April 27, 2015 | Sapiens has announced it will provide Tennessee Farmers Life Insurance Company with its flagship policy administration system. Sources in the FinTech industry tell NoCamels the deal is valued at $8 million. Headed by Roni Al-Dor, Sapiens is traded both on NASDAQ and on the Tel Aviv Stock Exchange. Founded in 1982 by Tsvi Misinai, Sapiens develops computer software solutions for the insurance industry.
April 27, 2015 | Israeli manufacturer Polyram has agreed to sell 65 percent of its shares to Israeli private equity firm FIMI for $88.5 million. Polyram, a leading manufacturer of engineering thermoplastic compounds mainly for the automotive industry, was founded in 1986 by Joshua Segev.
April 27, 2015 | Facebook could enter the mobile live-streaming arena in just a few months by acquiring Israeli live video startup Meerkat, American internet entrepreneur Jason Calacanis, CEO of Weblogs, told CNBC. Meerkat’s competitor Periscope was recently acquired by Twitter. Formerly known as Yevvo, Meerkat was founded in 2012 by Ben Rubin, Roi Tirosh and Itai Danino.
April 27, 2015 | American biopharmaceutical giant Gilead Sciences will open a marketing office in Israel, according to a Globes report. Famous for its effective Hepatitis C treatment, Gilead is a $154 billion coropration operating in 30 countries. It was founded in 1987 in California.
April 26, 2015 | Israel Chemicals has reportedly signed agreements to provide 1.1 million metric tons of potash to companies in China. The agreements will be valid for approximately three years. “The agreements we have signed with our customers in China for 2015 confirm ICL’s strategy to reinforce our position in the Chinese market by marketing and selling directly to potash manufacturers and distributors. We are grateful for the trust and confidence they have placed in ICL over the years – and especially during this period – and we will continue to work diligently to strengthen their trust,” said ICL Fertilizers CEO Nissim Adar. Israel Chemicals was founded in 1968 and is headquartered in Tel Aviv.
April 26, 2015 | According to Los Angeles Mayor Eric Garcetti, the city will send alerts about hit-and-runs and kidnappings over navigation app Waze. Garcetti has signed a data-sharing partnership between the City of Los Angeles and Waze. Waze was founded in 2007 by Uri Levine, Amir Shinar and Ehud Shabtai and was acquired by Google in 2013.
April 22, 2015 | The board of directors of Perrigo has rejected the offer made by Mylan NV to purchase its shares $29 billion. Perrigo has reportedly rejected the offer because it feels that it does not reflect the true value of Mylan’s company value and because it does not serve Perrigo’s shareholders’ interests. Simultaneously, Teva Pharmaceutical Industries has offered to purchase Mylan for nearly $41 billion, though Mylan has opposed take-over attempts in the past. Perrigo is the only non-Israeli company listed on the TA-25.
April 22, 2015 | Comverse is reportedly in the process of selling the billing division of its company to Amdocs for approx. $300-400 million, according to a “Globes” report. The announcement comes in the same week that Comverse signed a cooperation agreement with Indian company Tech Mahindra for the transfer of the former’s digital service employees to the latter company. Amdocs is headed by president and CEO Eli Gelman.
April 22, 2015 | The Israeli maritime data and analytics company Windward was named a Red Herring Top 100 Europe company for 2015. This prestigious annual award recognizes innovative technologies making an impact across industries. Windward’s technology is in wide use by Security, Intelligence and Law Enforcement agencies worldwide, who are using insights from Windward’s data platform to identify suspicious ships before they reach their shores. Windward was founded in 2010 by Matan Peled and Ami Daniel.
April 21, 2015 | Ben Gurion University of the Negev and the French Alternative Energies and Atomic Energy Commission (CEA) have signed an agreement on reactor core physics studies. The collaboration will focus on the feasibility analysis of core degradation situations during severe accidents in nuclear reactors. The CEA is strongly involved in core physics R&D field using Zero Power Reactors (ZPR) for experimental qualification, and is launching a new project called ZEPHYR as a future modern ZPR for experimental physics. Ben-Gurion University and the Unit of Nuclear Engineering specifically, are highly interested in developing its expertise and research capabilities in core physics and to participate in studies related to ZEPHYR.
