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Monthly Archives: July 2015
Expanded free trade with Canada
A new free-trade agreement between Canada and Israel expands market access opportunities for agricultural, fish and seafood products through the reduction or elimination of tariffs on a large number of products. It will further strengthen Canada’s bilateral relationship with Israel. … Continue reading
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Speedy funding for car booster seat
Israeli startup Mifold wanted to raise $40,000 on Indigogo to help fund the rollout of its innovative tiny car booster seat for children. It reached the target in just 3 hours of starting the campaign and with 20 days remaining, … Continue reading
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Why Israeli trade with the UK is booming
Britain’s trade with Israel reached a record high of £5.1billion last year after doubling during the last decade. Some of the reasons for this are the innovative Israeli products, UK-Israeli partnerships, and the quality and all-year-round availability of Israeli produce. … Continue reading
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Judea’s new startup hub
Over 70 people from Tel Aviv, Modi’in, Beit Shemesh and Jerusalem as well as throughout Gush Etzion, came to network at Hub Etzion in the new Gush Etzion Industrial Park. The hub is due to open on Oct 15 and … Continue reading
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Clicksoftware exits for $438 million
I reported on Israeli disaster recovery scheduling startup ClickSoftware previously (in Feb 2014). It has just been acquired by US Francisco Partners for $438 million (45% above its NASDAQ average value) and becomes a private company again. http://www.globes.co.il/en/article-francisco-partners-buys-israeli-co-clicksoftware-for-438m-1001031988
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Microsoft’s 10th Israeli startup
Microsoft is to acquire Israeli start-up Adallom for about $320m, Microsoft’s tenth and most expensive Israeli purchase. Adallom currently has around 60 employees and will expand to become Microsoft’s cyber-security development headquarters in Israel. http://www.timesofisrael.com/microsoft-set-to-acquire-adallom-its-10th-israeli-buyout/
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Chelsea boss invests in AnyClip
The owner of UK soccer club Chelsea, Roman Abramovich is part of a $21 million investment in Israel’s AnyClip Media. AnyClip is responsible for the distribution of almost two percent of the world’s video advertisements and is in the top … Continue reading
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Israeli fraud prevention wins business award
I reported previously (see Nov 2014) on Israeli startup fraud prevention company Forter. Its technology is used by merchants to approve online transactions. Forter refunds the value of any wrong decision it makes and has just won a silver “Stevie” … Continue reading
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Average hi-tech exit soars
The number of Israeli hi-tech companies being taken over in first half of 2015 was roughly the same rate as in 2014. However, the average value of each acquisition increased by 51%. 54 deals in 2015 raised $5.29 billion whereas … Continue reading
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Deregulating the Energy industry
Israel’s government has granted licenses for three energy companies to supply electricity to businesses. The 20-year licenses will generate competition and hold down prices. http://www.globes.co.il/en/article-israeli-private-power-producers-receive-supplier-licenses-1001052663
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