Tweet Globes reported today that SAP’s recent announcement that it was cutting 6% of its global workforce (3,000 jobs) would likely include some layoffs to its Israel division. Despite its reaching €3.5 billion revenue for the fourth quarter in 2008, SAP’s software sales were down 7%. According to Globes, SAP co-CEO Leo Apotheker said, “The […]
Browsing Posts tagged Israel
Tweet Earlier this month, Jon Brodkin of Network World named Axxana to his list, “10 start-ups to watch in ’09“. Today, he included the enterprise storage company as one of five vendors who are pushing flash technology for the enterprise in “How flash is changing storage…” In October 2008, Axxana exited stealth mode at the Storage Networking World […]
Tweet During the week of January 18, 2009, business was back to normal for better and for worse. Announcements were made that Israel is planning the largest desal plant and Varonis and SAManage received funding. On the other end, the Israel Venture Capital Research Center released VC funding numbers for the fourth quarter of 2008 […]
Tweet Though 2008 was clearly a tough year for companies and venture capital funds in Israel and worldwide, several announcements this week have given a better picture of the extent of its impact on Israel’s Silicon Wadi. Globes reported this past week that Aviv Venture Capital raised $52 million for its Aviv II Fund last […]
Tweet SAManage, a provider of on-demand (SaaS) IT Management services with an R&D office in Israel, announced today that it has secured an undisclosed amount of Series A Funding from Xenia Venture Capital and existing investors to help support its growth and development of new SaaS-based services. The company, which was was founded in 2007 by […]
Tweet Business Week has announced that topping its 2008 Best Young European Entrepreneurs reader poll is Innovid’s 27-year old co-founder and chief technology officer, Tal Chalozin. Innovid was founded by Chalozin and, CEO, Zvika Netter in 2006 and provides a platform “that allows the integration of brand advertising into relevant video content.” The technology promises […]
Tweet Israel-based ClickSoftware Technologies, a mobile workforce management and service optimization solutions provider, recently announced its new solution for customer interaction management and the addition of it to the ClickSoftware’s ServiceOptimization Suite. The new solution, ClickContact, automates the process of customers scheduling and maintaining appointments over the Internet in a way that gives them more control and […]
Tweet During the week of January 11, 2009, the war in Gaza escalated and news about Israeli tech companies continued. The biggest news of the week was that multi-touch technology company, N-Trig raised $24 million in its latest round of funding, the majority coming from Microsoft. Better Place announced its partnership to bring electric cars […]
Tweet The breaking news that Steve Jobs of Apple is taking a medical leave of absence for several months makes the news from earlier this week of Microsoft investing in Israel- and Texas-based N-Trig gets even more interesting. Earlier this week, N-Trig, the sole provider of DuoSense™ technology which combines pen, touch and multi-touch into […]
