CTech's Monday Roundup of Israeli Tech News
Exits for privately-held Israeli tech companies were down 33% in 2018. CyberArk sees opportunity in small and medium businesses
Exits for privately-held Israeli tech companies were down 33% in 2018. The accumulated value of private merger and acquisition deals and IPOs in Israel in 2018 has gone down 33% compared with the previous year, according to a report published by accounting firm PwC Israel. Read more
Interview | CyberArk sees opportunity in small and medium businesses. While big cloud vendors invest in cybersecurity, they pass the responsibility of keeping the data safe to customers, said Cyberarks CEO Udi Mokady. Read more
CyberArk founder and CEO Udi Mokady. Photo: Amit Sha'al
Demand for tech workers in Israel down in 2018, according to a new report. A new report by Israel-based human resource management firm Ethosia lists declining markets and the looming China-U.S. trade war as the reason for a 6% drop in the number of new jobs. Read more
Forecasts 2019 | Israeli opposition head blasts Putin over Syria arms deals. Russia’s state news agency TASS reported in October that Moscow provided S-300 air defense systems to Syria’s military free of charge. Netanyahu called the move “irresponsible.” Read more
Pending a hearing, Israel might indict model Bar Rafaeli for tax evasion. Rafaeli allegedly reported she was living abroad at a time when she was actually living in Israel to avoid paying taxes on foreign income. Read more
Yango to award drivers in Israel with $530 bonus for working on New Year’s Eve. Though not an official holiday in Israel, New Year’s Eve is widely celebrated in parties while the country’s Russian-speaking population celebrates “Novy God.” Read more
Tech support company Soluto announces talent buy of Tel Aviv design company Pumika. Soluto is the Tel Aviv arm of U.S. mobile insurance and technology company Asurion. Read more
Israel’s Olympic committee and the Technion open joint research center. The center’s first project will research windsurfing, a sport in which Israeli athletes regularly bring home international medals. Read more
Israeli businessman Aaron Frenkel takes 13% stake in troubled drone maker Aeronautics. The Israeli company closed 25.4% up on Tel Aviv after reporting the news Sunday. On Monday, Israel Securities Authority agents raided the company's offices in connection with an investigation that has been ongoing since September 2017. Read more
Tel Aviv greenlights long-awaited construction project in the city’s largest plaza. Surrounded by posh fashion boutiques but suffering from years of neglect Kikar Hamedina is Tel Aviv’s largest plaza and one of its most expensive eyesores. Read more
Israeli price comparison company Zap to appoint Telecom veteran as CEO. Two months after current CEO Ilan Zachi handed in his resignation following a failed IPO attempt, Zap is in the final stages of appointing Rami Hazan as CEO, people familiar with the matter said. Read more
