Israel’s education ministry approves kindergarten enrichment program, teaching entrepreneurial skills; Asia wants Israeli financial technology; Israeli startup uses “TravelTech” to offer its clientele an innovative and hassle-free vacation experience; and much more!
By Michael Ordman
ECONOMY & BUSINESS
Israel’s Ministry of Education has approved an enrichment program called Entrepreneurship for Kids (EFK). Developed by Israeli serial entrepreneur Galit Zamler, EFK is a fun way to introduce children of all ages to entrepreneurial skills, while finding and fostering their personal strengths.
Asia wants Israeli finance technology
Israeli companies are benefiting from the increasing demand in Asia for financial technology. Israeli exhibitors at the Hong Kong FinTech Week conference included AU10TIX (see here), and ThetaRay (see here).
Get your vacation off to a sweet start
Israeli startup Sweet Inn uses “TravelTech” to offer its clientele an innovative and hassle-free vacation experience. It offers guests airport transfer, grocery and breakfast delivery, a personal chef, romantic surprises, housekeeping, wifi hotspots and more.
Symantec buys another Israeli cyber company
US cybersecurity giant Symantec Corp has made its third Israeli cybersecurity acquisition in a year, adding Javelin Networks to its recent purchases of Israel’s Skycure ($275 million) and Fireglass ($250 million). Javelin now plans to double the size of its R&D center in Tel Aviv.
Water and jobs for America
Israel’s WaterGen has opened a factory in Columbia, South Carolina that will employ 400 people building its “water from the air” machines. WaterGen plans to open 3 more factories in the next 2 years. WaterGen’s Yehuda Kaploun revealed even more on Fox Business News.
A better image
UK image products giant Vitec Group has acquired its Israeli chipmaker supplier Amimon in a $55 million cash deal. Vitec’s CEO said, “Amimon is the technology of choice for wireless equipment used in the cine market” and Vitec will integrate the company into its creative solutions division.
Huge acquisition by Israeli security company
In contrast to recent big takeovers of Israeli companies, Israeli cybersecurity company ForeScout has just bought US-Netherlands security company SecurityMatters for $113 million. SecurityMatters provides extended enterprise operational technology (OT) network protection.
Deep learning tech for Hyundai
Hyundai Motors has made a strategic investment in Israeli computer vision deep learning startup allegro.ai that will allow more rapid deployment of Artificial Intelligent technology in many business areas and improve the quality of Hyundai’s products.
Repair the past, connect the future
Israel’s Krausz Industries have been connecting and repairing water pipes for about 90 years with millions of installations globally. Krausz has just been acquired by Atlanta’s Mueller Water Products for $140 million.
WeWork is worth $42 billion
I’ve reported previously (see here) on co-working office space company WeWork, co-founded by Israel’s Adam Neumann. WeWork has just received a $3 billion investment from SoftBank which takes the value of WeWork to a massive $42 billion (up from $20 billion in June).
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Source: United with Israel