Gix News
19 articles
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes
Infosys led gains in Indias Nifty 50 index, which closed higher for the fifth consecutive session, driven by a 5% surge in Infosys shares following the announcement of a share buyback plan. The IT sector, which accounted for a significant portion of the days gains, benefited from expectations of a U.S. interest rate cut, which could boost technology spending in the U.S., a key market for Indian IT firms. The broader market also saw gains, with the Nifty 50 and BSE Sensex both rising by 0.39%. The anticipation of a Federal Reserve rate cut was fueled by weaker-than-expected U.S. job data.
Westin Desaru Coast Resort partners with CAYIN Technology for digital signage
CAYIN Technology has partnered with Westin Desaru Coast Resort in Johor, Malaysia, to enhance guest communication and operational efficiency through the implementation of its CMS-WS server and CAYIN Signage Player. This collaboration involves the use of digital signage to provide real-time updates across 14 Samsung displays in various areas of the resort. The project was executed in partnership with Hola Media, which provided integration services, including installation, design, staff training, and support. The system has improved communication, reduced staff workload, and enhanced the guest experience, preparing the resort for future digital expansion.
Partners
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
Strauss Group (TASE:STRS): Assessing Valuation After Mixed Q2 Earnings and Sales Growth
Strauss Group has released its second quarter and half-year earnings, showing a rise in sales for both periods in 2025. Despite the increase in revenue, net income has decreased, indicating potential cost pressures or margin changes. The companys stock has risen by nearly 64% over the past year, though recent gains have slowed. Strauss Groups price-to-earnings ratio is slightly below the Asian Food industry average, suggesting it is valued in line with sector peers. The companys strong profit growth and above-average profit margin support its current valuation. However, potential risks include slowing net income growth or changes in consumer demand.
BHP Xplor Opens Applications for 2026 Cohort, Offering Equity-Free Funding and Global Support
BHP Group Limited has announced the opening of applications for the 2026 cohort of its BHP Xplor accelerator program, which aims to transform the discovery of critical minerals. The program offers early-stage explorers up to USD $500,000 in equity-free funding, mentorship, and access to BHP’s global network. BHP Xplor has been successful in previous years, fostering partnerships and accelerating exploration projects. The program supports BHPs long-term growth by engaging with diverse exploration projects. Applications are open from September 8 to October 15, 2025.
Partners
Medigus: Charging Robotics was Nominated for and Submitted its AI based Solution to the 14th Innovation World Cup
Medigus: ScoutCam Announces Appointment of Yehu Ofer as Chief Executive Officer
Medigus Ltd, a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, has announced the appointment of Yehu Ofer as CEO of ScoutCam Inc, a company owned 27.02% by Medigus. ScoutCam is a leading provider of visualization and AI-based solutions to the Condition Based Monitoring (CBM) and the Predictive Maintenance (PdM) markets. Ofer, a former Israeli Air Force pilot and commander, as well as a leading professional in the aviation and aerospace industries, will lend his decades of experience to ScoutCam’s continued growth and success.
Management Changes
Medigus Announces Record 2022 First Half Financial Results
Medigus: Gix Internet Reports Revenues Increase of 166% Year-over-Year to Approximately $43.4 Million in the First Half of 2022
Medigus: Gix Completed Acquisition of Leading Media-Tech Company Cortex Group for Approximately $11 Million
Medigus Ltd, a technology company, announced that its affiliate Gix Internets subsidiary, Gix Media, has completed the acquisition of 70% of Cortex Group, a media-tech company. The acquisition was based on a Cortex pre-money valuation of approximately $15.6 million, with Gix Medias stake constituting approximately $11 million. Cortex, which was established in 2017, has been successful in the field of online advertising. According to Cortexs financial statements for H1 2021, its revenues amounted to approximately $13.5 million, a 53% increase compared to H1 2020. Cortexs financial results will be consolidated with Gixs financial statements.
Acquisition
Medigus to Invest $5 Million in Algomizer Group
Medigus Ltd has announced a definitive agreement to invest approximately $5 million in Algomizer Group, a company engaged in the field of internet advertising. The investment is part of Medigus strategy to enhance the company and create shareholder value. Medigus will invest directly in Algomizer Ltd and acquire shares of Linkury Ltd from Algomizer. The investment will result in Medigus holding 17.9% of Algomizer Group. The investment is subject to certain pre-conditions and approvals. Medigus investment is based on a projection of Linkurys net profit for 2019. If the net income is less than projected, Medigus will be issued additional securities in Algomizer Group. The parties have terminated a previously executed MOU on the CBD venture. Algomizer Group specializes in internet marketing and serves customers and partners including Google, Microsoft, Apple, Yahoo, and more.
