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Three firms vying to recycle old electronics

The competition to recycle old electronics is getting under way weeks before the law mandating recycling goes into effect March 1. European Recycling Platform, a joint-venture company controlled by HP, Sony, Electorlux and Braun, on Monday received official recognition from the Environment Ministry and said it was teaming up with the non-profit group Ecology for the Sheltered Community to offer the service under the trade name Ecommunity. Other players in the new field include MAI, which also received official recognition on Monday and has hired Shalom Simhon as chairman, and will employ people with special needs. A third, Taviv-Green Center, counts former Interior Minister Ofer Pines-Paz among its backers as well as former Bezeq CEO Yitzhak (Avi Bar-Eli)

Startup Implisit raises $3.3 million from Gemini

Implisit, a company whose technology helps corporate sales teams to identify sales opportunities and better forecast results, raised $3.3 million in a first round of financing led by Gemini Israel Ventures. “Today, sales teams are limited in their accurate forecasting capabilities; proper decision-making thus suffers inaccuracies. Implisit’s offering introduces a layer of innovative intelligence,” said Rotem Eldar, a Gemini partner who joins Implisit’s board. Implisit was founded in 2012 by Gilad Raichshtain and Elad Donsky. The company’s 10-person staff operates from offices in Tel Aviv and New York. The proceeds will be used for expanding research and development and marketing. (TheMarker Staff)

AOL names another Israeli to top job

AOL, the Web publisher whose properties include The Huffington Post and TechCrunch, on Monday it had appointed another Israel to a top management position. The company said that Tal Simantov was named vice president of the global video division and will serve under Ran Harnevo, the president of AOL’s video business. AOL sees video as a strategic growth engine in the year ahead and Simantov will be responsible for expanding the offerings on its AOL ON brand. AOL said its Tel Aviv research and development office, which is headed by Hanan Laschover and employs about 80 people, will be adding some 40 new staff. (TheMarker Staff)

Old electronics (illustration)Credit: Bloomberg