Author: David Rutman

Valmont to Acquire Israeli Ag Tech Firm Prospera Technologies for $300 Million Valmont Industries, Inc. (NYSE: VMI), a global provider of engineered products and services for infrastructure and irrigation equipment and services for agriculture, has entered into a definitive agreement to acquire Israeli ag tech company Prospera Technologies Inc., a privately-held Israeli-based AI company, focused […]

Wix Acquires Israeli Internet Greeting Card Startup Rise.ai The price was not disclosed. Wix eCommerce Israel’s highly successful do it yourself website hosting service Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, has just acquired Israeli startup Rise.ai, the gift card and customer re-engagement solution for online […]

Israeli startup Umoove Helps Clear Distressed Minds In A Blink Of An Eye MindReset app currently includes treatments for depression, anxiety, chronic stress, trauma, chronic fatigue, and insomnia  Umoove, a mobile software technology company based in Israel, has announced the release of MindReset, an app that will help users clear their minds through very fast, […]

Bank Leumi Might Sell Leumi USA It may also have it go public. Israel’s Bank Leumi is considering unloading its American division Leumi USA. The sale could be for as much as $1 billion, according a report in Bloomberg which cited people close to the matter. According to the report, the Israeli bank which is […]

Israel Cybersecurity Co White-Hat Bought Out by EPAM for $50 Million Cybersecurity firms are hot these days. White-Hat, an Israeli cybersecurity startup, has been acquired by EPAM Services Inc., an American digital platform engineering company. While the purchase price was not officially disclosed, Globes has cited sources as saying that it was around $50 million. […]

Barstool’s Dave Portnoy Gets Apology from Mass Mag But not one to him. Its about him. Dave Portnoy, who operates Barstool Sports, is in a feud with Nantucket Magazine. He is angry about a cover story the magazine published about him in its May issue. Well, to be more accurate, Portnoy is angry that the […]

HoneyBook Hits Unicorn Status Helping Freelancers Manage Small Businesses The company is now worth $1.1 billion. HoneyBook Founders (Company PR Kit) Israeli startup HoneyBook which offers a platform for the financial management of small businesses and for self-employed people has hit unicorn status with a valuation of $1.1 billion. The company reached this milestone when […]

Payoneer Teams with eBay on International Payments Payoneer made the deal as it looks to a $3.3 billion IPO. Scott Galit CEO Payoneer Israel’s Payoneer Inc., a global payment and commerce-enabling platform is now collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. With the […]

Nir Zuk On Setting Up New Digital Bank In Israel He founded cybersecurity behemoth Palo Alto Networks. Nir Zuk (YouTube Screen Shot) Palo Alto Networks founder Nir Zuk has a new fintech  project in the works. Multiple reports citing insiders say that he intends to open a new digital bank in Israel with former Israel […]

Israeli consulting group Tefen closing mega infrastructure project in Dubai worth $200 million Mally Bitzur-Parnes, CEO and Partner at Tefen / Photo credit Anat Kazula, PR Starting in August, Israeli consulting group Tefen is expected to build a smart industrial zone in Dubai, as PMO. The mega project is a collaboration between the Ministry of […]