TechNation: Israel’s Telecoms Market Shrank 4% in Revenue Terms 2015

Twistlock raises $10 million for cloud security.

A woman walks past a branch of Cellcom, Israel's No. 1 mobile phone operator, in Tel Aviv, Israel, in this file picture taken January 28, 2014.
Reuters

Israel’s telecoms market shrank 4% in revenue terms 2015 

The Israeli telecommunications market contracted by 4% last year as measured in revenue to 21.3 billion shekels ($5.5 billion). Mobile network operators and international call providers accounted for the brunt of the decline, figures obtained by TheMarker from the Communications Ministry showed. The revenue of cellular carriers, which have been falling since the 2012 government-ordered industry shake-up, dropped 8.5% last year, although at 9.5 billion shekels it remains the biggest segment. Revenues from international calling plunged 10%, as Israelis increasingly relied on free services such as Skype and WhatsApp. Internet service providers saw their revenues edge down 0.3%, mainly due to stiff competition among the country’s 10 providers. Revenues from traditional landline phone service dropped 1.5%, while those from multichannel television were unchanged. The only segment to show growth was internet infrastructure, a duopoly controlled by Bezeq and Hot Telecom, which saw revenues rise 7%. (Amitai Ziv) 

Twistlock raises $10 million for cloud security

Twistlock, a cloud security startup, said last week it had completed a $10 million funding round led by TenEleven Ventures of San Francisco. Another new investor, Rally Ventures, jointed the round as did existing backers YL Ventures and an unnamed strategic venture firm. Founded last year by CEO Ben Bernstein and Vice President for Research and Development Dima Stopel, Twistlock provides security for a technology called virtual containers, which wrap software in a file system that contains code, runtime, system tools and anything that can be installed on a server to ensure the software runs the same regardless of its environment. The company has moved its headquarters to San Francisco but maintains an research and development center in Herzliya. “The Twistlock team has accomplished an impressive rookie-year record — acquiring new customers, some of which are the world’s largest enterprises, on a weekly basis,” said Alex Doll, founder of TenEleven, who is joining the Twistlock board. (TheMarker Staff)