TechNation / Tech Job Demand Stayed Strong in the Third Quarter

Cyber startup Sentinel One lines up $29 million in funding; Students say high-tech companies are their preferred employers; Messaging startup Odysii sold to U.S. firm.

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The Tel Aviv offices of an Israeli startup. Entreneurs don't draw a large salary until the company gets on its feet.
The Tel Aviv offices of an Israeli start-up.Credit: Moti Milrod

Tech job demand stayed strong in the third quarter

High-tech demand for staff remained strong in the third quarter, despite the global wave of layoffs in the industry, which has impacted multinationals operating in Israel. Unemployment agency Ethosia said this week that the number of job openings grew in the third quarter, compared with a year ago, and salaries have climbed. The number of openings jumped 12% for software and Internet professionals, 6.5% in the life sciences and between 1% and 4% for medical devices, pharmaceuticals, semiconductors and telecommunications, Ethosia said. Salaries for mobile developers led gains for the quarter, rising 1.5% from the third quarter, while software and Internet developers and marketing managers enjoyed increases of 1.3%. “In the areas now regarded as hottest, it hasn’t been unusual for job seekers to find a positon within a few days from the moment they decided to look for a new job,” said Adi Ironi, Ethiosia deputy CEO. (Amir Teig)

Cyber startup Sentinel One lines up $29 million in funding

Just a day after Cybereason said it had raised $59 million, another Israeli cyber startup also announced a giant fundraising. SentinelOne, an Israeli-U.S. company with innovative antivirus technology, said Tuesday it had raised $25 million from a group led by Third Point Ventures. Existing investors Tiger Global, Data Collective, Granite Hill Capital Partners, Westly Group and new investor SineWave Ventures joined in the round, which brings the company’s total funding since it was founded by CEO Tomer Weingarten and Chief Technology Officer Almog Cohen in 2013 to nearly $40 million. Antivirus tools are some of the oldest computer-security products out there, but SentinelOne cites research that shows the segment is due for a shakeup after high-profile attacks on Sony and JPMorgan. Proceeds will be used to expand marketing and research and development, and double staffing to more than 100, SentinelOne said. (Amitai Ziv)

Students say high-tech companies are their preferred employers

Israeli students aspire to work for high-tech companies after they graduate, even if they are not studying engineering or science, a survey by the business research company CofaceBdi found. The top choice is Google, followed by Intel, Teva Pharmaceuticals and Microsoft. Bank Leumi and Bank Hapoalim were five and six on the list, but Facebook was eighth. Not surprisingly, 88% of science students and 74% of those studying engineering aimed to get a high-tech job, but so did 38% of those studying economics, business and accounting. More than 42% of law students also aspired to a job at a high-tech company as did 38% of all medical students, the survey by CofaceBdi found. “Today students choose a major in order to acquire a broad education, not just to work in a particular fields,” explained Tehila Yanai, CofaceBdi’s co-CEO. (Tal Heruti-Sover) 

Messaging startup Odysii sold to U.S. firm

Tel Aviv-based Odysii Technologies, which developed an analytics and consumer messaging platform for use by retailers, is being acquired by the U.S. company Gilbarco Veeder-Root. The sum wasn’t disclosed, but the financial daily Globes put it at $40 million. The acquisition comes three years after the two companies formed a strategic partnership, with Gilbarco selling the Odysii platform under the name of Impulse. Gilbarco provides sales and marketing technology for filling stations and convenience stores. The technology alerts customers to a store’s promotional calendar, including store specials, loyalty information and discounts, based on real-time analytics. CEO Adi Eyal and Yair Goldfinger, the latter one of the people behind the world’s first messaging platform ICQ, which was sold to AOL for $400 million in 1998, founded the company in 2003 as TVeez. Odysii will be wound into Gilbarco’s organization as a new division operating from its existing facility in Tel Aviv. (TheMarker Staff)

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