JTA NEWS
22 November 2017 - 4 Kislev 5778 - ד' כסלו ה' אלפים תשע"ח
JTA NEWS :
Business
Votiro teams up with Netpoleon for Singapore distribution E-mail

Israel-based Votiro, a global provider of solutions that protect organisations against ongoing cyber threats, announced recently that it had signed a distribution agreement with leading security solutions provider Netpoleon Solutions to provide its cybersecurity solutions to the Singaporean market.

Under the agreement, Netpoleon Solutions will distribute Votiro’s products in Singapore, provide customer installation and support, and represent the product in marketing activities and at relevant industry events.

“As Singapore pushes forward towards becoming a Smart Nation, cybersecurity has to become a top priority,” said Itay Glick, CEO of Votiro. “We see great potential in Singapore for Votiro’s solutions to help counter cyberattacks, specifically advanced persistent threats that use undisclosed and Zero-Day exploits.”

Over the next two to five years, the data security market in Singapore is expected to be worth billions of Singapore dollars, due to increasing adoption of mobile, cloud, social and information technology. As Singapore aspires to become a “Smart Nation”, the country has put forth a holistic national cybersecurity strategy, calling for advanced cybersecurity solutions.

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Japan Auction House launches branch at Israel Diamond Exchange E-mail

In November, Israel Diamond Exchange (IDE) President Yoram Dvash met with Anup Agarwal, President of Japan Auction House (JAH), to mark the opening of a branch of JAH in the Israeli bourse.

JAH, part of Indian-based Rich Diamonds, buys preowned polished diamonds from the local market in Japan for sale in auctions, currently in Japan and Hong Kong.

With the opening of the office in Israel, JAH will also hold monthly auctions in Israel, in the International Tender Center that is now being established in the Israeli exchange. In addition to offices in India, Japan and Hong Kong, JAH has branches in Shanghai, Bangkok, New York and Los Angeles. The branch in Israel is managed by Barak Lechter, who was also present at the meeting.

IDE President Yoram Dvash said during a reception in honour of Mr Agarwal that he was happy to welcome JAH to the Israel Diamond Exchange. “I think that this is the perfect place to hold auctions. We look forward to working with you and hope to see you every month. You will see that Israeli diamantaires are very good customers for your auctions,” he said.

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Air India also eyeing Israel fights Print E-mail

With so many Asian carriers currently in the process of launching direct flights to Israel, Air India recently announced a new route as part of its expansion plans.

Air India is to launch flights to Tel Aviv, the carrier’s chairman and managing director Ashwani Lohani has announced. Speaking at the unveiling of the airline’s new mobile application, Lohani said: “We are going to connect Washington, Africa, Tel Aviv and many others.”

Lohani’s announcement comes as no surprise. Earlier this year he met with Ministry of Tourism director general Avi Halevy to discuss direct flights to Israel by Air India. The new route will be more competition for El Al Israel Airlines Ltd, which operates weekly flights between Tel Aviv and Mumbai. The possibility of the new route comes hard on the heels of news that Hong Kong carrier Cathay Pacific will be operating flights between Tel Aviv and Hong Kong starting in March 2017.

(Issue Dec 2016)

 

 
Package tours offered to Hua Hin Print E-mail

EL AL Israel Airlines announced recently that it is launching package tours to the Hua Hin coastal resort in Thailand, in co-operation with Eshet Tours.

The package deals will include an El Al flight from Tel Aviv to Bangkok and back, plus transportation on the twoand–a-half-hour journey to Hua Hin on the Malay peninsula, 200 kilometres southwest of Bangkok.

This is the first of several destinations throughout Thailand that El Al and Eshet will be offering. Thailand is an extremely popular destination for Israelis, but El Al marketing manager Einat Yanai stressed that few in Israel have heard of Hua Hin, which is likely to make the packages attractive. The region around Hua Hin is rich in beaches, nature reserves, markets and resort attractions.

(Issue Dec 2016)

 

 
OurCrowd opens Singapore office for Asian expansion E-mail

Israeli equity crowdfunding company OurCrowd announced recently that it has opened an office in Singapore, its seventh office worldwide. The new office will serve the growing community of Asian investors interested in funding early-stage high-growth companies.

Jerusalem-based OurCrowd has appointed Denes Ban, a successful entrepreneur and technology executive, as Managing Partner Asia and head of OurCrowd’s Singapore management company.

The move follows OurCrowd’s announcement earlier this year that it has partnered with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region.

In August 2016, OurCrowd also received a formal licence from the Monetary Authority of Singapore to begin operating in Singapore.

OurCrowd CEO Jon Medved said: “Asia is one of our fastest-growing markets and following our launch in Singapore, we will be looking to take OurCrowd further into the ASEAN market. Our business in Asia has grown five times since 2014, in terms of both the number of investors on the platform and the amount of investment dollars committed on our platform.”

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