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Business & Finance

Israeli work management firm monday.com raises $150M
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Israeli work management firm monday.com raises $150M

by Reuters and Israel Hayom Staff

Launched in 2014 with offices in Tel Aviv and New York, monday.com is a centralized hub for all work processes ranging from project management to tracking tasks, projecting sales and event coordination. In the last year, the company has tripled its revenue and doubled its customer base.

Leviathan partners considering LNG facility offshore Israel
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Leviathan partners considering LNG facility offshore Israel

by Reuters and Israel Hayom Staff

Discovered in 2010 west of Haifa Leviathan is one of the world's largest offshore discovery of the past decade. Delek Group and Noble Energy ink agreements with Golar LNG and Exmar NV to receive plans for a floating liquefied natural gas facility so as to facilitate exports.

Israel's Wix.com lifts 2019 revenue outlook as Q-2 profit rises

Israel's Wix.com lifts 2019 revenue outlook as Q-2 profit rises

by Reuters and Israel Hayom Staff

Cloud-based web development platform reports higher than expected profit amid solid sales growth from a host of new products. Second-quarter revenue grew by 27% to $185 million, company says.

'If you believe in your business, raise the money for it'

'If you believe in your business, raise the money for it'

by Eran Bar-Tal

Businessman and philanthropist Sheldon Adelson appeared before haredi entrepreneurs in Bnei Barak on Tuesday. In an interview with Yasmin Lukatz, the head of the Israel Collaboration Network (ICON), he spoke about his successes and challenges.

Despite hostile political stance, UN buying more from Israel

Despite hostile political stance, UN buying more from Israel

by Ariel Kahana

In 2018, UN agencies purchased $66 million worth of Israeli goods and services in the field of security, water desalination, and medicine.

Israel Aerospace signs $50 million follow-up deal with Indian Navy
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Israel Aerospace signs $50 million follow-up deal with Indian Navy

by Reuters and Israel Hayom Staff

The agreement involves a range of maintenance and other services for subsystems of Israel Aerospace’s naval medium-range surface-to-air missile. To date, more than $6 billion worth of MRSAM systems have been sold worldwide.

Israeli defense firms team up with Lockheed Martin to enter US market

Israeli defense firms team up with Lockheed Martin to enter US market

by JNS and Israel Hayom Staff

The partnerships with Israel’s state-owned Rafael Advanced Defense Systems and Elta Systems, a subsidiary of Israel Aerospace Industries, give the Israeli companies access to US military tenders.

Google acquires Israeli storage company Elastifile

Google acquires Israeli storage company Elastifile

by Israel Hayom Staff

Acquisition is expected to be completed later this year. Herzliya and Santa Clara-based Elastifile will join Google Cloud upon finalization of the acquisition. “We’re excited to join Google for the next part of our journey," says Elastifile CEO Erwan Menard.

Report: At $14.5B, Israeli startup exits nearly double in first half of 2019

Report: At $14.5B, Israeli startup exits nearly double in first half of 2019

by Israel Hayom Staff

Leading business analysis firm IVC–Meitar says 66 exit deals, which include initial public offerings, mergers, acquisitions, and buyouts, set a five-year record. Report finds 23 deals were made in amounts ranging from $100 million to $1 billion.

Report: Amazon to launch Israeli site within weeks

Report: Amazon to launch Israeli site within weeks

by Israel Hayom Staff

Israeli retailers are hoping to see Amazon Israel up and running by Prime Day in mid-July, but it is more likely that the new site will launch in August, ahead of the new school year and High Holidays.

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