April 21, 2015 | The Israeli medical startup EyeYon Medical announced that it raised $3.6 million. EyeYon received investments from Pontifax, TriVentures, a large Indian distributor, the Office of the Chief Scientist and other existing investors. EyeYon Medical develops solutions for corneal edema and was founded by Dr. Ofer Daphna, Dr. Arie Marcovich, and Nahum Ferera.
April 21, 2015 | The public transportation “navigation” application Moovit has released an updated version of its platform for Android. Some of the new features on Moovit 4.0 include a simplifed design and a search function that suggests the best way to get to where you need to go. In addition, the new version of Moovit allows users to search for bus and train lines to see where it will take them. One of the main improvements is that the app now works offline so that users can store planned trips and directions for access when they don’t have an Internet connection. Moovit was founded in 2011 by Yaron Evron, Roy Bick and Nir Erez.
April 21, 2015 | The developers of a financial social network, eToro announced that it has expanded its recent funding round to $39 million in total. The funding round, originally announced in December as valued at $27 million, saw late participation from CommerzVentures GmbH, the venture capital arm of Commerzbank. To date, eToro has raised a total of $70 million. eToro was founded in 2007 and is headed by CEO Jonathan Assia.
April 21, 2015 | The enterprise gamification developer GamEffective announced that it raised $3 million in Series A funding. The round was led by Vernit Systems together with existing investors 2B Angels and Shaked Ventures, among others. GamEffective was founded by Gal Rimon in 2012.
April 21, 2015 | Roman Abramovich has led a $30 million investment round in the Israeli-created music-sharing startup Music Messenger. Abramovich himself contributed $15 million to the round, as well as well-known members of the music industry, David Guetta, Nicki Minaj, Tiesto, will.i.am and Gee Roberson, a number of whom also participated in the previous funding round. Music Messenger was founded by CEO Oded Kobo, Shai Azran, David Strauss and Uzi Refaeli.
April 21, 2015 | The venture capital firm AltaIR Capital announced that it is raising $30 million to invest in Israeli high-tech companies, according to “Globes.” The fund is led by managing partner Igor Ryabenkiy and has made up to 80 investments in companies all over the world since it was founded. To date, the company has made up to 13 investments in young Israeli startup companies.
April 21, 2015 | According to a “Reuters” report, Teva Pharmaceutical Industries has agreed to pay $512 million in a class action suit. The suit claims that a Teva-acquired company Cephalon “used anticompetitive settlements to delay generic versions of its wakefulness drug Provigil.” Also according to “Reuters,” “the settlement is the largest ever to be paid to consumers over allegations of delaying generic drugs, according to a motion to approve the settlement filed Friday in Philadelphia.” Teva was founded in 1901 and is headed by Erez Vigodman.
April 21, 2015 | Media mogul Patrick Drahi has announced that Israeli news network i24news will become part of the media company he founded in France. i24news’ broadcasting network launched in Israel in July 2013 in English, Arabic and French.
April 21. 2015 | According to reports, the mobile phone manufacturer Blackberry will acquire Israeli file-sharing security company WatchDox. Sources close to the company reported to “Globes” that Blackberry would pay as much as $100 million for the acquisition of WatchDox. In addition, “Globes” reports that Blackberry will establish a research and development center in Israel that will be based on the acquisition of WatchDox. WatchDox was founded in 2008 by CEO Moti Rafalin and VP of Product Noam Livnat.
April 21, 2015 | The Israeli advertising company abaGada was acquired by Japanese advertising giant Dentsu Aegis. According to a “Globes” report, the company was acquired for between $60-90 million. This is the first acquisition made by Dentsu Aegis in Israel, with the company operating in the country under the name Carat Israel. abaGada was founded in 2010 by three former employees of Google Israel: CEO Eyal Chen, Kobi Frakental and Gil Jones.
