US-based multinational technology conglomerate Cisco Systems has announced its acquisition of Israeli start-up Lightspin, a cloud security platform company, for an estimated $200 million. CEO Vladi Sandler and CTO Or Azarzar, the founders of the Israeli company, both...
Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...
ZIM Integrated Shipping Services (NYSE: ZIM), the Israeli shipping company, reported an outstanding year in 2022. Under the management of Eli Glickman, the company reported a 17% growth in revenue to $12.56 billion and came very close to the record profits it recorded...
Shemen Industries (TLV: SMNIN), a company that has been in operation for over 100 years, recently changed its business focus. The company, which was previously known for producing edible oils under the brands "Olive Tree" and "Milomor," has now turned its attention to...
El Al Israel Airlines (TLV: ELAL), Israel's national carrier, reported a profit in 2022 after a two-year loss of nearly $1 billion. Following the pandemic, which resulted in organizational restructuring and new ownership, the airline ended 2022 with a $109 million net...
Despite concerns about changes in Israel's legal system affecting the high-tech industry, Israeli cyber company Axis Security has been acquired by American computing giant HPE for half a billion dollars. Founded in 2018 by veterans of Unit 8200, Dor Knafo and Gil...
Check Point (Nasdaq: CHKP), one of the largest Israeli cyber security companies, has delivered strong Q4 and yearly results. Despite the current business environment, the company outperformed the market on both key metrics - revenue and operating profit. Check Point's...
Enlight Renewable Energy (Nasdaq: ENLT) made its debut on the US market on Friday, giving the company a market cap of $2.07 billion. This is the first IPO of an Israeli company in 2023. The company has completed the pricing of its Nasdaq IPO, which will raise $252...
Mobileye (Nasdaq: MBLY), the company that develops advanced driver assistance systems (ADAS) and solutions for autonomous vehicles, has doubled in value in just over three months since its return to the Nasdaq last year. On October 25, 2022, the Israeli firm...
The world's largest hedge fund, Bridgewater Associates, has announced the appointment of Karen Karniol-Tambour as its co-chief investment officer. In a field that is still predominately dominated by men, she will be Bridgewater's first female CIO. Karniol-Tambor grew...