web analytics
May 28, 2015 / 10 Sivan, 5775
At a Glance

Posts Tagged ‘high-tech’

Yahoo CEO Marissa Mayer to Visit Israel in July

Wednesday, January 22nd, 2014

Yahoo President and CEO Marissa Mayer told Prime Minister Binyamin Netanyahu in Davos Wednesday that she expects to visit Israel in July.

Meeting at the 014 World Economic Forum Annual Meeting, the Prime Minister told her that whereas major powers were once measured in terms of territory, today they are measured by the number of unique users.

He presented the advantages of investing in Israeli technology, discussed the leading position of cyber technologies and asked what he could do to increase Yahoo’s investments in Israel.

 

Larry King Teams Up with Technion to Promote Israeli High Tech

Tuesday, January 21st, 2014

Former CNN host Larry King and the Haifa-based Technion Institute are establishing the Israel Silicon Valley Chambers of Commerce to promote Israeli high tech and encourage multinational companies to open R&D centers in Israel.

King will help finance the project with a $600,000 investment.

The new chambers of commerce will be launched next month in Tel Aviv and at Stanford University in Palo Alto, California.

“Israeli is the world’s number 2 in high tech, especially for R&D, just behind Silicon Valley,” said Niv Jacobi, who manages much of King’s businesses and will chair the new organizations. “The important linkup of the two has never had a serious organization, and I assume that this is an extraordinary opportunity to lead a far-reaching and long-term effort that will greatly help in bringing foreign capital to Israel, foster and direct start-ups, and strengthen the overall ties with Silicon Valley.”

Netanyahu to Address Davos Forum on ‘Israel – Innovation Nation’

Tuesday, January 21st, 2014

Prime Minister Binyamin Netanyahu will travel Wednesday to the 2014 World Economic Forum in Davos, where he will deliver an address under the heading “Israel – Innovation Nation,” with an emphasis on the cyber industry.

He also will attend the IT session, in the presence of Cisco CEO John Chambers, and a cyber session that is expected to draw dozens of corporate managers and senior government officials from countries active in the field.

Prime Minister Netanyahu is due to meet with Yahoo President and CEO Marissa Mayer and with Google Senior Vice President and Chief Business Officer Nikesh Arora and will emphasize Israeli innovation and the technological leadership of the Israeli high-tech industry in order to expand economic cooperation with the two companies.

Google has bought out Israeli firms, most notably Wade, for which it paid more than $1 billion. It also has established an active presence in Israel, including a research and development center.

“Israel is an exception on the Western economic scene,” Prime Minister Netanyahu said Tuesday, “We have succeeded in dealing with the global economic crisis better than almost all Western countries. But we cannot rest on our laurels. We need to develop new markets and new partners and this is my goal in going to Davos. My intention is to talk with leading global high tech companies, in the cyber and other fields, in order to tell them to come to Israel, invest in Israel and create jobs in Israel.”

Motorola to Supply IDF Soldiers with Rugged Smartphones

Wednesday, January 1st, 2014

A rugged soldier needs a rugged smartphone in today’s high-tech warfare, and the Defense Ministry is buying from Motorola $100 million of next generation smartphones for its troops. American aid will finance half of the project, with the first military unit to have them in the battlefield within two years.

The ministry said Motorola has the only devices with proven capability of encryption that satisfies the IDF’s demands.

Globes reported that although details of the smartphone are not available, a picture of it suggests that it has a 4-inch touch screen and is resistant to dust and water.

The smartphone includes a GPS guidance system and an 8-megapixel sensor.

The length of time between charges of the battery depends on how much the screen is used. If the smartphone is used only for talking non-stop, the battery can keep running for nearly seven hours, with another eight hours of standby time.

“The contract for the development and purchase of the first military smartphones will bring the smartphone revolution to the battlefield of the future, and will lend a significant advantage to the IDF and the entire defense system,” said Brig. Gen. (Res.) Shmuel Zucker, director of purchases for the Defense Ministry.

Emerson Buys Israel High-Tech Firm, Will Set Up R&D in Israel

Thursday, December 19th, 2013

The giant Emerson company of the United States has joined the high-tech parade t Israel and has bought the Israeli start-up Israel’s privately-held APM Automation Solutions, for tens of millions of dollars. APM’s operations will remain in Israel, where Emerson will set to a research and development center in Israel.

APM has developed solids volume and level measurement instrumentation and will now be part of the Emerson Process Management business. APM’s acoustic imaging and 3D mapping technologies measure the level, volume and mass of bulk solids and powders stored inside a silo or open bin.

Emerson’s market cap is $48 billion with annual sales of $24.4 billion in 150 countries.

“This is the Apple of the computing and control industry,” said APM co-founder Ofir Perl, who said that Emerson will hire dozens of employees in Israel.

Israeli Developer of Swallowable Camera Bought for $860 Million

Monday, December 9th, 2013

An Irish company will purchase Given Imaging Ltd., an Israeli firm that developed a swallowable camera to diagnose problems in the digestive tract.

Covidien Plc agreed to acquire Given Imaging from shareholders of IDB Holding Corp. Ltd. for about $860 million, it was reported Sunday. Given Imaging is the inventor of the PillCam, a swallowed optical endoscopy technology.

Covidien acquired three other Israeli medical device companies, all in 2012.

IDB subsidiaries Discount Investment Corp., Elron Electronic Industries and Rafael Development Corp. hold stakes in Given Imaging. The three companies were set to approve the deal on Sunday, which also must be approved by shareholders of Given Imaging.

Apple Confirms It Is Paying $350 Million for Prime Sense

Monday, November 25th, 2013

Apple has made short shrift of recent denials of Israel’s PrimeSense gesture recognition company that it is being bought out and has and confirmed on Monday it is paying $359 million for the firm.

“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” said Apple in a statement following 18 months of negotiations.

PrimeSense was founded as a start-up in 2005. Its software is embedded in Microsoft’s Kinect system and is used in Xbox 360 game consoles. Its gesture recognition technology allows purchasers to use their tablets to buy clothing by scanning their bodies.

Apple will embed PrimeSense’s technology in it smart TV that is scheduled to hit the market in 2015, Globes reported. Apple might also install the technology in iPads.

The acquisition is Apple’s second in Israel. Two years ago, it paid $400 million for Anobit.

Printed from: http://www.jewishpress.com/news/breaking-news/apple-confirms-it-is-paying-350-million-for-prime-sense/2013/11/25/

Scan this QR code to visit this page online: