CTech's Thursday Roundup of Israeli Tech News

Analyst marks six public Israeli tech companies as prospective M&A targets; Xilinx in talks to acquire Mellanox, report says

CTech 18:2408.11.18

Analyst marks six public Israeli tech companies as prospective M&A targets. The Israeli market has seen at least four acquisitions valued at over $1 billion in 2018, making for an unusual year. Which company comes next? Read more

 

Xilinx in talks to acquire Mellanox, report says. The San Jose-headquartered semiconductor manufacturer has hired Barclays to advise on its Mellanox bid, CNBC reported Wednesday. Read more 
Mellanox's offices in Israel. Photo: PR Mellanox's offices in Israel. Photo: PR

 

Senior partners take a back seat at Israeli venture capital firm JVP. Kobi Rozengarten, Gadi Tirosh, and Raffi Kasten stepped down from their positions as general partners at the Jerusalem-based firm. Read more

 

Angry passenger sues Israel Railways over spotty WiFi. A proposed class-action lawsuit has been filed in Israel against the country's only railway company, to the estimated sum of $83.6 million. Read more

 

Business travel startup TripActions raises $154 million. TripActions offers a travel booking and management service for companies, designed to help business travelers book hotels, flights, and other related services at a discounted price. Read more

 

Life sciences venture fund aMoon nearing cap of second fund, says co-founder. The Israel-based firm announced in April it is raising a second, $500 million fund with a hard cap of $750 million. Credit Suisse is a major investor. Read more

 

CyberArk jumps on Nasdaq following third-quarter reports. The Information security company closed 5.74% up on Nasdaq on Wednesday after reporting record revenues for the quarter and raising its total revenue outlook for the full year. Read more
 

News Briefs

IT software company Samanage raises $30 million. Read more

 

Cybersecurity company Checkmarx buys Ontario-based Custodela. Read more

 

Cypriot airline TUS plans route from Tel Aviv’s Sde Dov Airport to Larnaca. Read more 

 

Conversational AI startup Bonobo raises $4.4 million. Read more

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