TechNation Rafael Group Wins Cyber Authority Tender

William Hill launches gambling accelerator; El Al Boston route a boon for high-tech.

A mock cyber attack scenario. Israel is an emerging power in the cyber security market.
A mock cyber attack scenario. Israel is an emerging power in the cyber security market. Credit: AP

Rafael group wins cyber authority tender

The state-owned arms-development company, Rafael, is leading a group that won a tender Monday to provide information technology and other advanced services for Israel’s new unit for fighting cyber threats. Ariel Karo, who heads Rafael’s cyber division, said Monday that the others in the group include the U.S. companies IBM, EMC and Cisco, as well as Israel’s Matrix. The National Cyber Authority is being set up to help Israeli companies and government bodies to identify and cope with cyber attacks. “The aim is to bring Israeli and international experience and knowledge with unique tools that will enable us to create additional layers of protection that do not exist at present because the threats are evolving all the time,” said Karo. (Ora Coren and Amir Teig)

William Hill launches gambling accelerator

William Hill, one of the world’s leading gaming companies, last week launched the first technology accelerator dedicated to gambling technology, with sites in Tel Aviv and London. The British company said it set up WHLabs together with the technology entrepreneur Stuart Marks’ investment fund L. Marks. It will offer up to eight tech startups a place in a 12-week program from September, each startup receiving an initial investment of 25,000 pounds sterling ($39,300) and office space in William Hill’s digital innovation hubs in Shoreditch, East London, or in the Tel Aviv office. “Our industry is ripe for further disruption and through our WHLabs Accelerator we will nurture the next generation of technology startups,” said Andy Lee, managing director of William Hill’s online business. (TheMarker Staff)

El Al Boston route a boon for high-tech

El Al Airlines Tel Aviv-Boston route, inaugurated this week, will be a boon for Israeli high-tech, creating a direct link between Startup Nation and one of the U.S.’s leading high-tech centers, the Boston Business Journal reported. It quoted Udi Mokday, CEO of the Israeli company CyberArk, as saying the new route would make it easier for employees to travel back and fourth between the company’s Massachusetts headquarters and its Israeli research and development offices. Businesses with Israeli founders accounted for seven of the top 25 largest venture-capital deals in Massachusetts last year. “Now, more companies can decide to headquarter here in Boston versus go to Silicon Valley or elsewhere,” Mokady said in an interview. (TheMarker Staff)

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