Sweden’s Evolution Gaming Group confirmed plans to buy Amsterdam-based iGaming technology firm Arcadia Gaming Solutions (AGS). The deal, subject to final conditions, is expected to close by year-end 2024. Evolution will pay an upfront cash sum of €2.5 million, followed by an additional performance-based earn-out in 2027. Founded in 2019 and managed by Arion Labs, […]
Author: Idan Nishlis
The Israel Innovation Authority has released a report assessing the state of the Israeli tech industry one year after the Swords of Iron war. The report highlights the industry’s critical role in the economy, with high-tech contributing over half of Israel’s exports, a fifth of its GDP, and a quarter of state revenues from income […]
Israel’s Communications Ministry has announced plans to open the cellular infrastructure market to new players, aiming to boost competition and enhance 5G support. The decision, pending a hearing, will allow entrepreneurs to operate cellular infrastructure using frequencies already allocated to existing companies. Currently, three networks operate in Israel—Pelephone, Cellcom and Wecom, and Partner and Hot […]
While regulatory challenges may impede the merger, its potential impact on Israel’s technological ecosystem warrants attention. Historically, Israel has fostered a diverse startup environment rather than concentrating on creating large corporations, a strategy that has fueled innovation across various sectors. However, with rapid advancements in AI and generative technologies transforming software development, Israel’s traditional focus […]
Digital market intelligence company Similarweb Ltd. has completed a secondary offering, raising USD 27.4 million before deducting underwriting discounts and offering expenses. Founded in 2007, Similarweb is an Israeli-based digital intelligence company that provides data and analytics on website traffic, app usage, and market trends. It went public on the NYSE in May 2021. Latham […]
Airport City has completed an offering of a new bond series, raising NIS 400 million (following impressive demands totaling NIS 835 million from Institutional Investors). The new series is top-rated by S&P Global Ratings. Airport City is a large business and industrial park near Ben Gurion Airport, serving as a hub for multinational companies and […]
The Israeli Electric Company Ltd. (IEC) has completed an offering, raising NIS 3.4 billion through a public debt offering that enjoyed high demand of over NIS 4 billion under challenging market conditions. Expanding two bond series, 34 and 35, this was one of the largest bond issuances of a non-bank entity in the last year […]
Salesforce continues its acquisition streak, announcing plans to acquire Zoomin, an enterprise knowledge platform. Zoomin consolidates company documents, such as user guides and tutorials, into a single portal. While the financial details were not disclosed, Salesforce anticipates the deal will close in Q4 of its fiscal year 2025, pending customary approvals. Founded in 2019 by […]
Bel Fuse Inc. has signed a definitive agreement to acquire a majority stake in Netanya-headquartered Enercon Technologies, Ltd. from Israeli private equity firm Fortissimo Capital, based on an enterprise value of USD 400 million. Enercon is a leading provider of power conversion and networking solutions for aerospace and defense applications. Enercon has manufacturing facilities in […]
Despite over 200 objections, the Jerusalem District Planning and Building Committee has approved a 42-floor tower near Mount Herzl, according to sources cited by Globes. The tower will be located in the Epstein complex, overlooking the Yad Vashem Holocaust memorial and the Mount Herzl military cemetery, sparking criticism from those who feel the project disrespects […]
