Infinidat expands
Israel’s Infinidat is still growing. The data storage company (value $1.2 billion ) aims to compete with IT giant EMC and has quadrupled the size of its Boston US base. It is also expanding offices in Europe, South Africa, India, Japan, Australia and Canada.
Animating emails to increase business
US-Israeli PowerInbox merged with Israel’s ActivePath in 2012. It markets DynamicMail, which boosts the business of hundreds of its clients. PowerInbox saw a 2000% increase in revenue in 2015 and has now raised $6.5 million to expand its Israeli offices and enhance its product.
Transforming sand dunes into businesses and homes
250-acres of sand dunes in the Tel Aviv suburb of Rishon LeZion are to be developed into a 1.7 million sq. meter business center and 5,500 housing units. The Mayor of Rishon said that it will be the future business center of Israel.
Grapefruit exports to Asia up 300 percent
Israeli exports of red grapefruit this year to the Far East were 300 percent greater than they were just four years ago. In 2012 Israel sold 1,086 tons of red grapefruit to the region, compared to 4,000 tons so far this season – which is only halfway through.
Toying with VR
Israeli virtual reality (VR) tech firm WakingApp (see 20 Dec newsletter) is partnering with PPI Worldwide – that supplies novelty collectable toys to MacDonalds, Coca-Cola, Unilever and Nestlé. It will use WakingApp’s ENTiTi Creator to digitize its products and make “Happy Meals” even happier.
Israeli startup on Australian exchange
Israeli cybersecurity company Genome Technologies is floating on the Australian Securities Exchange. Genome’s predictive identity engine profiles each employee and determines possible cyber-attacks targeting specific employees.
Israeli bonds are sold out
Israel has just completed a successful issue of $1.5 billion worth of Government bonds. Demand for the 10-year and 30-year bonds was more than five times the amount issued. It shows the great trust in the Israeli economy throughout the world.
Nano Dimension launches on NASDAQ
Israel’s Nano Dimension, a leader in the area of 3D Printed Electronics, has listed on NASDAQ. The company aims to increase awareness within the U.S. investment community and expand its presence in the U.S. market.
20,000 houses for Ghana
Ghana’s State Housing Company has signed a contract with Israel’s IDM International to deliver 20,000 housing units in Ghana. The project will ease the massive housing problems facing Ghanaians.
Inneractive exits for $46 million
Israeli mobile ad startup Inneractive has been bought by German mobile ad technology platform RNTS Media for a minimum of $46 million. Inneractive’s platform currently serves over 630 million active users spanning 180 countries.