Israel Active

The purchase of Israel’s Panaya by India’s Infosys is just the beginning. When Israeli startups engage with Indian companies it gives cutting-edge technology for Indian companies and wider market access for products developed by Israeli firms. So it’s a win-win situation.

After only 5 years, Israeli startup IronSource’s latest round of funding values the app delivery company at over $1billion. Every day IronSource’s software installs over 7 million applications onto desktops and mobiles.

Apple’s CEO Tim Cook opened Apple’s new offices in Herzliya. He also met Israeli President Reuven Rivlin. Alongside Cook for the trip was Johny Srugi, Apple’s Vice President of Hardware Technologies - a graduate of Technion, Israel’s Institute of Technology.

The Israeli business school Lahav Executive Education is part of the Recanati Business School at Tel Aviv University. Lahav offers its international students some of “the secrets behind ‘Jewish genius’ and Israeli success” as a pre-eminent “start-up nation”.

(M) Take a look inside Apple’s new offices for its 800 employees in Herzliya.  Apple’s CEO Tim Cook is scheduled to open the offices this week.

(M) India’s giant IT company Infosys is acquiring Israel’s Panaya Inc for $200 million in cash.  Panaya was among the top 100 global tech start-ups in 2009.  It provides automation technology for companies such as Mercedes Benz, Sony and Unilever.

(M) Rhode Island has followed the path set by its New England neighbor Massachusetts and developed strong business relationships with the Startup Nation.  Latest joint projects include R-I Hospital with Israel’s Timocco and Crawford HPC with Israel’s Softwheel.

(M) Sorry - I missed this originally. On 17 Nov 2014 a delegation of CEOs/CFOs from Israeli companies on the London Stock Exchange.  

(M) 15 Israeli financial technologies startups will showcase their innovation to UK finance leaders in London on March 2-5.  The 15 won their places in the 2015 TeXchange Fintech challenge, organized by the UK Israel Tech Hub at the British Embassy in Israel.

Israeli demand for new cars is a key indicator of economic optimism.  So the 23% rise in deliveries in Jan 2015 compared to Jan 2014 (itself a record month) was significant.