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The Israeli cyber company Tufin has announced that it will be sold to Turn / River Capital - an investment company that focuses on investments in software companies - at a value of $ 570 million, which is about 60% higher than the company's current value. Shares of Tuffin soared 40% in early trading on Wall Street, to $ 12.8. Tufin shareholders will receive $ 13 in cash per share, a 44% premium to the company’s share price last night at the close of trading on Wall Street. According to the agreement, in the coming month, until May 5, there will be a period of "go-shop" - that is, Tufin...

The Vicarius startup, which has developed a technology platform to help corporations identify and deal with software threats and weaknesses, has completed a $ 5 million Seed fundraising round. The capital raised will accelerate the company's international growth and expand its operations in the international arena. The investment was led by the Jerusalem Venture Partners (JVP) fund, with the participation of Innogy Innovation Hub and Goldbell Investments. Established in 2016 by Michael Asraf, Roy Cohen and Yossi Zeevi, Vicarius aims to change the way organizations manage and secure...

In light of the deterioration of the security situation in the south of the country, the Manufacturers Association of Israel has opened a special emergency room in the settlement of Omer, which will provide 24 hours a day to the southern industrialists in order to help them pass the period of combat and to function optimally according to the Home Front Command's security instructions. 250 factories employing some 60,000 workers, within a radius of about 40 kilometers from Gaza. The war room will provide a continuous response to all the needs and problems of the factories following the...

The Hertz Car Rental Company has applied for credit protection and liquidation protection, also called for bankruptcy. Hertz announced that it could not pay its debts totaling eighteen billion and seven hundred million dollars, with only $ 1 billion remaining. The announcement does not include company branches outside the United States and they will continue to operate normally. The Hertz branches also continue to operate for the time being. Outgoing CEO Catherine Marinello announced that no company can continue to rely on a situation where it has no revenue The Corona epidemic caused...

The Ministry of Communications is revising the licenses of telecommunications companies and obliging them to adapt their networks to fully support the IPv6 protocol (IP address pool) in order to increase the number of possible Internet addresses. The transition to the new protocol is a complex process, since the core systems of the Internet and the replacement of the end equipment are required, and not all entities currently see a worthwhile return on investment. According to the Ministry of Communications, these are only a few million. The intention is to increase the number of IP...

The train will return to activity on Monday morning after months of disabling, since the Corona virus erupted. The opening is made possible after the decision of the Corona Cabinet last week, which approved the opening after several rejections. The opening of the train has become imperative, as the economy has returned to activity, traffic jams have increased without a proper public transport alternative, and the need for an effective mobility solution has become critical for the public. The train was run this past week and drafted a plan to run it, under new health ministry restrictions....

On Sunday, the OECD released a new report on ways to reduce the congestion of traffic in Israel. In recent months, the issue of congestion fees has returned to public discourse, and as the new Transport Minister at Bezalel advances steps to reduce road congestion in favor of public transport, the new report provides insights and conclusions about the effectiveness of the block toll systems and their use in various cities around the world, In Milan, Singapore and Stockholm congestion fees have significantly reduced the load, and New York is now also planning a similar program

Osem-Nestle has published a document to the food chains about the expected move in which product prices will rise in the various catalogs of the company's brands. In the document, Osem clarified that it intends to raise prices by more than 5% for all products. At the same time, Osem Nestlé clarifies that the "Materna" brand products will not be included in the price change round and will remain at their stated prices today. Osem is one of the three largest companies that hold the largest market shares of food products in the country, with 7.5% of all products marketed in the country. In...

How is it possible that the number of businesses closing is actually declining when Israel is experiencing one of the biggest economic crises in the country's history. According to data from the business information company, CofaceBdi, between January and September 2020, 49,125 businesses were actually closed. In contrast, data from the Tax Authority show that only 14,271 business owners reported to the Tax Authority the closure of a business during this period. According to CofaceBdi, in July and August the number of businesses that ceased operations increased sharply (87% and 99%,...

10 days after US Secretary of State Mike Pompeo warned of winning Chinese Hutchison Group tender for establishment of Sorek 2 Desalination - Joint Committee of Energy and Water Ministry Announces Joint Group of Desalination Company IDE and Bank Leumi in Tender The facility, which is being built near zero from sensitive security facilities, has an output of 200 million cubic meters per year, will be the largest of its kind in the world and increase Israel's desalination capacity by 35%