Israel’s Orbotech, a company that manufactures electronic and industrial products, has been bought by California semiconductor equipment maker KLA-Tencor Corp, according to a company statement on Monday. Source: NoCamels This gives Orbotech a valuation of $3.4 billion, making it one of the largest buyouts of an Israeli company as of late. The largest exit is the […]
Category: Top Stories
The Israel Trade Commission in Australia (ITC) has announced a busy program for the first half of 2018, not only in the key sectors of cyber security and fin-tech, but also emerging gems like bridal fashion. Source: Australian Jewish News The ITC will host a delegation of 12 Israeli companies participating in the 2018 Cyber […]
NBN Co and Speedcast select Gilat for business and enterprise satellite service in Australia. The deal is valued at tens of millions of dollars. Source: Gilat.com Petah Tikva, Israel, February 5, 2018 — Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions and services, announces that NBN Co and Speedcast have selected Gilat’s […]
Elbit has won a 5-year defence contract to provide support services for Australia’s battle management systems. Source: Times of Israel, reporting by Shoshanna Solomon Elbit Systems Ltd., Israel’s largest non-government-owned defense company, has won a $150 million deal with the Australian Department of Defence to provide support services to the Australian Defence Force for its […]
A company that cut its teeth developing Israel’s Iron Dome air defense system is now bringing its collective tools and skills sets to help the utility industry manage its complex and growing challenges. For mPrest, Australia is next in its sights. Source: Forbes Last month, mPrest – a self-described ‘global provider of mission-critical monitoring, big data […]
Startups have surpassed the $4.8 billion raised in 2016, which was itself a record. As reported in Globes: Israeli startups have raised over $5 billion in 2017, beating the previous year’s record of $4.8 billion. Startups raised a record $3.8 billion in the first nine months of 2017, IVC-ZAG reported. Israeli startups raised more than […]
Tikkun Olam Makers is a global non-partisan, non-profit movement that unites “need knowers” (people affected by disabilities) with volunteer “makers” such as industrial designers, engineers, hardware developers, coders, programmers, woodworkers and health professionals with the goal of developing assistive technology that addresses their specific needs. Founded by Arnon Zamir and Josh Gottesman of the Reut […]
This week, dignitaries and leaders from Australia and New Zealand gathered to commemorate the centennial victory at Beersheva by the ANZAC (Australian and New Zealand Army Corps) Light Horse Brigade on October 31, 1917. The Battle at Beersheva was one of the great victories in the World War I battle to loosen the Ottoman Empire’s hold on Israel, […]
Israel is at the forefront of the burgeoning industry of insurance technologies (InsurTech) – including machine learning, cyber-security, and big-data analytics. Source: NoCamels: With strengths in areas such as FinTech and cyber security, Israel has become a leading player in InsurTech. Of the 15 most funded InsurTech companies in 2017 globally, five are Israeli or have […]
Pharmaceutical company Gilead Sciences Inc. has announced that it will acquire Kite Pharma Inc., developer of personalized cancer treatment drugs, at a company value of $11.9 billion. Part of the technology was developed at the Weizmann Institute. As reported in Globes: This is one of the biggest ever acquisitions of a company whose products have not […]
