Israel Active

International data center solutions giant EdgeConneX has acquired Israel’s Global Data Center (GDC – see previously) for an estimated $300 – $400 million (approximately NIS 1 million). GDC has only 20 employees and operates only in Israel. This may soon change.

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Israeli cloud server monitoring startup Epsagon (see previously) has been taken over by US giant Cisco for $500,000. It is Cisco's second-largest acquisition of an Israeli company, following the purchase of NDS for $5 billion in 2012.

Jared Kushner is reported to be in the final stage of launching an investment firm, Affinity Partners, based in Miami. He is also looking to open an office in Israel to pursue regional investments connecting Israel's economy with those of India, North Africa and the Gulf.

Boutique airline La Compagnie is launching a business-class-only service to New York via Paris.  All 76 seats on the plane are Business Class.  The service will commence on 5th Sept – if the pandemic situation allows for it.

Sales at Israel Aerospace Industries (IAI) during the first half of 2021 rose by 22% to a record $2.2 billion. IAI employs around 15,000 people and is responsible for the Beresheet lunar lander, the Ofek 16 satellite and the Arrow 3 defense system. It has also won four Israel Security awards.

Israel’s government has partnered the American Communities Helping Israel (ACHI) organization to sell Israeli products in the US and Canada. Israeli businesses can join the scheme, under the slogan “Think Israel – Buy Israeli”, if they have a permit to mark products “Made in Israel”.

In the same week that Azerbaijan opened its first Israel trade office, Azerbaijan Investment Company (AIC) signed an agreement with Israel’s OurCrowd. In the first stage, AIC will invest in 10-15 startups from the OurCrowd portfolio, focusing on energy, health, agtech, foodtech, education and more.

Israel’s CropX (see previously) has acquired Dutch-based Dacom Farm Intelligence to add its crop protection capabilities to CropX’s active irrigation technology, hardware-based soil data and fertilizer management features. Dacom has 3,000 agricultural clients managing 20,000+ farms in 40 countries.

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