April 20, 2015 | Technology company Amdocs has notified its employees that it is looking for a new location in the center of Israel. The company reportedly explained the move, from its Ra’anana location to a more central location, as part of its desire to improve the work environment. The company is reportedly looking into opening an office in the central and Sharon regions. Amdocs was founded in 1982 by Morris Kahn and Boaz Dotan.
April 19, 2015 | According to reports in “Globes,” Persian Gulf states have met with the managers of a cyber security and intelligence company in Israel. The meeting reportedly took place at the first international conference on homeland security, the Interpol World 2015 held recently in Singapore. Fourteen Israeli companies specializing in cyber security and related industries attended the event.
April 19, 2015 | The Israel Academy of the Sciences and Humanities and the Royal Society of England have signed an agreement to further collaborative research. The agreement, which was made possible by a donation from the Kohn Foundation, will cover a five-year exchange program including five fellowships to be named by the Royal Society Kohn International Fellowships. The agreement was signed at the Royal Society by its president Sir Paul Nurse and Prof. Ruth Arnon, President of the Israel Academy of Sciences and Humanities.
April 16, 2015 | Matomy Media Group announced that it acquired a 70 percent stake in the Canadian performance email marketing and targeting company Maven Marketing Group. Operating under the name Avenlo, Matomy still has the option to acquire the remaining 30 percent of the company within the next three years. Sources close to “Globes” estimate the acquisition amount at $17.6 million. Matomy Media Group was founded in 2007 by Adi Orzel.
April 16, 2015 | The Israeli biomed company Foamix Pharmaceuticals announced that it raised $60 million in a secondary NASDAQ offering. Foamix is the developer of a foam-based delivery method for dermatological products and drugs. Foamix was founded in 2003 by Dov Tamarkind.
April 16, 2015 | The Asian Infrastructure Investment Bank (AIIB) announced that Israel has been approved as one of the banks 57 founding members. The goal of the AIIB, a Chinese initiative, is to provide financial infrastructure for development projects in Asia. The establishment of the bank is set to be completed by the end of this year.
April 16, 2015 | The Trendlines Group portfolio company Leviticus Cardio announced that it raised over $1.5 million from private investors. The company will reportedly use the funds to commence its “first-in-man” feasibility study with the unique Coplanar Energy System. Leviticus Cardio is a medical device company founded in 2008 dedicated to improve the clinical outcome for patients implanted with a left ventricular assist device (LVAD) for impaired cardiac function.
April 16, 2015 | Sun Pharmaceutical Industries and the Technion Israel Institute of Technology announced that they have entered into a worldwide research and licence agreement. The agreement is aimed at the development of a joint project, based on findings made by Nobel Prize laureate Aaron Ciechanover, that could potentially lead to the development of anti-cancer drugs.
April 16, 2015 | Comverse and Indian company Tech Mahindra have signed a $150-200 million deal to establish a research and development center in Israel. “Engineering is a very large part of our business but we want to make it even bigger. We believe it can be a billion dollars annually in the next few years,” said Manish Vyas, President of Tech Mahindra’s communications group. “Given the culture of entrepreneurship in Israel we need to be here,” he continued . According to the agreement, Tech Mahindra will be responsible for R&D and customer services and Comverse will be responsible for product management and sales. Comverse was founded in 1982 in Israel by Kobi Alexander, Boaz Misholi and Yechiam Yemini.
April 15, 2015 | The largest privately-owned Vietnamese company, Vingroup, announced that it will purchase Israeli technology to be used in its agricultural projects. Israeli figures estimate that Vingroup’s use of Israeli technology could mean a bankroll of tens of millions of dollars in sales, intellectual property fees, services and equipment in the years to come. The firms founder announced that Vingroup would develop commercial farms using Israeli, Dutch and Japanese technology. Vingroup was founded in 1993.
