Author: OurCrowd

A Background on Rights Offerings

Feb 21, 2017 |

Rights Offerings A Rights Offering is an issuance of ‘Rights’ to a company’s existing shareholders that allows them to purchase additional shares from the company in proportion to their ownership, within a fixed time period. In a Rights Offering, the issue price of each share is generally at a discount to the current market price. The Good Companies will often seek a Rights Offering when they need to raise money quickly (for example, to service a debt covenant, pursue an aggressive acquisition or for general working capital requirements). From a company’s perspective, Rights Offerings are typically much quicker to close than a new equity issuance, and are much cheaper to execute. From an investor’s perspective, the subscription price of a Rights Offering is often-times at a significant discount to the company’s stock price, as it needs to be attractive enough to encourage all investors – including early investors –  to participate with their prorata amount of the raise. The Bad Issuing stock at discounted valuations carries the risk of signaling a distressed cry to the market. Not only is the offering’s share price discounted, but by...

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[Neverware in Yahoo Finance] Neverware Announces Release of CloudReady: VDI Edition

Feb 21, 2017 |

Neverware, a New York-based developer of operating systems that transform existing hardware to maximize value, announced today the release of CloudReady: VDI Edition, a new solution designed to simplify, secure, and streamline the management of end-user devices used to access virtual desktop infrastructure in enterprise organizations. CloudReady: VDI Edition solves one of the biggest pain points associated with VDI—the lack of flexibility, management, and security for various endpoint devices—by effectively turning endpoints into thin clients through its innovative architecture, which combines a universal operating system and device management. The result is a secure, flexible, and highly cost-effective VDI endpoint solution that works seamlessly with all VDI vendors and on the broad variety of hardware that organizations already own, from laptops and desktops to thin clients and tablets. Read more on Yahoo Finance...

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[CyberX in Forbes] Malware that eavesdrops via computer microphones is stealing hundreds of gigs of data

Feb 21, 2017 | ,

CyberX, a security provider that specializes in industrial control systems (ICS) and the Internet of things, recently reported on an advanced threat called Operation BugDrop. The sophisticated malware, they say, has already exfiltrated hundreds of gigabytes worth of data. CyberX has tallied at least 70 organizations victimized by BugDrop so far. They range from a civil engineering firm to a human rights organization to newspapers. So far, the bulk of the attacks have targeted operations in Ukraine. BugDrop has also spread to other countries, including Austria, Russia, and Saudi Arabia. CyberX notes that whoever is behind BugDrop has access to significant resources, given that the malware is siphoning several gigabytes of data every day — and that data must be decrypted before it can be analyzed. Read more on Forbes...

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[OurCrowd in Forbes] Israel’s pivot to Asia unfolds with OurCrowd move to Taiwan

Feb 20, 2017 | ,

Continuing its pivot to Asia, Israel’s crowd financing group OurCrowd is expanding to Taiwan. This latest outreach to the fastest-growing region of the world comes as OurCrowd has inked a deal with a new financial partner, Shanghai Commercial & Savings Bank. It’s good timing as Taiwan transitions from a tech power concentrated on semiconductors to hardware innovations yet without sufficient funding. Denes Ban, OurCrowd’s managing partner Asia, points out that the expansion is to help Taiwanese small and medium-sized businesses get funding, support Taiwanese investors in diversifying into global startups, and connect Israel and Taiwanese tech startups for efficiencies. Read more on Forbes...

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[OurCrowd in The Tower] “Israeli innovation is powering the American economy”: Investors descend on Jerusalem

Feb 20, 2017 |

More than 6,000 investors and entrepreneurs crammed the Israel Convention Center in Jerusalem Thursday for the annual OurCrowd Investors’ Summit, braving Jerusalem’s freezing rain to attend what was billed as the largest gathering of investors in Israeli history. Including investors from 82 countries and corporate representatives from close to 300 companies, as well as 250 venture capital firms, the convention promoted Israeli innovation in fields as diverse as agricultural, automotive, financial, medical and sports technology. The summit, which has grown sixfold since it was first held in 2015, mirrors the growth of venture capital in Israel in general, and of firms like OurCrowd, which manages a portfolio of more than $400 million invested in Israeli startups. Read more on The Tower...

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