CTech’s Sunday Roundup of Israeli Tech News

Permira to appoint Cisco executive as CEO of its new video company. From “Moran Systems” to SnatchBot: common startup name mistakes by non-natives

Permira to appoint Cisco executive as CEO of its new video company. Permira sold Jerusalem-based NDS to Cisco for $5 billion in 2012. In May, Permira announced it will buy NDS Group and other video assets from Cisco. Yves Padrines, who will assume his position once the acquisition goes through, is Cisco’s vice president of global service provider for Europe, the Middle East, Africa and Russia. Between 2004 and 2012, he also held senior roles at NDS. Read more 

NDS offices in Jerusalem. Photo: Noam Moskowitz

 

 

From “Moran Systems” to SnatchBot: common startup name mistakes by non-natives. Picking the right name for a startup can be hard. It can be even harder for non-native English speakers. The Israeli startup scene supplies ample examples. Read more

 

Gett raises $80 million at $1.4-billion valuation. The Israel-based taxi-app company says it aims to become profitable by the beginning of next year. Read more 

 

Israeli research university aims to raise $1.8 billion by 2024. The global donation campaign by the Technion, an engineering and science university located in Israel’s port town Haifa, was launched in 2014 to prepare the university for the fourth industrial revolution. Read more 

 

Verint rises on earnings, CEO declines to comment on NSO deal. In a Thursday earnings call, Verint CEO Dan Bodner dodged questions about a potential merger with Israeli spyware firm NSO Group. Read more

 

Israeli tech salaries average up 2.2% in 2017. Despite growth in other sectors, employee compensation in the country’s thriving tech sector far outpaces other verticals. Read more

 

Michael Phelps teams with online mental health startup Talkspace. Talkspace is a web and mobile app offering users mental treatment given by licensed therapists through text messages or recorded voice and video messages. Read more

 

Tel Aviv pride parade draws record crowd. Last week, the Israeli parliament rejected a proposal to allow same-sex marriage in the country. Read more