Tech Watch: Ness buys Innova; Leadcom wins $15m. African pacts

Headquartered in the US and India where it employs 700 people, Innova focuses on financial services, which is a strategic growth point for Ness.

February 7, 2006 07:21
1 minute read.
tech watch 88

tech watch 88. (photo credit: )


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Tel Aviv-based Ness Technologies Inc. said Monday it agreed to buy IT services provider Innova Solutions for $25 million, of which $10m. will be paid over the next two years based on the achievement of certain performance goals. Headquartered in the US and India where it employs 700 people, Innova focuses on financial services, which is a strategic growth point for Ness. On completion of the deal, expected before the end of March, Innova will change its name to Ness Financial and Business Innovation Services. Leadcom Integrated Solutions Ltd. won new contracts in Tanzania and Liberia valued at $15m., to plan, design, supply and implement telecom sites, and supply microwave transmission equipment. Integrated circuits manufacturer Tower Semiconductor Ltd., has begun the production of wireless LAN products for Atheros Communications, Inc., a developer of advanced wireless solutions, at its Fab2 facility in Migdal Haemek. Samsung Electronics Co., the world's largest maker of computer memory chips, and its nearest rival Hynix Semiconductor Inc. said they raised prices to their biggest customers this month amid a shortage, Bloomberg reported. Personal computer makers don't have enough memory as suppliers including Samsung and Hynix shift away from personal computers to make more chips for consumer electronics. Spot prices of the benchmark computer memory chip, which fell 66 percent last year, have surged 38% this year, according to Taiwan-based Tel Aviv-based start-up Nemesysco launched its HR1 application, which it claims is the first commercial human resources product in the world to use quantitative voice analysis to evaluate employee integrity and credibility. Ra'anana-based NICE Systems and US-based Avaya Inc. have agreed to extend the scope of their collaboration to deliver the benefits of IP contact centers to businesses. The extended alliance will include developing a joint offering of applications, working on strategic marketing initiatives, and increasing resources to leverage shared business opportunities. Netanya-based Siano Mobile Silicon, a fabless manufacturer of integrated semiconductor receivers for mobile digital television (MDTV), said it will make the European debut of the first multi-standard receiver for MDTV in Stand G50 at the 3GSM World Congress, taking place February 13-16 in Barcelona.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection