Israeli company Brainsway Ltd. has received approval from the Health Canada for its Deep TMS treatment. The treatment, approved earlier this month by the American FDA, uses transcranial magnetic stimulation for treating people suffering from depression for whom drug treatment was not effective.
News Briefs
January 16, 2013
Brainsway Receives Health Canada Approval For Depression Treatment
January 15, 2013
JPEGmini To Be Integrated In GLOBALedi Software
Image optimization technology JPEGmini, developed by Israeli company ICVT, will be integrated in Industrial Color‘s GLOBALedit platform. JPEGmini enables image compression of up to five times, without loss of image quality. Industrial Color is a family of vertically-integrated software, creative production and post-production companies.
January 15, 2013
Life Sciences Company Alcobra Plans To Raise $15-20M On IPO
Israeli company Alcobra Ltd., which develops treatments for Attention Deficit Hyperactive Disorder (ADHD), has filed a draft prospectus with the American SEC. The Israeli company plans to hold an IPO on Nasdaq at a company value of $100 million, and hopes to raise $15-20 million.
January 14, 2013
Facebook App Zibaba To Raise $3.5M
Israeli company Zibaba Ltd., which develops Facebook marketing apps for small and medium businesses, plans to further expand its range of solutions. In order to achieve this goal, the company has announced that it plans on raising $3.5 million.
January 14, 2013
Applicasa Raises $1M From 888 Founder
Israeli mobile game management company Applicasa has raised $1 million on its seed funding round. The company, which develops cloud-based tools for mobile app development, has raised the funds from the Shaked family, founders of successful online gaming company 888 Holding.
January 14, 2013
NICE and Verint To Merge And Form $4B Company
Israeli data collation and analysis giant NICE Systems Ltd. is in talks to acquire Israeli rival company Verint Systems Inc. for $1.5 billion. The acquisition will merge the two companies into a giant $4 billion company. The two companies dominate the American market in their field, so the US antitrust regulators will most-likely have to approve the merger
January 12, 2013
Israeli Exits Exceed $5.5B In 2012
The startup nation has hit another peak, with 2012 being a record year for startup exists. Accounting firm PwC reports that over the year, Israeli companies have made exits totaling at over $5.5 billion. According to PwC, 2012 had fewer exits than previous years, but the average exit was much higher than usual – a record $111 million.
January 11, 2013
Israeli Company EasyHi Raises $1.5M
EasyHi, an Israeli company which developed Slide.ly, a website that enables users to turn photos into video clips, has announced that it has raised $1.5 million. The financing round was led by Benson OAK, part of the AVG group.
January 10, 2013
Online Therapy Startup Talktala Partners With Huffington Post
Arianna Huffington, founder of popular blog network The Huffington Post, has announced that she will collaborate with Israeli startup Talktala. Talktala, which officially launched last May, enables users to undergo real-time online group therapy. The announcement was made at the 2013 CES exhibition in Las Vegas.
January 10, 2013
Brainsway’s Deep TMS System Wins FDA Approval
Israeli company Brainsway Ltd., which develops innovative devices for treatment of mental disorders using magnetic pulses, has announced that it has received US Food and Drug Administration (FDA) approval for its Deep TMS system. The system uses transcranial magnetic stimulation (TMS) for treating depression in patients who cannot be treated using standard methods.
January 10, 2013
Report: Kamada Plans To Raise $50M On Wall Street
Israeli pharmaceutical company Kamada Ltd., which specializes in developing, producing and marketing of specialty life-saving therapeutics, plans to raise some $50 million in stock. Business news agency Bloomberg reports that Kamada has hired Morgan Stanley and Jefferies Group Inc. to arrange the sale.
January 09, 2013
American Media Agency MediaWhiz Acquired By Matomy
Israeli company Matomy Media Group Inc. has acquired American digital media agency MediaWhiz Inc. for $10 million. The American company has shown annual revenue of $75 million and will increase Matomy’s turnover to $230 million.
January 09, 2013
Panaya Raises $16M In Series D Financing Round
Israeli company Panaya, which offers ERP testing and upgrade automation Software as a Service (SaaS), has announced that it has secured $16 million in its fourth financing round. The funds were raised from existing investors, led by Battery Ventures. Panaya has raised $39 million to date.
January 08, 2013
Diagnostic Tools Company Medigus Raises $8M
Israeli company Medigus, which develops minimally invasive medical diagnostic tools, has announced that it has received an $8 million investment. The funds were invested by Israeli healthcare fund OrbiMed Israel Partners, in exchange to ownership of 31 percent of the company.
January 08, 2013
PwC: Average Israeli Exit Price Soars To $111M In 2012
Accounting firm PWC Israel sums up 2012 as an extremely positive year for Israeli high tech companies. The firm indicates that since 2008, there average exit price has been constantly rising. In 2008, the average exit was $32 million, whilst in 2012, the average is a whopping $111 million – an all-time record.
