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CTech's Thursday Roundup of Israeli Tech News

CTech's Thursday Roundup of Israeli Tech News

Salesforce buys Clicksoftware for $1.35 billion; Teva beat analysts’ consensus, but its big battles are still up ahead

CTech  :  2019-08-08T14:12:14..

Salesforce buys Clicksoftware for $1.35 billion. In January, Calcalist reported that Salesforce was in talks to buy the workforce management software company for around $1.5 billion. Read more

Analysis | Teva beat analysts’ consensus, but its big battles are still up ahead. Teva ends the second quarter of 2019 down a CFO, with negative cash flow and the threat of lawsuits that could cost billions. In his call with analysts, CEO Kare Schultz hinted at the possibility of future layoffs, but Teva still handed out $240 million worth of annual bonuses to senior executives. Read more

Teva. Photo: EPA Teva. Photo: EPA Teva. Photo: EPA

Eyal Ofer leads WSC Sports' $23 million funding round. WSC Sports’ video technology analyzes sports broadcasts in real-time, using artificial intelligence and machine learning to identify the various components of each game and generate customized video highlights of every player and team. Read more

Convizit wins Pitango’s $1 million startup competition. The semi-finalists for Pitango’s Trifecta competition were unveiled in April during Calcalist’s third annual Mind the Tech Conference in New York. Read more

Nexar wants to eliminate traffic jams by enhancing vehicle communication. Tel Aviv-based Nexar develops a free dashcam application that collects user-generated road data and connects to a vehicle-to-vehicle network across 160 countries. Read more

Cisco backs software debugging startup Rookout. Founded in 2017, Rookout develops technology that allows customers to fix errors in their software without having to write new code or take their applications offline. Read more

Tel Aviv University backs two cybersecurity startups. Tel Aviv University, through its investment arm TAU Ventures, has invested $2 million in fake profile-identifying startup Cyabra and $1.5 million in encryption startup GlobeKeeper. Read more

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