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Digital solutions for rigid packaging co Velox raises $38m

The Israeli company's proprietary technology is based on uniquely formulated inks and dedicated deposition architecture. ....

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Velox Secures $38 Million in Funding Led by Fortissimo Capital

/PRNewswire/ Velox Ltd., an innovative developer, manufacturer and seller of industrial direct-to-shape digital decoration solutions for the rigid packaging. ....

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EMK Capital to Acquire Cardo Systems from Fortissimo Capital and Founder Dr. Abraham Glezerman

Press release content from Business Wire. The AP news staff was not involved in its creation.
EMK Capital to Acquire Cardo Systems from Fortissimo Capital and Founder Dr. Abraham Glezerman
April 6, 2021 GMT
TEL AVIV, Israel (BUSINESS WIRE) Apr 6, 2021
Cardo Systems (“Cardo”, the “Company”), the industry pioneer and global market leader in wireless communication systems for groups and individuals in motion, today announced that EMK Capital has acquired Cardo Systems from Fortissimo Capital and Dr. Abraham Glezerman, its Founder and Chairman. Financial details of the transaction were not disclosed.
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Cardo designs and markets wireless mesh communication systems for motorcycle riders, skiers, site workers, and other groups and individuals in motion. The Company’s innovative products backed by proprietary, cutting-edge technology allows groups to communicate wirelessly with one another and connect safely to hands-free services (e.g. mobil ....

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Incredibuild Announces $140M in Funding as Cloud Transformation Turbocharges Software Development Cycles

Incredibuild Announces $140M in Funding as Cloud Transformation Turbocharges Software Development Cycles
- Investment by Insight Partners follows a year of increased product development and 55% growth in revenue
- Incredibuild solves the time to market challenge for customers including Microsoft, Amazon, Citibank, Adobe, Disney, Intel, Samsung, EPIC Games, and Nintendo
TEL AVIV, Israel, March 17, 2021 /PRNewswire/
Incredibuild, the software development acceleration platform, today announced a $140 million investment from ScaleUp investor Insight Partners. The investment, which includes both primary and secondary components, will help expand Incredibuild s US operations to meet the rapidly growing demand for its software development acceleration technology. The company, which has been profitable from day one, experienced a 55% increase in revenue in the past year as businesses seek the ability to build and ship software versions faster without compromising on qua ....

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Fortissimo buys MGAR group for NIS 240m

Fortissimo buys MGAR group for NIS 240m
The MGAR group is a major provider of services to municipalities in Israel, with parking payment app Cellopark among its companies.
Sources inform Globes that, two weeks ago, private equity firm Fortissimo, headed by Yuval Cohen, completed the acquisition of the MGAR group from ATE, which belongs to the heirs of Dan David and its founder Eliyahu Houri, for NIS 240 million. Globes reported the negotiations on the deal a few months ago.
MGAR provides municipal services, such as tax collection and data services, to local authorities around Israel. Fortissimo s interest in the group mainly stems, however, from the technological side of its business: subsidiaries Cellopark, which has developed an app for paying at parking lots via smartphone, and Prioricity, which provides designated ERP (enterprise resource planning) systems to the municipal sector. ....

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