Hitech

The High-tech crisis: Israeli cyber unicorn Checkmarx is laying off about 100 of it's employees
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by Ifi Reporter

Category: Hitech

The Israeli cyber unicorn Checkmarx, which operates in the field of application security, is laying off about 100 employees, of which 40 are in Israel, making up 10% of the company, according to an email issued by Emanuel Ben-Zakan, CEO and co-founder of Checkmarx, to his employees today. Checkmarks became a unicorn with its purchase in 2020 by the American investment fund Hellman Friedman, for about 1.2 billion dollars.

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Nov 3, 2022

Israeli Cyber ​​company Varonis lays off 5% of its workforce: about 110 employees
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by Ifi Reporter

Category: Hitech

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.

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Nov 6, 2022

IDE Technologies will construct the 7th desalination plant in Israel -  near Nahariya
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by Ifi Reporter

Category: Hitech

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...

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Nov 12, 2022

Palo Alto Networks acquires Cider Security for $300 million in a cash and stocks
785 Views Details

by Ifi Reporter

Category: Hitech

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...

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Nov 17, 2022

Record results for Camtech: earned $21 million in the 3rd quarter - an increase of 12%
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by Ifi Reporter

Category: Hitech

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...

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Nov 17, 2022

Israel is a start-up nation in smart cities but in many of them innovation is not implemented
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by Ifi Reporter

Category: Hitech

"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...

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Nov 18, 2022

Demand for software developers has been cut by 37% within 6 months
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by Ifi Reporter

Category: Hitech

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...

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Nov 19, 2022

Salary of seniors in Israel increased by about 13% in 2021 and averaged about 1.93 million shekels
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by Ifi Reporter

Category: Hitech

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...

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Nov 21, 2022

State Comptroller: Teva is required to pay the state treasury a tax totaling NIS 6.9 billion
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by Ifi Reporter

Category: Hitech

Teva is required to pay the state treasury a tax totaling NIS 6.9 billion. The company is conducting a series of legal proceedings with the Tax Authority regarding this demand, which has not yet been decided. The company's stock closed trading in Tel Aviv with a decrease of more than 6.5% and at this time it is trading on Wall Street with a decrease of about 3%

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Nov 23, 2022

About 900 of its 1,400 employees of the "Blade Technology" factory will be laid off by 2024
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by Ifi Reporter

Category: Hitech

Hundreds of employees of the "Blade Technology" factory for the production of jet engine blades in Nahariya received the message on Sunday morning that after more than 50 years it is expected to close during the year 2025 due to "business considerations". About 900 of its 1,400 employees are expected to be laid off, but in the meantime, many have gathered at the company's second factory in the Tefen industrial area, among other things, in preparation for formulating protest measures. Meanwhile, the Histadrut declared a labor dispute

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Dec 4, 2022

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