Monthly Archives: October 2015

Growing nicely

Moody’s Investors Service reported that Israel’s resilient growth model, effective governance and steadily improving debt metrics underpin its A1 government bond rating and stable outlook. https://www.moodys.com/research/Moodys-Israels-resilient-growth-and-improving-debt-metrics-underpin-its–PR_336069  

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Israelis to drill for North Sea oil

Israel’s Delek Group is to become the biggest shareholder in UK North Sea oil and gas firm Ithaca Energy following a £43million investment. Ithaca is currently focused on the construction of a new production hub in the Greater Stella area … Continue reading

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30 years of US-Israeli free trade

The 30th anniversary session of the U.S. – Israel Joint Economic Development Group in Washington also highlighted the 30th anniversary of the U.S.-Israel Free Trade Agreement – the first free trade agreement signed by the United States. http://m.state.gov/md248218.htm  

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New Chinese fund for Israeli investments

CreditEase China, one of the biggest microcredit and wealth management firms in the world, has established the CreditEase Israel Innovation Fund (CEIIF), its first Israel-focused venture-capital/private equity fund. The fund has raised $30 million for investment in Israeli hi-tech. http://www.timesofisrael.com/chinese-investors-rush-to-embrace-israel-via-new-fund/ … Continue reading

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CyberArk makes US purchase

CyberArk is another Israeli firm growing by acquisition. Following its NASDAQ launch and purchase of Israel’s CyberIntel, it has now bought up Massachusetts-based Viewfinity for $30 million. Viewfinity will help CyberArk’s Privileged Account Security Solution to prevent cyber-attacks. http://www.timesofisrael.com/fledgling-israeli-cyber-security-giant-makes-second-acquisition/  

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SanDisk sold for $19 billion

Memory chip maker SanDisk, founded by Israel’s Eli Harari, has been sold to US hard disk manufacturer Western Digital for $19 billion. In 2014, Harari received the US National Medal of Technology and Innovation for revolutionizing the flash storage industry. … Continue reading

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Microsoft buys another Israeli cybersecurity firm

Microsoft is buying Israeli cyber security company Secure Islands for $100-150 million. It will be Microsoft’s fifth Israeli acquisition this year and its 3rd Israeli cyber security company in the past 12 months. http://www.globes.co.il/en/article-microsoft-set-to-buy-israeli-co-secure-islands-for-150m-1001075232  

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Marketing intelligence is worth millions

US firm Gilbarco has bought Israeli marketing intelligence company Odysii Technologies for $30 – 40 million. Odysii’s Impulse platform informs customers of the retailer’s in-house promotions at the Point of Sale – thus potentially generating more business. http://www.globes.co.il/en/article-gilbarco-buys-israeli-co-odysii-for-40m-1001073548  

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$50 million funding for Cybereason

Japanese telecom conglomerate Softbank has invested $50 million in Israeli cybersecurity startup Cybereason. The firm’s software gathers usage data across a computer network to discover suspicious activity. http://fortune.com/2015/10/13/cybereason-softbank-raise/  

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NASA and Israel sign space cooperation agreement

NASA and the Israel Space Agency have signed an agreement to expand cooperation in civil space activities. NASA administrator Charles Bolden said the agreement would enable the US space agency to tap Israeli innovation and technology. http://www.timesofisrael.com/nasa-and-israel-sign-space-cooperation-agreement/  

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