JTA NEWS
11 December 2017 - 23 Kislev 5778 - כ"ג כסלו ה' אלפים תשע"ח
JTA NEWS :
Business
Chinese Government leases more Tel Aviv office space for cultural centre E-mail

The Chinese Government has signed a lease for 1,015 square metres in a new building at 30 Habarzel Street in the Ramat Hahayal industrial zone in Tel Aviv, the same neighbourhood in which the Chinese embassy is being built.

The site, already in the advanced stages of construction, was purchased by Amot Investments Ltd from the Taiber family last November for NIS 250 million.

The Chinese Government will pay NIS 20 million for the lease, including NIS 14.5 million in rent and payments for adjusting the building to its needs, and will establish a cultural centre there. The lease was negotiated by the Chinese Ministry of Culture and the Chinese cultural attaché in Israel, Wan Ting. The Chinese Government acquired the Comverse Inc. building for its embassy 18 months ago, paying NIS 200 million.

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Ben Gurion airport named among world’s top ten E-mail

Online travel agency eDreams recently named Ben Gurion airport in Tel Aviv one of the top ten airports in the world, and #1 in the world for shopping.

eDreams evaluated more than 65,000 reviews submitted by its customers in 2016 to create the ranking, which highlights 10 airports, taking into account their global quality. The top three airports in the categories of waiting areas, shopping and restaurants were also named. The other airports that made the top ten were: Helsinki-Vantaa, Glasgow International, Zurich, Munich F J Strauss, Frankfurt, Geneva, Bangkok International, Oslo Gardermoen and Dublin.

Ben Gurion was listed as the best airport for shopping. A website allows travellers to check out prices and special offers at some of the stores before they arrive at the airport.

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Frutarom acquires Vietnamese company WFF E-mail

Israeli flavours and natural specialty fine ingredients company Frutarom Industries Ltd announced recently that it has acquired 60% of the Vietnamese company Western Flavors Fragrances Production (WFF) for US$1.3 million.

The purchase agreement includes an option to purchase the balance of WFF shares within four years from completion of the transaction, at a price based on the future business performance of WFF. The transaction, to be financed through independent means, will be completed soon. WFF has annual sales of US$1.5 million. This is Frutarom’s third acquisition in 2017 – it has already bought the French company Rene Laurent for US$23.5 million.

WFF was founded in 2003, has 44 employees, and develops, produces and markets flavours, mostly sweet flavours, with an emphasis on dairy, beverages, confectionery and baked goods. The company has a broad portfolio of products and around 300 customers from among the leaders in their fields in Vietnam. WFF has a plant and laboratory in Ho Chi Minh City and a sales and a marketing office in Hanoi. Frutarom intends to build a modern new flavours plant in Ho Chi Minh City that will enable it to significantly expand its activity in the Vietnamese market and in the growing countries of the region.

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Chinese companies bid to operate Tel Aviv light-rail transit system E-mail

Three Chinese groups submitted bids in April to NTA Metropolitan Mass Transit System Ltd in the tender to operate the Greater Tel Aviv light-rail red line.

All the groups are IsraeliChinese partnerships, after German company Deutsche Bahn and French company SNCF withdrew. The tender is to operate the railway between Petah Tikva and Bat Yam for 10 years, with an option for six more years.

The groups filing bids were Egged Israel Transport Cooperative Society Ltd, together with China Civil Engineering Construction Corporation (CCECC) and Shenzhen Metro; Dan Bus Company, in partnership with Beijing Metro; and Derech Eretz Highways, in partnership with Guangzhou Metro. The winner is scheduled to be announced in August 2017.

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Japan’s Softbank invests in Dome9 Security E-mail

Israeli cloud infrastructure security Dome9 Security recently announced the close of a US$16.5 million Series C financing round, led by a new investor Japan’s SoftBank Corp.

Existing investors also participated in the round, bringing the total funding raised by Dome9 to US$29 million. Previous investors include Opus Capital, JRR Partners, JAL Ventures and Lazarus Israel Opportunity Fund. The funds will be used to boost global business growth fuelled by strong traction in the enterprise market.

As part of the agreement, SoftBank will be the leading distributor of the Dome9 Arc cloud infrastructure security platform in the Japanese market, enabling organisations running workloads in cloud environments to manage security, compliance and governance efficiently.

The company is now headquartered in Mountain View, California, and its development centre, with 50 employees, is in Tel Aviv. CEO Zohar Alon and CTO Roy Feintuch founded the company in 2011.

The Dome9 Arc SaaS platform allows customers to simplify security operations and speed up compliance in their public and multi-cloud environments.

Dome9 Arc is the only cloud security solution to offer native, API-enabled integration with Amazon Web Services (AWS), Microsoft Azure and the Google Cloud Platform (GCP), as well as an agent-based approach that extends the Dome9 platform to other public clouds and onpremises cloud deployments.

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