Investment
Virtual Crypto To - Acquire Viewbix Ltd from Algomizer Ltd. Through Share Exchange
Virtual Crypto Technologies Ltd. has announced the acquisition of Viewbix Ltd., an Israeli-based company that offers a suite of proprietary products and services for video marketers and content developers. Viewbix has a growing customer roster, including Cuisinart, Paramount, H&R Block, CBS Television, and Sony. The acquisition will be executed through a share exchange with Viewbixs parent company, Algomizer Ltd. Virtual Crypto believes that Viewbix has substantial growth potential and aims to establish the company as a leader in the multi-billion dollar video content market. Viewbixs CEO and co-founder, Jonathan Stefansky, expressed confidence in Virtual Cryptos ability to provide the necessary resources to achieve their goals. Virtual Crypto Technologies specializes in software and hardware for the purchase and sale of cryptocurrencies.
Partners
Algomizer Merges a Subsidiary and Announces the Receipt of Preferred Technology Plant Status in Israel
Algomizers subsidiary, Linkury, has received approval for a merger with Exomode. The merger will streamline the businesses and result in cost savings. The merged company has also received a tax arrangement that will reduce its corporate tax rate. This tax arrangement is expected to lead to a reduction in operating and tax expenses. Linkury, the profitable subsidiary, is active in internet advertising and software development. Algomizer CEO Noam Band has announced his intention to purchase shares of the company from the public, expressing confidence in the company.
AcquisitionManagement Changes
Algomizer's Subsidiary Viewbix Announces the Successful Completion of a Live Interactive Video Pilot Providing a Lift of Over 500% in Performance With One of the Leading Israeli Broadcasters
Algomizers subsidiary, Viewbix, has completed a successful paid technology pilot with a leading Israeli broadcaster, showing a 500% improvement in performance with interactive videos. Viewbix is in discussions to extend the use of its technology with the broadcaster, which could result in a significant increase in revenue and profits. The effectiveness of interactive video is highlighted by Walmarts recent $250 million investment in a joint venture with Eko. The video market is experiencing significant growth, with video ad spend expected to increase by 30% in 2018. Algomizers acquisition of Viewbix positions the company to provide a full suite of services for maximizing ROI from interactive videos.
CustomersInvestment
Algomizer Revenues for First Half of 2018, Exceeds NIS 66.5 Million
Algomizer, a company specializing in Internet advertising, has reported revenues of over NIS 66.5 million for the first half of 2018. The companys operational cost reduction plan, implemented after the acquisition of Linkury and its subsidiaries, has resulted in consistent growth and improved results. Algomizers CEO, Noam Band, stated that the acquisition and streamlining processes have provided value to investors, allowing the company to expand its operations. Alongside the increase in revenues, there has also been an increase in the use of the companys products. Algomizer offers products that are measured by the number of searches performed using them.
CustomersAcquisition
Algomizer Commenced NASDAQ Listing Process
Algomizer, an internet technology company specialising in online marketing, has begun the process of listing on NASDAQ. The company, which is currently traded on the Tel Aviv Stock Exchange, develops automatic programs and AI bots for online marketing and advertising for businesses of all sizes. Algomizer is also working on an Initial Coin Offering (ICO) to integrate blockchain technology into its products. The company hopes that listing on NASDAQ will increase its exposure and attract investors from the American capital market.
Public TradingExpand
Algomizer to Integrate Blockchain Technology in Its Ad-Assistant Platform
Algomizer, a public company traded on the Tel Aviv Stock Exchange, is evaluating an ICO to implement blockchain technology in its Ad-Assistant platform. The aim is to enhance Ad-Assistant by utilizing blockchain technology for secure process and information flow management. The successful implementation will allow Algomizer to offer result-based payment to its customers. The company believes that this transition will reinforce Ad-Assistants advantages and drive growth by attracting more advertisers and users. The ICO will only take place after obtaining all required approvals and compliance with regulations. The estimated timetable for the ICO is three months.
Expand
Algomizer to Acquire Linkury for $ 11M
Algomizer, a public company traded on the Tel Aviv Stock Exchange, has completed the acquisition of Linkury Ltd., a provider of software monetization solutions, and its subsidiaries. The acquisition was completed for $11M plus options. Algomizer signed investment agreements of approximately $11M with leading investors to finance the transaction. Linkury operates in the online advertising industry and had revenues of $20M in 2016. Algomizer sees Linkury as a growth engine that will allow it to expand its offering to customers. Linkurys CEO and founder, Netanel Namdar, will retain his position and become an Algomizer shareholder. The acquisition is expected to significantly accelerate Algomizers growth and increase its sales.
AcquisitionInvestment
Algomizer has been Nominated for Two Google Awards, in Two Different Categories.
Algomizer, an internet technology company specializing in online marketing, has been selected as a finalist in Googles Premier Partners Awards 2016. The company was chosen after a thorough examination of its activities, including the quality of its campaigns, customer satisfaction, technological examination, business vision, and company sustainability. Algomizer will be represented at the final ceremony, which will take place on December 5th, 2016, at Googles headquarters in Ireland. One of Algomizers goals at the final ceremony is to find new partners and distributors that will help the company spread its innovative and revolutionary tools around the world.
Partners