Move

growth-positive

Talma Travel and Tours, a leading Israeli tourism company, is preparing for its IPO on the Tel Aviv Stock Exchange. The company plans to raise NIS 150-200 million at a valuation of NIS 500-600 million. As part of the IPO, Talma will acquire the Smartair flight search website for NIS 40 million. The acquisition is contingent on the success of the IPO. Smartair is a leading player in the local tourism market and has seen rapid growth in sales. The objective of the acquisition is to speed up the transition to online reservations in developing markets. Talma Travel and Tours has a strong presence in the business sector and has been growing through strategic acquisitions.

growth-positive

Israel-based flight and hotel booking startup Smartair TLV Ltd. has raised $6 million in a funding round led by Talma Travel And Tours Ltd. and Alpha Capital. The company will partner with Talma to establish a new company offering management tools for online tourism and travel services. Smartair provides a search engine and price comparison service for flights, hotels, and car rentals, and also allows operators in other countries to set up similar customized sites. The funding round will contribute to the companys growth.

growth-positive

Senior tourism sector leaders participated in a conference in Israel to discuss collaborations and investment in Israeli startups in the tourism and hotel industries. The conference was organized by InnoVel-Venture Capital, a travel and tourism VC based in Tel Aviv. The conference included the participation of Sheldon Adelson, a casino magnate. Several startups were mentioned, including Travelyo, SnapShot, KOSHWHERE.COM, Sidekix, and Aspectiva. The article also mentions an expanded partnership between IBM and Teva Pharmaceuticals in the field of e-health, focusing on new treatment options and chronic disease management. The partnership will utilize IBM Watsons cognitive technologies.