CTech's Monday Roundup of Israeli Tech News

Insight Ventures buys cyber company Armis for approximately $1 billion. Earlier on Monday, Calcalist reported that Armis had been negotiating its acquisition by a leading U.S. investment firm according to a company valuation of between $800 million and $1.2 billion, citing two sources. Read more

How the lives of Israeli tech workers changed over the past decade. A look at the changes in the employment conditions of tech workers in Israel presents a broader view of the industry as a whole. Read more

Expert | The tech sector’s 10 biggest challenges in the new decade. From regaining the public’s trust and addressing the privacy crisis, to making digital coins viable, Calcalist reporter Omer Kabir outlines the most pressing issues faced by the global tech industry. Read more

 

Email security company Mimecast acquires cybersecurity company Segasec. Segasec develops a cybersecurity service that protects website operators from consumer phishing scams. Read more

Axell launches fintech and insurtech innovation hub in Tel Aviv. The innovation hub aims to connect local and international insurance and financial corporations with local startups. Read more

Adama CEO named CFO of parent company Syngenta Group. Chen Lichtenstein was appointed CEO of the Israeli pesticide manufacturer in 2014; Adama was in 2017 acquired by ChemChina, whose agricultural assets merged with Sinochem to form Syngenta. Read more

Porsche to collaborate with infrared imaging startup TriEye. TriEye develops shortwave imaging technology aimed to help vehicles function better under diverse weather and light conditions. Read more

Italy’s embassy, Intesa Sanpaolo Bank, launch accelerator in Israeli resort town Eilat. Aimed at Italian startups looking to break into Israel, the program offers co-working office space, guidance, networking opportunities, and 10,000 euros in funding for each participating company. Read more