Another Israeli medical device company is snapped up
International medical device maker Covidien has bought Jerusalem-based Oridion. Oridion makes devices designed to measure concentrations of carbon dioxide in patients to help assess how well they are breathing. Last month Covidien bought Israel’s SuperDimension.
Israel’s first billion-dollar Internet company
Israel’s Conduit Holdings was formally valued at $1.4 billion following JP Morgan’s purchase of a $100 million stake. Conduit made $200 million profit in 2011 thanks to revenue from its toolbars, used by 250 million users on 200,000 websites.
UK & Israeli partnerships
A joint UK-Israel “tech council” has been set-up to encourage Israeli entrepreneurs to connect with their UK equivalents in order to boost technology exports from both countries to foreign markets.
China and Israel – “a winning combination”
Israel's cabinet on Sunday moved to bolster bilateral trade ties with China by voting to support joint industrial research and development projects between the two countries.
Israel targets Peru
The Andean country has announced it will auction concessions for infrastructure projects totalling nearly $10.4 billion, according to Israel's ambassador in Lima, Modi Ephraim. Israeli entrepreneurs “would be keen to participate in the energy, agriculture, communications, medical equipment sectors. In general, everything related to technology.” Israel has around $1 billion of projects invested in Peru currently.
Satellite network for Mexico
Israel’s Gilat Satellite Networks will supply its Sky Edge II VSAT satellite network to Grupo Televisa SAB, Mexico's largest commercial television broadcaster to provide remote access and local content distribution nationwide.
From IDF to entrepreneur
From army, to start-up. After five years of service in an elite intelligence unit, Raphael Ouzan went on to found BillGuard - essentially, antivirus for your credit card. BillGuard’s unique algorithm scans forums, social networks and websites, and analyses transactions for “suspicious” behaviour.
Even easier from the UK
EasyJet has announced that it will commence a second flight on Mondays and Thursdays between Tel Aviv and Luton starting in November. Customers can book these flights on-line now.
The hottest cars have arrived
A Tel Aviv showroom has opened, selling Ferrari and Maserati cars.
Venture Capital indicators are all green
Investors are positive about Israel prospects in 2012.