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  • mayay 12:20 pm on August 7, 2014 Permalink
    Tags: firing, galaxyS5, israel, mobile health, ramat gan, , ,   

    Samsung Israel Fires 25 Employees At Ramat Gan R&D Center 

    Samsung Announces Israel IncubatorAugust 7, 2014 | Samsung Israel announced that it will let off 25 of its 250 employees at its Ramat Gan R&D center. The employees that were fired worked in the analog and ASIC sectors, while the R&D center is focusing on other areas, like mobile health. An example of Samsung’s new focus on mobile health is evident in the S5 Galaxy smartphone with the blood pressure and heart rate sensor. The Samsung R&D Israel is responsible for the development of images on Samsung smartphones.

     
  • mayay 12:06 pm on August 7, 2014 Permalink
    Tags: , , israel, , , , up from forecasts, website design,   

    Wix Outperforms Forecasts, Up 82.5 Percent Revenue In Q/2 2014 

    Wix Cancels Secondary OfferingAugust 7, 2014 | The Israeli internet company Wix outperformed financial analysts’ forecasts in the second financial quarter, with company revenue soaring 82.5 percent in comparison to the same quarter last year. The company finished the second quarter with $33.4 million in revenue, up 17.8 percent from the preceding quarter. Analysts assessed that Wix would make $31-32 million in revenue with collections totaling $39.9 million. Wix developed a platform that allows for the easy construction of websites aimed at small businesses with over 51 million users in 190 countries.

     
  • mayay 3:29 pm on August 6, 2014 Permalink
    Tags: $30 million, cloud-based software, , israel, ott, ott content revolution, , , , trellas, , ukraine, vidmind   

    Trellas Invests Over $30 Million In Vidmind Group 

    vidmind_logoAugust 6, 2014 | Trellas, one of Russia’s biggest independent retail groups, invested over $30 million in Vidmind, a cloud-based software suite and set-top box. Trellas has over 3,200 stores throughout Russia and the investment comes in an effort to become a global leader in the OTT (over-the-top) content revolution. TVzor, Trellas’ OTT Pay TV Service, uses Vidmind’s cloud-based, hybrid OTT/DTT platform as the foundation for a new primary TV service in Russia. “Our goal is to lead the TV revolution by ‘going virtual’ – that is to say, leveraging the open Internet and free-to-air TV to provide a primary TV service,” said Maxim Nogotkov, founder and majority shareholder of Trellas. Vidmind is an Israel-based company with offices in Tel Aviv and Lviv, Ukraine. The company itself is a subsidiary of Trellas as the later was an initial investor when Vidmind was founded in 2012.

     
  • mayay 1:27 pm on August 6, 2014 Permalink
    Tags: bna analysis system, brain activity analysis, brain function, eiminda, , food and drug administration approval, israel, ronen gadot,   

    EIMindA’s BNA Analysis System Receives FDA Approval 

    EIMindAAugust 6, 2014 | Israeli brain research company EIMindA announced that the United States Food & Drug Administration (FDA) has cleared the company’s BNA Analysis System for the assessment of brain function. The Brain Network Activity combines non-invasive, multi-channel EEG technology with signal processing and analysis algorithms to assess brain activity during certain processes. The system is then able to take the data it collects and provide both quantitative and qualitative insights into brain functionality. “Greater understanding of how our brain processes information, how it gets its job done, ultimately holds the potential to improve brain health and disease management over a person’s lifetime,” said Ronen Gadot, CEO of EIMindA. EIMindA was founded in 2006 to address an unmet need in the accurate, objective diagnosis and treatment of brain-related disorders through a data-driven approach.

     
  • mayay 12:40 pm on August 5, 2014 Permalink
    Tags: 76 percent, 76 percent increase in revenue, israel, jazz, profits, , revenues, second financial quarter, , , ,   

    Tower Semiconductor Reports 76 Percent Revenue Increase In Q/2 

    TowerJazzlogoAugust 5, 2014 | Israeli company Tower Semiconductor published its results for the second financial quarter, noting a revenue of $234 million, up 76 percent from the previous quarter and 87 percent more than the corresponding quarter in 2013. On a non-GAAP basis, Tower made a profit of $31 million, with both the revenue and the profits beating the consensus analysts’ estimates. Founded in 1993, Tower Semiconductor and its US subsidiary Jazz Semiconductor manufactures semiconductors and integrated circuits for the electronics industry and is publicly traded on NASDAQ and TA-100.

