Articles

The private US investment fund Bridge Point acquired control of the Israeli Qualitet from another US fund - Merlin Equity Partners; The purchaser announced today. The deal was not disclosed, but market sources estimated it at $ 420 million. The figure represents a multiple of five times for the seller. Qualitast is a software testing and quality assurance company established in 1998 by Eli Margolin and Eyal Zilberman. It is considered the second largest QA company in the world. In recent years, Qualitast has established its software testing activity on automation and artificial...

Bezeq International employees signed an agreement with management, according to which over 300 employees will leave the company in the next five years - about 25% of the company's employees. According to the agreement, the cost of the workers' provision will reach more than NIS 50 million. The management will increase the various welfare payments and grant a special bonus to the employees on the basis of the cooperation between the subsidiaries. These are agreements for the voluntary retirement of hundreds of employees. The cuts in Bezeq International are made against the backdrop of a...

For the first time since the establishment of YES, yes and Bezeq International have announced a triple triple service in which the customer will be able to receive, in one package: television services, Internet at 100 megabytes (infrastructure and supplier) and home telephone. The new triple will be marketed together with Bezeq International, but the brand that will accompany the activity will be yes, in order to respond competitively to its competitors in the television market, which has long offered triple packages and thus had a significant advantage over it

The Ministry of Communications published the tender for frequencies for the fifth generation cellular. This is an innovative technology that will enable the transfer of information at high speeds relative to the current situation. The tender winners will be announced during the fourth quarter of the year and the frequencies will be allocated to the companies. The auction will be conducted using the auction method in sealed envelopes. The highest bidder is the winner of the tender, but is expected to pay the second highest price. The state uses this method to get the maximum value and at...

In 2018, the Ministry of Education continued to budget the religious high school students at huge sums and to discriminate against secular and Arab students, according to the ministry's data on how the ministry distributed the budget. The new Minister of Education, Rafi Peretz, who has been prominent in his recent recommendation to the lesbian and gay community to undergo conversion treatments from their sexual orientation, sought to increase the budgets allocated to religious students even more. The Ministry of Education prided itself on narrowing the gaps, but such a policy is not...

The Fund for Natural Damage Insurance in Agriculture - Kent published the data on the extent of weather damage caused to farmers in the first half of 2019. The data show that farmers are expected to receive compensation of only NIS 200 million for the past six months. The data also shows that the highest compensation will be given to vegetable growers, followed by fruit and fruit growers. In Kent, it is added that due to the nature of weather damage to agricultural crops, the final extent of damage can only be determined when the crops reach the packing houses

A series of fires across the country, which have been triggered by heavy and extreme heat loads throughout the country, caused damage estimated at millions of shekels, but hardly caused casualties. Near the Ramat Pinkas neighborhood in Or Yehuda, a fire broke out in an open area. Five houses were set on fire as a result of the fire near Ramat Pinkas. There was a concentration of effort to evacuate the population from the dangerous lines, and the firefighting forces exerted great efforts on several fronts. The Technion campus was partially evacuated following a fire that raged in Nesher

srael Aerospace Industries (IAI) signed a $ 50 million contract for MRSAM Marine Systems. The contract was signed by the Indian Navy and MDL and is intended for the supply of additional systems and complementary systems to the Barak 8 air defense system. For a variety of subsystems in the advanced air defense system. Boaz Levy, IAI's Vice President and Director of the Systems, Missiles and Space Division: "IAI's partnership and strong relationship with the Indian Navy is reflected in all of our activities with our partners in India. Only recently we have successfully completed a...

A festive event marking Israeli innovation was held at the UN headquarters in New York at the end of the week, with diplomats and government representatives from around the world, UN officials and representatives of Jewish and pro-Israel organizations among the guests exposed to innovative Israeli technologies in the fields of water, agriculture and social issues. The purpose of the event, which was initiated by the Israeli delegation to the UN, was to connect local industry with governments and senior officials from the international community at the UN headquarters during a high-level...

In the summer event of Cisco Israel Together As One - Cisco Summer Celebration Hundreds of customers and business partners who are an inseparable part of Cisco's success and success in Israel attended a festive event at the Beshva Auditorium in Tel Aviv. As part of the event, Cisco Israel CEO Oren Sagi told excitedly about the huge project to restore the moon landing, and when they launched Apollo 11, a team of 400,000 people worked on the project, without the Internet, without mobile phones or personal computers. Today, fifty years later, Cisco's innovative technologies will be used by...