April 15, 2015 | The Israeli stem cell solutions company Accellta announced that it signed an exclusive agreement with the international company Stem Cell Technologies. As part of the agreement, Stem Cell Technologies will market Accellta’s culturing platform that grows stem cells. Accellta was founded at the AMIT Institute of the Technion Israel Institute of Technology.
April 15, 2015 | The cloud access security company Adallom confirmed reports that it raised $30 million. The funds were raised from the newly launched Hewlett Packard Ventures, Rembrandt Venture Partners, Sequoia Capital and Index Ventures. The funds will reportedly be used to grow the company’s sales and marketing and to expand research and development. Adallom was founded in 2012 by Roy Reznik, Ami Luttwak and Assaf Rappaport.
April 15, 2015 | Viola Private Equity, an investment firm that deals with growing technology companies, announced that it raised $250 million for its second investment fund. The firm, which is tied to the larger Viola Group in Israel, stated that it doesn’t plan to raise more than $300 million in the second fund. The second fund will be used to invest in between 10-12 growing startup companies with the each investment valued between $20-40 million. Viola Private Equity was founded in 2008 and is headquartered in Herzliya, Israel.
April 15, 2015 | ClickTale, an Israeli company specializing in digital customer experience tools, announced that it will open an office in San Francisco as part of its expansion efforts. The office will join ClickTale’s existing office on the East Coast of the United States, with both offices working towards growing the company’s customer base. ClickTale was founded by Tal Schwartz and Arik Yavilevich in 2006.
April 15, 2015 | Teddy Sagi’s Market Tech Holdings will expand its hold over London’s Camden Market by acquiring the Utopia Village office complex for £44 million (approx. $65 million). Utopia Village is near the entrance to Camden Market, an acquisition that will help Market Tech Holdings cement its vision of constructing a tech, fashion, food and design complex. According to assessments, Sagi plans to invest nearly £300 million ($442 million) in revamping Camden Market by the start of 2018.
April 15, 2015 | Apple announced that it will acquire the Israeli imaging company LinX Computational Imaging. According to a Wall Street Journal report, Apple will pay about $20 million for the company, though neither LinX nor Apple confirmed the acquisition value. LinX is a developer and marketer of small cameras for tablets and smartphones, founded by CEO Ziv Attar and VP of software Andrey Tovchigrechko in 2011.
April 14, 2015 | The Association for Computing Machinery and the Infosys Foundation announced Israeli Dan Boneh as the recipient of the 2014 ACM-Infosys Foundation Award in the Computing Sciences. Boneh was awarded the honor for his contributions made in the field of pairing-based cryptography and identity-based encryption. The award will be presented to Boneh at a ceremony in San Francisco on June 20th and we will be awarded $175,000 for his achievements. Dan Boneh is a professor in computer science and electrical engineering at Stanford University.
April 14, 2015 | According to a “Globes” report, the billionaire Roman Abramovich has purchased The Varsano Hotel in Tel Aviv. The report stipulates that Abramovich paid NIS 100 million (approx $25 million) for the property in the Neve Tzedek neighborhood of Tel Aviv. Roman Abramovich is a resident of London, England and is the owner of Chelsea FC.
April 14, 2015 | Reporty Homeland Security announced that it raised $1 million from former Israeli prime minister and minister of defense Ehud Barak. Reporty plans to use the investment to continue the development of its platform that connects between city residents and municipal bodies, allowing residents to file official reports in real time while maintaining their anonymity. Reporty was founded in 2014 by CEO Amir Elichai.
April 14, 2015 | The contact-free monitoring solutions provider EarlySense announced that it would sign a partnership agreement with Mitsui, one of the largest general trading companies in Japan. As part of the agreement, EarlySense will partner with Mitsui to bring its patient monitoring solutions to hospitals, wellness centers and homes throughout Japan. In return, Mitsui has invested $5 million in EarlySense, bringing the company’s Series F total funding to $25 million. EarlySense was founded by Avner Halperin in 2004.
