Once valued at USD47 billion and seen as the future of the workplace, WeWork has emerged from bankruptcy protection in the U.S. WeWork’s chapter 11 plan was confirmed by the bankruptcy court for the District of New Jersey following a hearing held on May 30, 2024, before WeWork emerged from Chapter 11 on June 11, […]
Author: Idan Nishlis
Leading U.S. cybersecurity company Tenable has bought the Israeli startup Eureka Security. Founded by industry veterans Liat Hayun and Asaf Weiss, Eureka specializes in Data Security Posture Management (DSPM), helping organizations secure their data across multi-cloud environments. This acquisition will enhance Tenable’s capabilities, providing its customers with even better cloud risk management. Arnon, Tadmor Levy […]
Gilat Satellite Networks has entered into a definitive agreement to acquire STELLAR BLU Solutions, a U.S.-based leading avionics solution provider of next-generation SATCOM terminal solutions, for up to USD245 million. Gilat offers In-Flight Connectivity (IFC) solutions like modems and amplifiers, while Stellar Blu developed electronically steered antennas, making them complementary in the IFC market. Naschitz […]
Leonardo Hotels has agreed to buy Zien Group and 12 hotels in the Netherlands from affiliates of KSL Capital Partners and its partner Garden Capital Group. The acquisition will expand Leonardo Hotels’ portfolio to 28 hotels in the Benelux region. Founded in 2006, Leonardo is the European arm of the Fattal Hotel Group, Israel’s largest […]
Five of the seven non-American universities whose graduates have the best chances of founding a unicorn in the United States are Israeli. The Technion – Israel Institute of Technology ranks first, with Reichman University surprising in second place. This is according to a study by Prof. Ilya Strebulaev, Finance Professor at Stanford and Founder and […]
The patent dispute between Wiz and Orca has intensified as Wiz rejects claims that it has infringed on any of Orca’s patents. Wiz has hit back, offering a counter-narrative highlighting its own technological advancements and market success. Read more of this unfolding saga between the two cybersecurity firms in Calcalist.
Discount Investment Corporation will sell its 35.7% stake in telecoms giant Cellcom to the Fortissimo Fund for NIS 925 million, reflecting a value of NIS 2.6 billion. Arnon, Tadmor Levy advised Discount Investment, with the sale led by Shiri Shaham, Shai Margalit and Or Pearl. Having been signed in December 2023, the regulatory approvals were […]
Israeli smart glass company Gauzy raised USD75 million in an IPO, valuing the company at a reduced USD244 million before the money and USD319 million afterwards, according to a report in Calcalist. Founded in 2010, Gauzy has developed smart glass allowing for the control of the shading level of the glass in vehicles or buildings. […]
With the interest and benefits of DEI increasingly clear, this PrideMonth, we wanted to shine a light on LGBTQ+ rights and the law – the changes and the impact. We start with this infographic showing that the progress of LGBTQ+ rights has been a transformative journey for individuals and the societies where they live. But […]
Investments, mergers and acquisitions, and salaries are rising despite the war but industry experts warn that the latest recovery may not be sustainable. Read more in Globes. Meanwhile, in the first five months of 2024, Israeli privately-held tech companies have raised USD4.1 billion, according to Globes.
