Microsoft has signed a letter of intent to buy Israel’s Equivio for $200M
The Wall Street Journal reports that Microsoft has signed a letter of intent to acquire Israeli text analysis company Equivio for $200 million. Founded in 2004, Equivio provides analytics software for e-discovery and information governance. The Rosh Ha’ayin-based company’s user base includes a variety of corporations, law firms and government agencies. To read more about the company and deal, click here.
It is no secret that Israeli tech startups are on their way up, transforming healthcare, entertainment, finance, media, agriculture and more. The music industry too has had its share of innovative products and technologies revolutionizing field. Whether you want to learn how to play an instrument or discover the new songs your friends like, there is an Israeli app for that. To read about Israel’s top 10 music apps, click here.
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Young Israeli cyberwarriors learn to duel in the dark
There are a lot of secrets kept in Israel’s intelligence community, but this is not one of them: Israel aims to become a cybersecurity superpower, and to do that, the Israeli military is launching an ambitious program to groom the next generation of cyberwarriors while they are still in high school. In these cyber-classrooms, students will learn not only how the Internet operates, but also how hackers steal data and disrupt systems. To read more, click here.
For their achievements in generating solar power and hydrogen fuel, two researchers receive a million dollar prize as part of the Israeli Prime Minister’s Prize for Innovation in Alternative Fuels for Transportation, a competition that began last year. The winners — Professor Michael Grätzel of Switzerland and Professor Thomas Meyer of the US – are well-known experts in alternative energy. The $1 million Eric and Sheila Samson Prize is considered the world’s largest award for innovation in the field of alternative fuels. To read more, click here.
No longer just a startup city, Israel is truly becoming a Startup Nation
California’s Silicon Valley has for years been eyeing with growing interest what has come to be known half-jokingly as ‘Silicon Wadi,’ the Israeli startup scene. Ever since ‘Startup Nation’ became Israel’s official nickname, the country boasts that it is the place, 2nd only to its California role model, for creating new businesses and achieving best exits. But in the general perception, the ‘Startup Nation’ was actually the city of Tel Aviv. In recent years, however, that has started to change, with more and more startup centers dotting the Israeli map. To read more, click here.
OurCrowd’s News Nuggets
The Israeli quiz factory that’s outbuzzing BuzzFeed on FB (Businessweek)
Israeli mobile analytics startup, Appsee, raises $2M (TechCrunch)