Markets in Brief

SimilarWeb in investment round with Naspers
Israeli web analytics startup SimilarWeb said yesterday it completed a fundraising round from Naspers, marking the first time the South African media giant had invested in an Israeli firm. While SimilarWeb did not disclose how much Naspers had invested, sources told TheMarker it was in the tens of millions of dollars. “This new investment will help us accelerate,” said SimilarWeb, which provides users detailed analysis of website traffic. Founded in 2009 by CEO Or Offer and Nir Cohen, the Tel Aviv-based company has 60 employees. (Orr Hirschauge)

Varonis to raise up to $104 million in U.S. IPO
Varonis Systems, which provides software that lets companies keep tabs on unstructured data in spreadsheets and text documents, said in a revised prospectus that it plans to raise as much as $104 million this week by offering 4.8 million shares at $17 to $19 each. This is lower than the $24.20 it signaled last September. At the midpoint of the range, the initial public offering would give Varonis a market value of $476 million. Varonis, which was founded in 2004, booked $74.6 million in sales last year, a 40% increase over 2012, although its net loss widened to $7.4 million from $5 million. The Israeli-U.S. company plans to list on the Nasdaq under the symbol VRNS. (TheMarker Staff). 

TA-25 rallies in late trading
The Tel Aviv Stock Exchange’s TA-25 index rallied in the final hour of trading yesterday to end nearly 1% higher at 1,334.56 points, with banking and telecommunications shares pacing the gains. The broader TA-100 rose 0.9% to 1,236.58 as turnover grew to 1.19 billion shekels ($339 million), it highest level in eight sessions. Among the top gainers, Lev Leviev’s Africa Israel Investments jumped 8.,5% to a close of 8.57 shekels, and Allot Communications rose 3.7% to 59.60 shekels. Teva Pharmaceutical Industries led the most actives, advancing 1.1% to a close of 169.10 shekels on turnover of 122.9 million shekels. Energy shares were down, with Ratio losing 1.9% to close at 47 agorot. Allium Medical rose 3.9% to 16 agorot after completing a 6.7-million-shekel placement of shares with an unidentified private investor at 12.16 agorot each. (Shelly Appelberg)

Ariel Shalit