Israeli HR unicorn, HiBob is acquiring the British company Pento, which specializes in cloud-based payroll systems. While the companies did not disclose the exact value of the purchase, but it is estimated to be around USD 40 million in shares and cash, according to an article in Calcalist. Taylor Wessing acts for Hibob, which develops a […]
Author: Idan Nishlis
Israel is home to the operations of 430 multinational corporations (MNCs), which are the employers of 86,000 workers, and make up about 18% of the country’s high-tech force, according to a new report by Israel Advanced Technology Industries, which was presented at the recent annual IATI forum. While the absence of key personnel in the […]
With 160 global law firms having an Israel Desk, competition for inbound and outbound referrals has never been more robust. As we do every year, we asked heads of Israel Desks, from domestic and international law firms across the globe, to share their insights in order to see the current trends, when it comes to […]
Phoenix Insurance Company, for their agreement to invest an amount of up to NIS 700 million into Meshek Energy. This strategic investment will provide Meshek Energy with the capital needed as part of its bid to acquire the major Eshkol power station from the Israel Electric Corporation at a value of at least NIS 9 […]
C2i Genomics is a minimal residual disease (MRD) cancer detection company. The company’s whole-genome, artificial intelligence-powered approach generates broad signatures from blood more quickly and efficiently than bespoke panels. C2i Genomics MRD solution requires less than a tube of blood (as little as 3-4 ml blood, or 1-2 ml plasma), can go from sample to […]
Spearheaded by the Tsofen organization and supported by prominent hi-tech companies such as Intuit, Hailo, and Sanofi, the initiative aims to fortify the bonds between Jewish and Arab workers. In the midst of heightened tensions and unrest, a noteworthy campaign is underway that showcases the resilience of Jewish-Arab cooperation. Spearheaded by the Tsofen organization and supported […]
As we step into 2024, the Israeli biotech sector is at a pivotal moment, eagerly anticipating a shift after a challenging two-year period. “Despite their strong clinical data and established R&D programs, Israeli biotech companies are undervalued. Following two years of economic downturn, these companies now present attractive investment opportunities,” writes Dr. Tomer Bronshtein, VP […]
According to the Governmental Authority for Urban Renewal, stability in the urban renewal market has been maintained throughout the year, with notable advancements in the development of evacuation-construction complexes in peripheral cities. Read the latest analysis in the Jerusalem Post.
The Competition Authority has expressed official opposition to the planned NIS3 billion acquisition by Harel Insurance Investments and Financial Services (TASE: HARL) of credit card company Isracard (TASE: ISCD). The Authority has notified both companies that its recommendation to the Exemptions and Mergers Committee will be that the merger should not be allowed. The Capital […]
U.S. tech giant Google has announced its launch of a USD4 million fund to provide a lifeline to cash-strapped start-ups developing artificial intelligence technologies as they struggle for survival during the ongoing war with Hamas. The company is expected to allocate grants to about 20 start-ups active in the fields of AI solutions and services […]