     
  • mayay 12:09 pm on August 5, 2014 Permalink
    Tags: advertisement optimization, , israel, , perfect market, publisher monetization, , , ,   

    Taboola Acquires Ad Optimizer Perfect Market, Lauches Taboola-X 

    Taboola To Cooperate With AOLAugust 5, 2014 | The Israeli content discovery platform Taboola announced that it will acquire US company Perfect Market in order to broaden the company’s portfolio and its products. Perfect Market allow content providers to increase their revenue by optimizing the text advertisements that appear on websites. Taboola hopes to use Perfect Market’s tools to offer their customers an additional service, Taboola-X, that will bring in extra revenue for publishers. This is Taboola’s first acquisition of a company, occurring after the company reported $250 million in revenue. The company has yet to disclose the financial details of the sale, but according to reports, Perfect Market has raised up to $30 million to date, which leads to estimates that Taboola paid tens of millions of dollars for the company.

     
  • mayay 3:33 pm on August 4, 2014 Permalink
    Tags: $7 million, aesthetic, , endymed, , israel, medical equipment, ohmk,   

    Medical Equipment Manufacturer EndyMed Raises $7M From Chinese Distributor 

    endymed_logoAugust 4, 2014 | EndyMed, an Israeli medical equipment developer creating equipment based on radio frequency technologies, signed an agreement with Chinese company OHMK Medical Technology for $7 million. OHMK will acquire 47.93 million EndyMed shares, giving OHMK a 37.21 percent stake in the company. OHMK markets EndyMed’s products EndyMed Glow and EndyMed Pro in China. Founded in 2007, EndyMed is a medical technology company specializing in the design, development and sale of energy based aesthetic treatments. The company’s products have been approved by the Food & Drug Administration in the United States and China.

     
  • mayay 12:47 pm on August 4, 2014 Permalink
    Tags: 250 million euros, 3D software, , , france, israel, quintiq, software optimization, , the netherlands   

    Dassault Systèmes To Acquire Quintiq For $335.7M (EUR 250M) 

    dassaultsystemsAugust 4, 2014 | Dassault Systèmes, a world leader in 3D software design, announced that the company will acquire Quintiq, a supply chain planning and software optimization company, for $335.7 million (EUR 250 million). Quintiq is a company with more than 800 employees specializing in production, logistics and workforce applications. Their software is used in more than 90 countries by 250 customers and 1,000 sites. Quintiq, headquartered in the Netherlands, will extend Dassault Systèmes’ 3DEXPERIENCE platform to business operations planning, enabling the latter company’s long-term goal of harmonizing product, nature and life. Dassault Systèmes is a French software company specializing in the production of 3D software, with offices in Israel.

     
  • mayay 1:02 pm on July 31, 2014 Permalink
    Tags: , , fimi opportunity fund, israel, ki corporation, magal security systems, physical security, , , ,   

    FIMI Opportunity Fund Acquires 40 Percent Of Magal Security Systems Shares 

    magal_security_sytsems_logoJuly 31, 2014 | Magal Security Systems, a solutions provider for physical and cyber security, announced that FIMI Opportunity Fund, the leading private equity fund in Israel, will by 40 percent of the company’s shares from Ki Corporation. FIMI will purchase the shares from the Ki Corporation at a price of $3.50 per share, as well as paying certain additions according to conditions, making FIMI the largest shareholder of Magal. Chairman of Magal Barry Stiefel commented on the acquisition: “FIMI’s investment represents a vote of confidence in Magal by one of the leading private equity funds in the world. We welcome FIMI as Magal’s controlling shareholder and look forward to leveraging FIMI’s expertise and experience in growing the business.” FIMI is Israel’s leading private equity fund with over $2 billion in invested capital. Magal has been around for over 42 years, providing physical and cyber security solutions to companies, governments and private entities in over 80 countries.

     
  • mayay 1:42 pm on July 30, 2014 Permalink
    Tags: cloud-based solutions, , diabetes management, , , israel, italy, labstyle, ministry of health, new zealand, smarthpones, ,   

    LabStyle’s Dario Nabs Ministry Of Health Approval In Israel 

    LabStyle Innovations Raise $4.19M In Private PlacementJuly 30, 2014 | Israeli company LabStyle received approval from Israel’s Ministry of Health for its Dario smart meter for diabetes. Dario was launched in late March of this year in the United Kingdom, Italy and New Zealand and has already filed an application for US Food & Drug Administration approval. According to LabStyle, the company hopes to expand the marketing of Dario to six more territories by the end of 2014. LabStyle’s Dario is a cloud-based diabetes management solution, allowing diabetics to monitor their blood sugar and other aspects of the disease from their mobile devices or smartphones.

     
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