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Ra'anana-based Emblaze Group said Tuesday it plans to close its Emblaze Systems unit and fire 20 workers.
The move comes shortly after the group bought Vcon Technologies in August, which had absorbed 40 workers from Systems. Following the realignment Emblaze would be left with 600 workers spread across its five subsidiaries - Adamind, Visual Defense, Orca, Emblaze Mobile, and Emblaze Vcon.
Separately, Emblaze's Visual Defense unit said it has bought the division of Accent Technologies that specializes in providing security systems for the banking sector through its Dvir product. Industry sources estimated the value of the deal at $500,000. Visual gains entry into the banking sector in Israel where Dvir is used in some 1,000 branches. Visual previously had provided its communications systems only to the homeland security and defense markets. Visual said it would hire new staff to add to its current 15 employees, including those gained in the deal.
Mobile content distributor Ki-Bi Mobile Technologies Ltd. has signed a deal with UK-based cellular retailer The Carphone Warehouse to provide 100,000 "specially created" CPW branded Ki-Bi cards. The Tel Aviv company will supply CPW with two types of cards which present gifting opportunities through text and voice messaging. An anonymous SMS card enables users to send a selection of SMS pick-up lines to the object of their affection while the second card allows consumers to customize the card's content with a selection of their own recorded greetings and clues to their identity.
Ashdod-based RadarSync, Ltd. is making available to the public, at no charge, its Internet-based scanning product which assists users in keeping their PCs up-to-date and identifying which of their device drivers and software applications need upgrades. The service, which previously required a registration process, takes less than a minute and, according to the company, is certified to be free of spyware and adware.
Software company Retalix Ltd. has partnered with Chile-based Belltech to market and support Retalix POS, store operations and replenishment solutions in Argentina, Chile and Peru. As part of the agreement, Belltech has formed a special retail team to handle the sales and support of Retalix solutions in those countries.
On the analyst front, Nice Systems, a multi-media business intelligence company, received positive reviews after last week's stock offering left the company with $385 million in cash. CIBC raised its price target on the stock to $60 from $53, saying it sees "no justification for the discount" on its shares with the overhang of the offering gone. Deutsche Bank, which cut its target to $55 from $57 but still rates the stock a "Buy" expects Nice to use proceeds from the offering for one or two possible acquisitions next year. J.P. Morgan, meanwhile, started coverage of the stock with an "overweight" rating, saying the company's leadership position in business and security intelligence looks "formidable."
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