March 20, 2014 | American company Palo Alto Networks (which was founded by Israeli Nir Zuk), is in advanced talks to acquired Israeli cyber-security firm Cyvera. Palo Alto will pay anywhere between $150 million and 200 million for Cyvera, mostly in shares.
News Briefs
March 20, 2014
Cyvera In Advanced $200M Acquisition Talks
March 20, 2014
Tango Receives $280M Investment From Alibaba
March 20, 2014 | Chinese ecommerce giant Alibaba has invested $280 million in instant messaging company Tango, which is based in the US, but was founded by Israeli Uri Raz. The investment was made at a company value of $1.1 billion and Alibaba will own 20-25 percent of Tango.
March 19, 2014
Cyber Monitoring Company NSO Acquired For $115M
March 19, 2014 | Israeli company NSO, which specializes in cyber monitoring solutions for the defense industry, has been acquired by American investment fund Francisco Partners. Francisco Partners will pay $115 million for a 70 percent share of the company. NSO develops surveillance equipment used by governments for intelligence purposes.
March 19, 2014
ReWalk Developer Argo To Hold $60M IPO On Nasdaq
March 19, 2014 | Israeli company Argo Medical Technologies, developer of exoskeleton ReWalk, which enables paraplegics to walk, is planning an IPO at a company value of $250-300 million. “Calcalist” reports that Argo will try to raise $50-60 million and that the IPO will take place Q3 2014.
March 19, 2014
Remote Health Diagnostics Company Tyto Care Raises $4M In Series A Financing
March 19, 2014 | Israeli company Tyto Care, which is developing a device which enables anyone to perform health diagnostics, has raised $4 million in its first financing round. The funds were raised from OrbiMed Israel and LionBird. The company’s device and platform enables people to transmit a variety of data to medical professionals, giving them the information need for medical diagnosis.
March 19, 2014
KitLocate Acquired For $15-20M
March 19, 2014 | Israeli geolocation startup KitLocate, which develops energy-saving GPS technology for smartphone apps, has been acquired by Russian company Yandex, the world’s largest non-English search engine. Yandex will set up its first Israeli offices, with KitLocate’s office serving as an R&D center for the Russian company. Though financial details were not disclosed, “Globes” reports and estimate of $15-20 million.
March 19, 2014
XLMedia Raises £42M ON IPO
March 19, 2014 | Israeli company XLMedia, a gaming marketing company, has concluded its initial public offering (IPO) on London’s Alternative Investment Market (AIM), raising £42 million. The IPO was held at a company value of £92.9 million after money.
March 17, 2014
Israeli Professor Wins Award For Suicide Prevention Research
March 17, 2014 | The American Foundation for Suicide Prevention (AFSP) has announced that Ben Gurion University’s Department of Psychology Professor Gary Diamond and his colleague, Professor Guy Diamond (no relation) of Drexel University in the US will be awarded the 2014 Annual AFSP Research Award. The researchers’ work contributed to the field of suicide prevention by studying a clinical treatment, Attachment-Based Family Therapy, in people with suicide risk. This research led to positive results for adolescents with a history of suicide attempt.
March 17, 2014
Appixia Acquired By Wix For $10M
March 17, 2014 | Israeli mobile commerce app developer Appixia has been acquired by Israeli DIY website giant Wix. Though the transaction’s financial information was not disclosed, TheMarker reports that it is approx. $10 million, which will split between Appixia’s two founders, who are the company’s only employees.
March 13, 2014
SGVC To Invest $25M In Israeli Startups
March 13, 2014 | Venture Capital fund SGVC, headed by Russian billionaire Sergei Grishin, is setting up a $50 million investment fund, half of which is intended for Israeli companies. According to the IVC research center, Grishin is the most active private investor in the Israeli startup scene, investing $20 million in 36 startups over the past 18 months.
March 12, 2014
Borderfree To Raise $70-80M On IPO
March 12, 2014 | Israeli company Borderfree, which develops international ecommerce solutions for American retailers, has set terms for its planned Nasdaq IPO. The company will attempt to raise $70-80 million at a company value of $427-488 million after money.
March 12, 2014
Can-Fite Raises $5M In Private Placement
March 12, 2014 | Israeli pharmaceutical company Can-Fite Biopharma has raised $5 million in private placement from US investors. The company says it will use the proceeds for further clinical trials of its psoriasis, glaucoma, and liver cancer treatments.
March 12, 2014
Qlika Acquired By Priceline For $20M
March 12, 2014 | Israeli startup Qlika has been acquired by American vacation booking company Priceline Group for $15-20 million. Qlika offers segmented and targeted advertising services. Qlika’s offices will become Priceline’s first Israeli offices. The company was founded in 2012 and has raised a total of $1.7 million prior to the acquisition.
March 11, 2014
Pointer Raises $10.4M In A Private Offering
March 11, 2014 | Israeli company Pointer Telocation Systems, which offers a variety of products and services for vehicle-based companies, has raised $10.4 million in a private offering on Nasdaq. While the company did not disclose who the investors were, “Globes” reports that they were Meitav DS Holdings and The Phoenix Holdings.
March 11, 2014
Digital Advertising Company Matomy To Hold £60M London IPO
March 11, 2014 | Israeli company Matomy Media Group is planning to hold an IPO on the London Stock Exchange, raising £60 million (approx. $100 million). The IPO will be held in April at a company value of $400-500 million.
