Articles

Enterprise video solutions company Kaltura reports that it has received a purchase offer at a value of $383 million, a 27% premium over the last closing price on Wall Street. The potential buyer is a competitor of Kaltura called Panopto, which already at the beginning of June announced its intention to buy Kaltura. Earlier this month, it already put a concrete offer on the table, but Kaltura for its part only disclosed the contacts now, when the offer was improved, and more importantly - when Panopto's partner in the move, the K1 Foundation, became an interested party in Kaltura and left...

After six consecutive months of increases, fuel prices will drop sharply tonight at midnight - according to the Ministry of Energy announcement. The decrease is recorded following the drop in oil prices in the world in the last month, and after last week the Ministry of Finance published an order that expands the reduction of the excise tax on fuel to NIS per liter. The order that reserves the reduction of the excise tax on fuel will be in effect until the end of the month, after which it will be possible to extend it

The Israeli cyber giant Check Point presented its second-quarter report and managed to overtake the analysts' forecasts in the key indicators: the company's revenues jumped by 9% to 571 million dollars, and the diluted earnings per share (the key figure in this article which is Non -GAAP) was $1.64, compared to average expectations for revenues of $560 million and earnings per share of $1.62

The government price committee recommended on Wednesday evening to raise the price of supervised nurseries by a high amount of NIS 500 per month. Ynet has learned that the ministers of finance and economy will not approve the recommendation: "This is a disproportionate harm to the public of parents." Failure to raise the price may result in at least some nurseries not opening

Talon Cyber ​​Security, developer of the first secure browser for enterprises, has completed a $100 million Series A funding round. The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike's Falcon Fund, Merlin Ventures, SYN, and existing investors George Kurtz, founder and CEO of CrowdStrike, Lightspeed Venture Partners, Sorenson Ventures and Team8 Capital. The round brings the total amount that Talon has raised since its inception to $126 million.The fundraising funds will be used to continue developing and improving the product and speeding...

The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

A day after it was revealed that it would lay off about 100 of its employees (about 2% of the workforce), Wix Company reports slightly higher revenues than expected in its reports for the second quarter of the year. The company, which developed a system for building websites, shows revenues of $345.2 million - a growth of About 9% compared to the corresponding quarter last year. Market analysts expected revenues of $344.39 million and the company itself predicted revenues of $342-346 million. Excluding exchange rate differences, revenues in the last quarter grew by 11% to the level of 349...