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CTech’s Weekly Roundup of Israeli Tech News

CTech’s Weekly Roundup of Israeli Tech News

IFF to acquire Frutarom for $7.1 billion. A review of Israel’s economy ahead of a possible military escalation. Israeli tech is coming to the Paris Motor Show

CTech  :  2018-05-11T11:38:45..

How the Israeli economy would fare if conflict with Iran further escalates. Calcalist reporters Adrian Filut and Amir Rosenbaum looked at the numbers. The conclusion: Israel's economy is better prepared than it has ever been ahead of a possible military confrontation. In fact, if the shekel depreciates it might even help the local economy. Read more

IFF to acquire Frutarom for $7.1 billion. Both companies are leaders in the flavors and fragrances industry. U.S.-based IFF will pay 67% in cash and 33% in stock for the Israel-headquartered company, which will become a subsidiary pending regulatory approval. The acquisition deal will be the second largest in Israel’s history, surpassed only by 2017’s $15.3 billion Intel-Mobileye deal. Read more

Frutarom CEO Ori Yehudai. Photo: Tomi Harpaz Frutarom CEO Ori Yehudai. Photo: Tomi Harpaz Frutarom CEO Ori Yehudai. Photo: Tomi Harpaz

 

Israeli tech is coming to the Paris Motor Show. After Silicon Valley, London, and New York, Calcalist's international conference series will be landing in Paris in October for the city's biennial motor show. Calcalist will lead a delegation that will present Israeli technologies. Read more

 

Black Cube sought damaging intel on former Obama officials. The New Yorker named Black Cube as the Israeli intelligence firm hired to discredit former White House staffers involved in the 2015 Iran nuclear deal. Read more

 

Canadian billionaire who brought Giro d’Italia to Israel signals next target. On Saturday, thousands of spectators cheered at the sidelines as the riders of Giro d’Italia made their way onto the streets of Tel Aviv, on the second day of the tournament’s three-day launch in Israel. The country’s inclusion in this year’s route would not have come into being, had it not been for Israeli-Canadian billionaire Sylvan Adams, who financed most of the tournament’s Israeli segment, together with the Israeli government. His next target: setting up a sports research center in Israel. Read more

Google to acquire Israeli cloud migration startup Velostrata. Velostrata’s software enables companies to move their data and applications from onsite computers to the cloud, or between cloud environments. Read more

Canon to buy video analysis company BriefCam. BriefCam develops machine learning software that enables investigators to view and search hours of video footage in minutes. Cannon stated the acquisition is part of the company's five-year global corporation initiative, launched in 2016. Read more

When it comes to GDPR, partial compliance is better than no compliance. Lawyer and entrepreneur Zachi Zach outlines some of the ways companies can come closer to compliance with the new General Data Protection Regulation. Read more

Diplomats take offense at shoe dessert served to Japan’s prime minister in Israel. The unusual dessert was served to Shinzo Abe at a formal dinner hosted by Benjamin and Sara Netanyahu. Read more

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