Perion grows by acquiring Grow Mobile
Israel’s Perion Network is to buy US company Grow Mobile for its mobile advertising platform. Perion’s advanced technology and solutions monetize the application or content of online publishers and app developers and expand their reach to larger audiences.
EZchip acquires Tilera
Another Israeli takeover of a US company. Israeli microchip maker EZchip Semiconductor is to buy USA’s Tilera Corporation for $130 million. Tilera develops high-performance multi-core processors and intelligent network interface cards. The purchase will double EZchip’s market.
The best-designed handbag of 2014
From over 1,500 applicants, the 2014 Bernina Best Handmade Handbag award went to Tel Aviv-based, two-woman design team, MeDusa. The Independent Handbag Designer Awards were founded in 2007 to celebrate handbag design and creativity from around the world.
Economy grows by 0
% in May. The Bank of Israel's Composite State of the Economy Index for May 2014 increased by 0.2 percent, indicating moderate growth similar to the growth rate that has characterized the economy over the past three years.
First oil shipment from Kurdistan goes to … Israel
Israel has a new Middle East ally – Kurdistan. The new breakaway region of Iraq delivered its first-ever tanker of Kurdish oil to the Israeli port of Ashkelon.
Why Israel’s tech ecosystem became a world leader
(Thanks to David F) Another analysis on why Tel Aviv has become such a magnet for start-ups. It includes interviews with Gilad Japhet of MyHeritage, Saul Singer (author of Start-up Nation) and Shimon Shocken (Dean of IDC’s Efi Arazi School of Computer Science).
Trendlines is Israel’s best incubator
(Thanks to Atid-EDI) Trendlines Medical received the Best Incubator award from Israel’s Office of the Chief Scientist. Two Trendlines portfolio companies received Best Start-Up of the Year - Advanced Mem-Tech (water filtration membranes) and MitrAssist (valve to treat faulty heart valve).
Dayton Ohio can mass-produce Israeli innovations
Israel signed a Memorandum of Understanding with the US State of Ohio to help boost the economic prospects of both. Dayton’s manufacturing strengths can complement Israel’s technological innovations, especially in the aerospace industry.
Israel exported $3 billion of cyber security products in 2013
The total exports of Israeli companies in 2013 amounted to around 5 percent of the computer security market – more than any country except the USA. In fact more than the combined exports of all those other countries.
The Chinese billionaire who supports Israel
(Thanks to NoCamels.com) Chinese entrepreneur Li Ka Shing is Asia’s richest person with assets worth nearly $32 billion. Of the 50 companies he has invested in, 20 are Israeli. He has also donated $130 million to Israel’s Technion.