News

The BuiltUp Ventures investment fund will focus on investments in a variety of real estate technologies

Posted on Nov 20, 2019 by Ifi Reporter

The BuiltUp Ventures investment fund will focus on investments in a variety of real estate technologies, connecting startup entrepreneurs to New York’s Jewish Orthodox community, which has...

Kape's cyber software company, controlled by Teddy Sagi acquires American LTMI for $ 127.6 million

Posted on Nov 19, 2019 by Ifi Reporter

Kape's cyber software company, controlled by Teddy Sagi, acquires American LTMI, which owns Private Internet Access, for a total of $ 127.6 million. As part of the deal, Kape will pay $ 95.5...

Malam Team's net profit jumped 430% to NIS 51.2 million

Posted on Nov 19, 2019 by Ifi Reporter

Malam Team engaged in marketing maintenance and computer services, and software delivery reported a 19% increase in revenue, improved profitability and doubled its net profit in the third quarter...

Mizrahi Tefahot Bank presents: 7% erosion in net profit which reached NIS 422 million

Posted on Nov 18, 2019 by Ifi Reporter

Mizrahi Tefahot Bank ended the third quarter with a 7% erosion in net profit, which reached NIS 422 million. Alongside the reports, the Bank announced a distribution of a dividend of approximately...

15,000 drivers will be recruited for a test: will get financial incentive for not entering Tel-Aviv

Posted on Nov 18, 2019 by Ifi Reporter

Ayalon Networks announces the start of a recruitment process for 15,000 drivers who may receive a financial incentive only if they do not enter the Tel Aviv metro during rush hour. Pointer, Fengo...

The government will support NIS 9.25 million in building a landfill site in eastern Galilee

Posted on Nov 17, 2019 by Ifi Reporter

The government approved the Ministry of Environmental Protection's plan to support NIS 9.25 million in the Eastern Galilee cluster landfill site. These are the communities: Metula, Katzrin,...

Golan Telecom posted revenue of NIS 136.6 million in the third Q - 5.6% increase %

Posted on Nov 17, 2019 by Ifi Reporter

Cellular company Golan Telecom posted revenue of NIS 136.6 million in the third quarter of 2019, an increase of 5.6% compared to the corresponding quarter last year - according to the...

Check Point acquires the Israeli cyber company Cymplify

Posted on Nov 14, 2019 by Ifi Reporter

Check Point acquires the Israeli cyber company Cymplify, which deals with Internet security. The amount of the purchase was not disclosed, but is estimated at $ 5 million. The acquisition is part...

The National Planning and Building Committee aspproves 8,500 housing units in Petach Tikva

Posted on Nov 13, 2019 by Ifi Reporter

The National Planning and Building Committee for Preferred Housing (and Military Projects) approved the plan promoted by the Israel Lands Authority and the Ministry of Defense in the Sirkin Camp...

Food company Mickey Delicatessen collapses and cannot pay salaries

Posted on Nov 7, 2019 by Ifi Reporter

Food company Mickey Delicatessen collapses. On Thursday, a petition for receivership was filed to the Tel Aviv District Court. The request shows that the company, which has become insolvent,...

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Newsline

Israeli Cloud Security Firm Wiz Acquires Raftt to Enhance Developer Collaboration

Dec 5, 2023 by Ifi Reporter

Israeli cloud security company Wiz has announced its first acquisition, securing the Israeli startup Raftt, founded in 2020 by Roi Yarachi and Gal Sharaf. While the financial details of the deal remain undisclosed, Raftt had previously raised $5 million in a seed round from Elef and Kardoman... Continue reading →

Incredibuild Announces Workforce Reduction Amidst Challenging Market Conditions

Dec 5, 2023 by Ifi Reporter

Hybrid development platform developer Incredibuild is set to lay off approximately 20% of its workforce, affecting an estimated 40 employees globally, with a significant portion from its Israeli headquarters. The company currently boasts a team of 215 employees, out of which 150 are based in... Continue reading →

Elections in Local Authorities Postponed to January 30 Amid Ongoing War and Evacuations

Dec 4, 2023 by Ifi Reporter

Interior Minister Moshe Arbel revealed that elections for local authorities, originally slated for January 30, 2024, will be postponed in areas where residents have been evacuated due to the ongoing conflict. The Minister of the Interior highlighted that approximately 100 settlements in... Continue reading →


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