The Israel Innovation Authority (IIA) and the country’s Ministry of Labor and Employment are investing in programs to integrate more Bedouin and Ethiopian citizens into the high-tech sector. The Human Capital Fund will provide grants for requests of up to 1 million shekels for programs in the launch/seed stage and for requests of 1-15 million shekels for programs in […]
Author: Idan Nishlis
Software intelligence platform Dynatrace, which is traded on the NYSE with a market cap of approximately USD16 billion, is acquiring the Israeli start-up Rookout, which develops a developer-first observability platform. The addition of Rookout to the Dynatrace platform will help developers speed up the development process and release secure software versions. Pearl Cohen advised Rookout, […]
Israeli company, ZOOZ Power, which provides flywheel-based power boosting solutions for the electric vehicle charging infrastructure market, has agreed to a merger with a SPAC company, Keyarch Acquisition Corp., and then to be listed on Nasdaq. The transaction values ZOOZ Power at an agreed equity value of up to. USD100 million, which reflects USD60 million […]
Israeli fintech unicorn Rapyd is acquiring PayU Global Payment Organization (GPO) from Netherlands-based investment company Prosus for USD610 million. PayU is a provider of payment solutions for organizations and small and medium-sized businesses in developing markets, operating in over 30 countries around the world. Gornitzky advised Rapyd, with Shlomo Landress, Dan Fisher, Danya Sakols and Gabriela Zashin instrumental in […]
Listen to the recent Going Global, which, together with the International Division of the Federation of Israeli Chambers of Commerce (FICC), aims at promoting businesses between Israel and North America, and California specifically. Sharon Vanek, Director of California Israel Chamber of Commerce, discusses the recent surge of companies interested in what California has to offer, […]
An attempt to use the image of artist Frida Kahlo was rejected. The Trademark applicant is an Israeli company engaged in catering services, which operates a business in the city of Eilat called “Torta Loca” that sells Mexican food. The image of the famous artist Frida Kahlo appears in the applicant’s trademark. The opponent, represented […]
Sixty-eight percent of Israeli startups have begun taking active legal and financial steps to partially or fully move out of the country, believing that the state’s planned judicial reforms pose an economic risk, a new survey found. These steps include withdrawing cash reserves, changing the location of their headquarters to outside of Israel, relocating employees and even […]
Israel and Morocco will sign a memorandum of understanding to collaborate on sustainability projects at the UN Climate Change Conference (COP28) in Dubai later this year, according to the Environmental Protection Ministry. Read more in Jerusalem Post.
The agreement is expected to soon bring bilateral trade to USD 3 billion, the ministry said, after bilateral trade between the countries rose 18% last year to USD 2.2 billion. Vietnam’s largest exports to Israel include smartphones, footwear and seafood, while it imports electronics and fertilizers. Read more in the Jerusalem Post.
Albar Mimunit Services Ltd. has completed a successful bond issue, which raised approximately NIS 473 million. Albar is a business focused on car leasing, fleet operation and management for businesses and organizations. Goldfarb Gross Seligman advised the issuer, led by Gur Nabel, Head of the Capital Markets Practice, Corporate and Capital Markets Department, together with […]
