Israeli Businesses are in Demand
Reprinted from Daily Alert, September 25, 2015
Israeli Defense Firm Awarded $70M Homeland Security Contract by Latin American Customer (Globes)
Israeli defense electronics company Elbit Systems has been awarded a $70 million contract by a Latin American customer to supply the Hermes 900 Unmanned Aircraft System and an intelligence gathering system.
U.S. Navy Buys Israeli Therapy System to Treat Vets – David Shamah (Times of Israel)
The U.S. Navy will be using an Israeli-developed transcranial magnetic stimulation system to treat patients with a range of psychological conditions, including post-traumatic stress disorder (PTSD), stress, major depressive disorder, and others.
The Navy has ordered several Deep TMS therapy helmets made by Jerusalem-based Brainsway. The device applies brief magnetic pulses to the brain.
Studies have shown TMS to be effective in a number of neurological, psychiatric and medical conditions.
U.S. Firm LivePerson Employs 400 in Israel – David Shamah (Times of Israel)
Rob LoCascio is CEO of LivePerson, a U.S. company that provides help services for online businesses in the form of help chat services, analytics, and other forms of customer engagement.
LoCascio says the company remains committed to Israel because of the high quality of work LivePerson gets out of its workers here.
“We’ve been in Israel for fifteen years,” LoCascio said. “We are in Israel by choice – and not because of any ethnic, religious, or political ties.”
P2P Lending Giant Prosper Acquires Israel’s BillGuard – David Shamah (Times of Israel)
Israeli start-up BillGuard, which provides a crowd-driven platform to help consumers protect their money, is being acquired by Prosper Marketplace for $50 million.
BillGuard was the first service that enabled users to keep track of their financial transactions and alert them to possible fraud events across financial institutions and systems.
Prosper, with $4 billion in loans over the past four years, is the biggest platform in the U.S. that connects individual lenders with borrowers.