex picture of Israel's economic landscape in October, the month when the war broke out. The average salary for a salaried employee stood at NIS 12,492, showing a 6% increase compared to October 2023 but a noticeable dip from September's almost NIS 13,000. Adjusted for inflation, the average salary at constant prices was NIS 10,619, reflecting a modest 2.2% uptick from October the previous year

At a recent press conference following the release of Check Point's quarterly report, Gil Shvid, one of the founders of Check Point and its longstanding CEO, announced his departure from the CEO position after more than 30 years of service. Shvid will be stepping into the role of chairman, emphasizing his commitment to remain actively involved in the company's future endeavors

A comprehensive report on "Women in Hi-Tech 2024" was drawn up these days by the Economy and Research Division of the Innovation Authority, and the Aaron Institute on the occasion of International Women's Day, starting tomorrow. The good news: in 2023, there will be an increase in the number of women in the high-tech industry in Israel - 131,000 women, almost double compared to the previous decade, and an increase of 2.7% compared to 2023. The bad news: it's not enough. According to this growth rate, the State of Israel will not meet the goal set by the Perlmutter Committee for increasing...

Norwegian Wealth Fund, renowned as one of the world's largest investment bodies with an estimated capital of $1.6 trillion, made headlines by announcing a comprehensive review of its holdings in various international and Israeli companies. This re-evaluation comes in the wake of the recent conflict in Gaza, with the fund citing potential violations of its ethics regulations as the impetus behind this decision