SafeCharge CEO David Avgi, who founded the payments technology company with Teddy Sagi, explains the rationale behind its sale to Canadian company Nuvei.
The two funds have signed a binding agreement and will pay NIS 575 million for a 32.5% stake in the Israeli insurance company.
The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.
Controlling shareholder Teddy Sagi will receive $570 million for his stake in the Israeli payment solutions company.
Profitect has developed a product that can track and identify inventory losses in stores.
The Israeli business intelligence company will have over 700 employees and 2,000 customers after the merger.
A revised proposal by Searchlight Capital Partners is being put to the bondholders in Bezeq's parent company B Communications today.
The acquisition will add deep user analytics to ServiceNow's Now Platform and extend teh company's footprint in Israel.
The investment is in stock exchange shell Herodium, into which cannabis company Panaxia Israel will be merged.
The purchase price for the San Francisco-based low-code platform company is estimated at $15-20 million.
"SafeCharge was my baby"