Abigail Klein Leichman
August 2, 2018

Here’s a summary of acquisition news out of Israel for the month of July 2018.

Israeli messaging company Redkix joined Workplace by Facebook. The terms of the acquisition weren’t disclosed but press speculations put the value of the deal at $100 million. Redkix is based in Yehud with an office in California.

Amsterdam-based Takeaway.com, the leading online food delivery marketplace in continental Europe, signed an agreement to acquire 10bis of Tel Aviv from TA Associates and founder Tamir Carmel for approximately €135 million ($157 million). Founded in 2000, 10bis operates an online food marketplace that provides employee meal benefits plans to corporations.

Israel’s Bank Leumi and the Azrieli Group agreed to sell Leumi Card to Warburg Pincus, a global New York-headquartered private equity fund. Leumi Card is valued at approximately ₪2.5 billion (about $685 million).

Tel Aviv-based cybersecurity company Imperva will acquire network management startup Prevoty of California for $140 million. Founded in 2002, Imperva develops and sells information security software for databases and web apps, and already has a California headquarters.

Solebit cybersecurity software company, with R&D in Herzliya Pituah, was acquired for approximately $88 million by Mimecast of Lexington, Massachusetts.

PayU, the payments division of Naspers, acquired Israeli fintech company ZOOZ of Herzliya for a reported $80-90 million. The two companies will build a modular Payment OS platform to help global merchants with fraud management and real time reporting or routing.

Kape Technologies, which has an office in Tel Aviv, bought Mac cybersecurity software maker Intego from Bessemer Venture Partners for $16 million.

Rosh HaAyin-based AllCloud Platforms acquired San Francisco-based Figur8 Cloud Solutions for about $10 million.

Rhode Island-based Upserve, a developer of digital restaurant management tools, acquired Tel Aviv-based SimpleOrder for an undisclosed amount. Founded in 2012, SimpleOrder helps restaurants manage their inventory of perishables, detect changing prices in real time, and automatically calculate the actual cost of various dishes.

Indorama Ventures of Bangkok acquired Avgol Industries 1953, an Israeli company that manufactures nonwoven fabrics for diapers and feminine hygiene products. The company has manufacturing sites in Israel, the United States, Russia, China and India. Terms of the deal were not revealed.

Celtinel of Tel Aviv, which has an automatic system to analyze the content of phone conversation in real time to enable profiling of the personal and business entity of the participants, reportedly purchased Israeli business intelligence platform developer Corr.Bi, a Techstars Barclay accelerator graduate, for a reported “several million” shekels.

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