IAI opening cyber-security R&D center in Singapore
Israel Aerospace Industries is opening a cyber-security research and development facility in Singapore with support from the city-state’s economic development authority. Although the center is initially expected to employ only a handful of employees, IAI’s cyber-security division director, Esti Peshin, said a number of Southeast Asia countries, including Singapore, have been the targets of cyber attacks: The presence of an IAI R&D center there will give the company a competitive advantage in vying for customers in the region. Peshin, who served in the Israel Defense Forces’ cyber intelligence unit, joined IAI in July 2013 and established the company’s cyber-security division, which has begun developing products for the sector. Most of its current staff worked in the field in other IAI divisions.
Lawyer in Waze sale strikes out on his own
The lead lawyer for Waze in its billion dollar sale to Google announced Thursday that he is leaving the major firm of GKH to open a boutique law office specializing in the high-tech sector. Nitzan Hirsch-Falk joined GKH in 1999, and since 2005 had headed its high-tech legal practice team of about 40 lawyers. He is expected to take several of the lawyers in the practice group with him, although he declined to comment for this report. This month, Hirsch-Falk successfully wrapped a $47 million fund-raising round for software startup Kaltura.
Polycom Israel to lay off 10% of workforce
Polycom, a California-based video-conferencing and voice-conferencing company that has about 250 employees in Israel, will be laying off about 25 staff here. The move comes as part of plans the company announced to downsize its global workforce by 6% (about 230 people). Most of the layoffs are to be carried out during the first quarter of this year. The company has research and development and sales offices in Petah Tikva. It closed an R&D facility in Yokne’am in the north in 2008. In 2000, Polycom acquired the Israeli company Accord Networks in a $340 million deal.
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