April 14, 2015 | The Israeli music education startup Tonara announced that it raised $5 million in a round led by China’s largest search engine, Baidu. Carmel Ventures also participated in the round. As part of the deal, Peter Fang, Baidu’s Senior Director of Corporate Development, will join Tonara’s board of directors. Tonara was founded by Evgeni Begelfor and Yair Lavi in 2008.
April 13, 2015 | The Israeli pharmaceutical company BioBlast Pharma received US Food & Drug Administration approval to fast track clinical trials on its Cabaletta drug. Used to treat a rare muscular condition known as oculopharyngeal muscular dystrophy (OPMD), fast track status will give BioBlast better access to FDA tools and staff in order to see rapid approval for the drug. BioBlast Pharma was founded in 2012 and is headquartered in Tel Aviv.
April 13, 2015 | Intec Pharma is reportedly set to reach an agreement with a major pharmaceutical company worth $150 million, according to a “Globes” report. According to the terms of the reported agreement, Intec will develop its delayed release accordion pill for drugs entering the intestine. In addition, “Globes” reports that the agreement stipulates an additional $1 million for initial R&D and a possible rights agreement regarding the development and distribution of the drug. Intec Pharma was founded in 2000 and is headquartered in Jerusalem.
April 13, 2015 | The international biomed fund OrbiMed is considering raising a second fund in Israel, according to a “Globes” report. OrbiMed reportedly hopes to raise between $200-250 million, though the group has not yet begun recruiting investors. In Israel, OrbiMed is headed by Senior Managing Director Dr. Nissim Darvish together with Anat Naschitz and Erez Chimovits, among others.
April 13, 2015 | The American company Avid will acquire Israeli company Orad Hi-Tech Systems for a reported $60 million. Orad is the provider of real-time 3D graphics, video serves and asset management solutions based out of Kfar Saba, Israel. Orad was founded in 1993 by Avi Sharir and Ofir Benovici.
April 12, 2015 | The Israeli biotechnology company Kadimastem announced that it plans to begin human trials for its stem-cell ALS treatment in the second-half of 2016. The announcement follows an impressive 24-hour approval from the FDA to move forward with the clinical trial process that resulted from the publication of the company’s pre-clinical findings. Kadimastem was founded in 2009 and is headquartered in Ness Ziona, Israel.
April 12, 2015 | TabTale, a mobile game publisher based in Israel, announced that it will acquire Sunstorm Games. TabTale will acquire the Las Vegas-based kids mobile game developer for an undisclosed amount. TabTale itself was recently ranked within the top ten mobile game publishers worldwide in terms of downloads on the Apple App Store. TabTale was founded in 2010 and is headquartered in Tel Aviv.
April 12, 2015 | The Israeli renewable energy company Energix Group announced that it acquired the rights to a $101 million wind farm in Poland. The wind farm will reportedly be able to generate up to 50 megawatts of power when it is completed by the end of the year, later to produce up to 192 megawatts for use by utilities in Poland. Energix was founded in 2009 and is headquartered in Ramat Gan, Israel.
April 12, 2015 | The Dutch businesswoman Nina Storms is in talks with Israeli T.V. personality Erez Tal to head the formats and production company that she wants to establish in Israel. The goal of such a company would be to develop and produce television formats and content to be marketed to a global audience. “Globes” reports that Storms has considered establishing such a company in Israel for some time. Storms’ owns a number of content companies in Denmark and Europe, including Flare Media, and has an estimated wealth of €240 million (approx. $256 million).
April 12, 2015 | The European accelerator Startupbootcamp, within the framework of its FastTrack Fintech, will visit Israel to scout out companies to participate in the program. The FastTrack Fintech program will be conducted simultaneously in 19 countries and the program will be opened to about 10 Israeli companies. Startupbootcamp is a startup accelerator program founded in 2010 in Copenhagen.