USA News

AOL to buy Israeli start-up 5min

Tuesday, September 28th, 2010

by  Noa Parag

US Internet giant AOL is buying Israeli start-up 5min, according to technology blog All Things Digital. The value of the deal was not reported but estimates are that it was up to around $65 million. A formal notice of the acquisition is expected today. The company declined to comment. 5min was founded in 2007 by Ran Harnevo, who serves as chairman; Tal Simantov, chief marketing officer; and Hanan Laschover, chief technology officer. 5min is a platform for instructional videos in all kinds of fields that enables people to share their knowledge by uploading videos lasting up to five minutes. 5min has raised $13 million to date, reportedly from venture capital funds Spark Capital and Globespan Capital, along with private investors. The private investors include Nehama Karpol, Ofer Lazovski, and advertising agency Adler Chomsky’s Grey Interactive Israel. If the deal does go through, it will be AOL’s fifth acquisition in Israel. http://www.globes.co.il/serveen/globes/docview.asp?did=1000590822&fid=1725

Google buying Israeli startup: Quiksee

Monday, September 13th, 2010

by Guy Grimland

Quiksee, also known as MentorWave Technologies, allows users to create location-based interactive media content. Its web-based content, the company says, “lets you quickly and easily create stunning virtual tours.” Two investment groups have put $3.5 million into Quiksee, Ofer Hi-Tech and Docor International, while a number of private investment “angels” have also backed the firm. The deal is estimated at $10 million. http://www.haaretz.com/print-edition/business/google-buying-second-israeli-startup-quiksee-1.313483

3M buys Attenti for $230m

Tuesday, August 31st, 2010

by Globes’ correspondent

3M Corporation will acquire Tel Aviv-based Attenti Holdings SA for $230 million in cash, from an investor group led by Francisco Partners. Attenti Holdings was formally Dmatek Ltd., which was traded on the London Stock Exchange, before its acquisition in 2009. The company develops and manufactures remote people monitoring technologies, in other words, electronic ankle bracelets. The acquisition should be closed in the fourth quarter. The company’s products can be used monitor a person’s whereabouts, such as parolees or people with Alzheimer’s disease. Attenti has 340 employees in Tel Aviv, at three sites in the US at Tampa, Milwaukee and Naperville in Illinois, and at Sydney, Australia, and Plovdiv in Bulgaria. The company estimates that its sales will reach $100 million this year. http://www.globes.co.il/serveen/globes/docview.asp?did=1000585398&fid=1725

Iowa, Virginia facilities add MCS anti-clot device

Tuesday, August 3rd, 2010

by Globes’ correspondent

MCS Medical Compression Systems (DBN) Ltd. said today that during July, three additional medical centers in the US added its anti-clotting device. The facilities are located in Virginia and Iowa. MCS said that the three centers carry out about 2,500 medical procedures that are relevant for the use of its device, and that it estimates that it will reach a 25% penetration rate in the first year. MCS’s ActiveCare+SFT device is a non-invasive alternative to medication in preventing deep vein thrombosis in orthopedic surgery patients. http://www.globes.co.il/serveen/globes/docview.asp?did=1000579245&fid=1725