CTech's Thursday Roundup of Israeli Tech News
Former Palo Alto Networks employee charged with insider trading, making $7 million; Verint in talks to acquire competitors WebintPro, Deep Analytics
Former Palo Alto Networks employee charged with insider trading, making $7 million. According to the SEC, Janardhan Nellore, who was fired earlier this year, used his credentials to obtain highly confidential information he then used to trade in Palo Alto Networks securities. Read more
Verint in talks to acquire competitors WebintPro, Deep Analytics. The Nasdaq-listed business intelligence company has agreed to pay $27.5 million for the two smaller competitors, according to people familiar with the deal. Read more
One year after launch, Yandex is unhappy with its Israeli taxi-hailing business. Russian media company Yandex is considering replacing the Israeli head of its Yango taxi-hailing service, which has been tailing competitor Gett, one person familiar with the matter told Calcalist. Read more
Israeli defense contractor Elbit successfully launches its first nanosatellite. Planned for commercial purposes, NANOVA hosts a UHF communication payload providing a direct satellite link for data, voice and text messaging. Read more
Fat-melting startup Raziel Therapeutics raises $22 million. The company's drug is injected into subcutaneous fat where it causes immediate fat cell death at the injection site, resulting in a reduction of fat tissue. Read more
3D printing company Stratasys appoints Yoav Zeif as CEO. Stratasys manufactures 3D printers and production systems for several industries, including aerospace, automotive, healthcare, and consumer products. Read more
Gaming software startup Overwolf expands into new offices. Overwolf develops a service that enables third-party developers to create modifications to existing PC games, which are then available through Overwolf's app store. Read more
