MyHeritage buys Genie
In the biggest genealogy takeover in history, Israel’s MyHeritage.com has bought Genie.com into the family business. MyHeritage now covers 72 million registered users — about 8 million of which came from Geni.com — 1.5 billion profiles and 27 million family trees. A good business relationship.
650 million for Israeli software company
Global ATM maker NCR Corp. is buying Israel’s Retalix Ltd. for $650 million in a bid to expand its footprint in the retail sector. Retalix provides software and services to retailers, including supermarkets, convenience stores, department stores and fuel stations.
Security on the Internet
(Thanks to Israel21c) Ben-Gurion University is developing Israel's first ever cyber security incubator in Beer-Sheva under the Israeli Office of the Chief Scientist’s Incubator Program and in partnership with Israeli venture capital firm Jerusalem Venture Partners (JVP).
EU OK’s Teva P&G joint venture
The European Commission has approved the joint venture between Teva and Procter & Gamble for their over-the-counter (OTC) medicines business.
Another gas discovery
A new natural gas deposit has been found close to Israel’s 282 billion cubic meter Tamar gas reservoir. Tamar South West is expected to contain 19 billion cubic meters of gas.
Israel’s economy is still growing
The Bank of Israel's Composite State-of-the-Economy Index for October 2012 increased by 0.1 percent from its September level. The Gaza conflict did little long-term damage to the economy. Residents and businesses impacted within 40km of Gaza and those directly hit will be compensated.
Orbit soars on satellite contract
Israel’s Orbit Technologies announced a $150 million contract for hundreds of its Ka-Band communications systems with one of the world's largest satellite ventures, a consortium of carriers, which provide satellite high-speed broadband communications to billions of peoples.
Confidence in New Tech
The government of Israel is to continue to support Israel’s water sector through the pioneering Israel NewTech program, which has been extended until 2014. When Israel NewTech began its activity in 2006 Israel’s water exports stood at about $700 million. In 2011 water exports reached $2 billion.
Internet for Mozambique
Israel’s Ceragon Networks has received $6.5 million worth of follow-on orders from Mozambique Cellular to expand the carrier's microwave network, providing the only broadband connection available to millions of Mozambicans.
Services to Aus and NZ
Israel’s International Software Solutions specialist Retalix will provide system support for more than 3,000 Woolworths locations and 25,000 point-of-sale (POS) terminals, serving more than 24 million customers every week across Australia and New Zealand.