Visionize News
3 articles
growth-negative
Avast closes R&D center in Israel, 120 laid off
In July, Avast, a cybersecurity company, acquired its competitor AVG for $1.3 billion. Following the acquisition, Avast is closing the development center in Tel Aviv, which was part of AVGs operations. The closure will result in the layoff of approximately 118 employees in three phases, with the final 70 employees working until June 30, 2017, to transfer knowledge to Avasts development centers in the Czech Republic and Germany. The layoffs are part of Avasts strategy to integrate and streamline operations, given the overlap between Avast and AVGs products. The move is aimed at enhancing Avasts mobile protection capabilities, leveraging AVGs user base of 160 million mobile users.
AcquisitionLayoffs
growth-positive
Another exit in the toolbar industry: Visionize is sold to AVG for $15 million
Israeli startup Visionize is set to be acquired by antivirus company AVG for approximately $15 million. Half of the amount will be paid immediately in cash, with the remainder contingent on sales performance. Visionize, founded by Iri Amirev and Amir Leitersdorf, developed a system for content websites to create toolbars that keep users connected to the site. Visionizes toolbars have been downloaded around 61 million times and have 2 million daily users. AVG plans to integrate Visionizes technology into its own toolbars. This acquisition marks AVGs third purchase in Israel within the past year.
Acquired-byCustomers
growth-positive
הרשת החברתית-רפואית איימדיקס עולה לאוויר
Israeli startup imedix has launched its social network platform focused on healthcare, medications, and treatment methods. The platform aims to help users worldwide find medical information through the sharing of medical experiences among users, alongside a specialized search engine. Users of the platform will receive two types of results: medical information from across the network and user profiles that match specific keywords during registration. The platform also allows users to communicate with each other through an internal messaging system. The company has raised $2 million from undisclosed angels and plans to raise additional funding in the near future. The target audience for the platform is the American market, but the founders plan to expand to other languages in the future. The companys business model is focused on medical advertising, such as health insurance and healthcare providers.
CustomersInvestment
