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Who wants to eat a meatless steak and how much did Lemonade surge in its first day of trading?

CTech Daily Roundup: Software giant Amdocs set to lay off 1,000 employees

CTech 21:4702.07.20

Lemonade share price doubles in day one after completing NYSE IPO at a $1.6 billion valuation. Despite the high demand, Lemonade started trading publicly at a valuation that was lower than the $2 billion valuation it got on its last private funding. Read more

 

Software giant Amdocs set to lay off 1,000 employees. The company said it is reorganizing global HR due to “complex time of continued uncertainty in global markets.” Read more

 

Analysis | Amdocs layoffs are only the first wave of Covid-19 storm. Firings by the software giant are a painful herald to other Israeli companies that operate in the bruised U.S. market. Read more

 

Lemonade app. Photo: Lemonade Lemonade app. Photo: Lemonade

LivePerson is giving up its offices, switching to full WFH model. Publicly traded customer engagement company responded to employee survey that found vast majority prefer to stay home. Read more

 

Streaming giant Deezer acquires Israeli music startup MUGO. Deezer will purchase the Israeli social app and be the first audio streaming platform with its own show, Deezer Live. Read more

 

Global corporations are key to Israel’s corporate success, report finds. A new report by Mind the Bridge suggests that much of Israel’s success and capital comes from international corporations willing to work in Startup Nation. Read more

 

Fundbox founder Eyal Shinar to become Executive Chairman, Prashant Fuloria promoted to new CEO. The company shuffle was paused because of the Coronavirus outbreak, but positive earnings led way to the move. Read more

 

An Israeli startup wants to 3D-print meatless steaks. Redefine Meat uses plant-based products to create lookalike steaks for high-end restaurants. Read more

 

Opinion | US-Israel M&A Getting Stronger And Expected to Continue. By analyzing M&A Deals using US buyers and Israeli targets, there are some interesting observations. Read more