Israel Active

I reported previously on Skoda’s love affair with Israel including (in December) that it was working with five Israeli startups. Now Skoda’s Digilab has teamed up with 13 Israeli startups focusing on big data, AI, cybersecurity and vehicle sensors.

I reported previously when Israel’s Hype Sports Foundation encouraged new apps for the 2016 Olympics. With 40,000 members, HYPE Sports Innovation is the largest, global ecosystem in sports innovation. HYPE has just launched an accelerator for Blockchain tech startups.

Israeli IT cloud services and software company Samanage has been acquired by US IT management company SolarWinds Worldwide - service providers to more than 300,000 companies and organization. It is SolarWinds first Israeli acquisition. Samanage’s 2,000 customers include IKEA and 3M.

Israel’s Global Data Center has just doubled the capacity of its Herzliya facility. It is the computer backup site for many of Israel’s top companies, which can relocate quickly to the Herzliya data center in the (unlikely) event of a disaster affecting their own IT systems.

It’s good to see two Israeli IT companies getting together. Nasdaq and TASE-listed cybersecurity company Safe-T is to acquire Tel Aviv-based IP proxy network startup NetNut. The aim of the takeover is to “introduce opportunities in new markets and industries while increasing revenue and cash flow”.

I reported previously on Israel’s Carbyne and its emergency services apps. Now, Cisco Systems is partnering with Carbyne to deliver cloud-based technology for emergency dispatch centers. Carbyne’s technology will be offered as an integrated part of Cisco’s IoT data platform.

I reported previously that plans had been approved for Israel’s tallest building - a 100-storey skyscraper near Tel Aviv’s central railway station. It has already been superseded by the 120-storey (520 meter) high-rise Tower 120, just approved for construction in Tel Aviv’s Ramat Gan suburb.

Israeli energy company Delek Group has signed an agreement to acquire 22.45% interest in the Caesar Tonga oil field, one of the ten largest deep-water resources in the Gulf of Mexico. It gives Delek exploration, development, and production rights for oil and gas.

Fitch Ratings has affirmed Israel’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook. It highlights robust macroeconomic performance, solid institutional strength, low external debt, high financing flexibility and low government deficit.

This article highlights the surge in visitors to Israel, from 2.9 million in 2016 to 4.1 million last year. New airline services are announced almost weekly. E.g. El Al will soon add Las Vegas, San Francisco and Chicago to its direct routes from New York, Miami, Boston, Los Angeles and Toronto.