12 Israel-related technology headlines from the week of December 21, 2008

December 28, 2008 by Lisa Damast
Filed under: Cleantech, Company Briefs, Industry pulse, Information Technology, Mergers and Acquisitions, Software, Uncategorized, VC, virtualization

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Despite reports that thousands of IT workers in Israel will lose their jobs in the coming months, Israeli companies seemed unfazed by economic woes during the week of December 21, 2008 which saw a lot of investment and M&A activity. Several deals were also made, including Mobileye landing a $150 million contract for its on-board Driving Assistance Systems and cleantech incubators from Israel and California signing a water deal. For these stories and the rest of the 12 headlines from the past week, check below.

Cleantech

1. Clean Tech Incubators from Israel and California Sign Water Deal

2. Algae in the Air: 5 Startups Turning Algae Into Jet Fuel

Investments and M&A

3. Scopus Video Networks acquired by Harmonic for $86 million

4. Runcom Technologies Ltd. to Invest in IXI Mobile, Inc.

5. Provigent Continues to Accelerate Growth — Secures $10 Million in Fifth-Round Funding

Information Technology

6. Business Transaction Management in the News (Correlsense)

7. Nokia to sell security business to Check Point

8. Imperva Achieves Compliance with Key US and Canadian Government IT Security Standard

Miscellaneous