USA News

IBM buys Israeli data storage co Storwize

Sunday, August 1st, 2010

by Shmulik Shelah

IBM Corporation today acquired Israeli data storage company Storwize Inc. for $140 million. Almost $40 million was invested in Storwize, mostly by private investors, as well as strategic investors, Sequoia Capital, Bessemer Venture Partners and Tanaya Capital (formerly Lehman Brothers’ venture capital arm). Storwize president Gal Naor and CTO Jonathan Amit founded the company in 2004. The company’s solution uses complex algorithms to compress data in real-time even before it is sent to storage systems. http://www.globes.co.il/serveen/globes/docview.asp?did=1000578219&fid=1725

Posted in Israel, IT / Software, M&A, News, USA

Dental endoscope co Sialo signs with major US distributor

Sunday, August 1st, 2010

by Koby Yeshayahou

Dental endoscope developer Sialo Technology Israel Ltd. has signed a non-exclusive distribution agreement with Henry Schein Inc., the world’s leading distributor of dental equipment. Henry Schein will distribute Sialo’s proprietary root-canal and dental implant direct vision endoscope, which enables dentists to see what they are doing in real time on an LCD screen. The mobile system includes the endoscope, the LCD screen, and a light source. http://www.globes.co.il/serveen/globes/docview.asp?did=1000578363&fid=1725

Posted in Business Development, Consumer Products, Healthcare / Biotech, Israel, News, USA

PwC report shows sharp rise in start-up investment

Monday, July 26th, 2010

by Batya Feldman

The latest Kesselman and Kesselman PricewaterhouseCoopers Israel MoneyTree report shows investments in Israeli start-ups totaled $206 million in the second quarter of 2010, up 21% from the preceding quarter, and up 27% from the corresponding quarter of 2009. Total investments in Israeli start-ups in the first half of 2010 amounted to $376 million, a slight rise over the $356 million invested start-ups in the first half of 2009. The upward trend was led by the medical devices and biotech sectors, while investments in Internet start-ups bounced back to the levels of recent years after low levels of investment in the first quarter of 2010. http://www.globes.co.il/serveen/globes/docview.asp?did=1000577247&fid=1725

Posted in Investment, M&A, News, USA

Israel’s clean tech clicks with Ohio’s

Sunday, July 25th, 2010

By Karin Kloosterman

Klara Oren, CEO of the Israeli clean tech-focused incubator LN Greentech, started the company in her living room in the early ’90s. She thought it would be a good way to help Israel’s new immigrants from Russia to integrate. Back then the focus was on biotech, and the government liked her approach so much that it provided funding to help transform research ideas into companies. Following business trips from Israel to Ohio, and those bringing Ohioans to Israel, last month LN Greentech signed a deal with the Ohio Clean Technologies Group, which is designed to create more than 2,000 sustainable jobs in the Midwestern state’s Mahoning Valley. The group’s vision includes plans to bring clean technologies in alternative energy and clean energy to market. And it includes Israel as well. http://www.israel21c.org/201007258146/environment/israels-clean-tech-clicks-with-ohios

Posted in Business Development, Clean Tech, Israel, News, USA

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