Israeli Company Financial Algorithms Receives $4B Bid For Buy Out

June 29, 2014 | According to reports by Calcalist, Israel’s Financial Algorithms (FINAL) is set to receive a $4 billion buy bid from an unidentified foreign company. Financial Algorithms was founded in 2001 with the understanding that science and technology could be used to gain a competitive edge on financial markets. Currently, the company employs about 100 workers in its Herzliya offices and reported a profit of nearly $330 million in 2013. If the reports are true, this would be one of the largest acquisition of an Israeli company to date.