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Flywire has officially announced the acquisition of Israeli startup Simplee. It's Founder and CEO Tomer Shoval will be named Senior Vice President for Sales, Business Development and Strategic Accounts at Flywire. At the same time, Flywire announced the completion of a new $ 120 million round of funding led by Goldman Sachs, which will support the acquisition in part. "The acquisition is accelerating the digitization of payments to address the challenges associated with patient engagement and funding in the medical market," the statement said. "By integrating the Playwire platform with...

In a significant development within the Israeli communications market, the Fortissimo investment fund is set to acquire a controlling stake in Cellcom, a leading telecommunications company, at an estimated value of NIS 2.6 billion. The strategic move involves Fortissimo purchasing a substantial 36% holding from DSKSH for approximately NIS 925 million

The corona plague is far from over, and the death toll from it worldwide is already approaching one million. However, although the basic tools for curbing the plague are already known to all, governments continue to fail to address its basic treatment, says the weekly Economist, which cites Israel as an example of such failure, due to arrogance and internal struggles. An article in the weekly said that although the number of patients in Corona in the world is probably much higher than current estimates, there are reasons for optimism, whether due to the slowdown in mortality or due to the...

Clal Holdings announced to the stock exchange on Sunday evening the purchase of the MAX credit card company from the controlling owner, the Warburg Pincus Fund, for NIS 2.47 billion. The parties have already signed the memorandum of understanding in preparation for due diligence, and in the end they are expected to sign the agreement. To the extent that the transaction is completed, Warburg Pincus will exit Max three years after acquiring control of it at a value of NIS 2.5 billion from Bank Leumi as part of the adoption of the recommendations of the Strum Committee, which stipulated that...

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

The Treasury has declared that an economic plan will be presented tomorrow. Against the backdrop of the statement, business organizations have passed on their demands to the Treasury, including the Manufacturers' Association, which has held meetings of the industrialists throughout the day, led by the association's president, Ron Tomer. Manufacturers presented the Treasury with their plan for saving and accelerating the economy as the crisis ended. They continued to negotiate on both fronts that are leading the economic crisis, and also met with representatives of the National Security...

amounted to 3.9 million tonnes, an increase of 14% compared to 2014. However, the amount of waste recycled amounted to 2.9 million tonnes, and 75% of the total waste in the manufacturing and electricity industries remained, similar to 2014. , According to the 2017 CBS Environmental Survey. In 2017, approximately 20,000 tonnes of greenhouse gases were emitted in the manufacturing and electricity sectors, which account for about 31% of total greenhouse gas emissions as a result of fuel combustion, and this year only 6% - 4% of companies in the manufacturing and electricity sectors undertook...

Towards a revolution in the Internet market: The Ministry of Communications issued a hearing to examine the abolition of infrastructure-to-provider separation (ISP), which has been practiced in Israel since 2000. As part of the reform, it is proposed ISP to private consumers so that they may be entitled to a unified service. "The existence of a split model no longer serves the competitive purposes for which it was set and imposes unnecessary costs on the economy and harms consumer welfare," the ministry notes. "The contribution of the ISP segment is small and it is doubtful whether it is...