U.S.-Israeli Information Security Firm ForeScout Makes Its Nasdaq Debut

TechNation | Yes launches Sting TV budget multichannel television service ■ Partner declines communications minister’s request to defer laying of fiber-optic network

U.S.-Israeli information security firm ForeScout makes its Nasdaq debut, October 28, 2017.

Yes launches Sting TV budget multichannel television service

The Yes satellite television service provider launched its discount Sting TV service on Monday, offering 34 channels and modular pricing, allowing the customer to tailor-make a plan at rates beginning at 29 shekels ($8.20) per month for science and nature programs and including a 67-shekel sports package. Other content includes movies, children’s programming, television series and documentaries. The family package is 99 shekels per month. The equipment needed for the service will be installed by the customer and customer service will be provided only via online chat. The service is made available through an Android device that can be hooked up to regular televisions and other devices, including tablets and smartphones. The duopoly that Yes and cable service provider Hot had maintained was broken in 2014 when Cellcom entered the market with a 99-shekel monthly package, followed later by Partner with a 69-shekel monthly package. Hot has its own budget service, Next Plus, as well. Full-priced satellite television service on Yes is 229 shekels a month plus VAT. (Amitai Ziv) 

U.S.-Israeli information security firm ForeScout makes its Nasdaq debut

The share price of the American-Israeli information security firm ForeScout Technologies rose 15.9% on its first day of trading on the Nasdaq exchange on Friday, ending the day at $25.50, up from an opening price of $22. The initial public offering generated $116 million for the company after it boosted the number of shares from 4.8 million to 5.28 million. The California-based company, which has its development center in Tel Aviv, was founded in 2000 by six people including its chairman, Hezy Yeshurun, a computer science professor at Tel Aviv University; its VP for technology, Oded Comay; and Dror Comay, its chief architect. Its CEO, Michael DeCesare, is the former president of the tech security firm McAfee. ForeScout, whose Tel Aviv development center employs about 170 of the company’s total staff of 800, does not offer a replacement to existing security technologies but instead seeks to connect them. It is able to work with 70 different products, obtaining data from them and addressing threats. In the first half of the year, ForeScout had revenues of $90 million, up 30% from the period last year, and losses of $46 million, due primarily to high sales and marketing expenses. (Omri Zerachovitz) 

Partner declines communications minister’s request to defer laying of fiber-optic network

Communications Minister Ayoub Kara called Partner Communications CEO Isaac Benbenisti on Thursday to ask the Partner chief to have his company hold off laying a fiber-optic network so that an agreement can be worked out with Bezeq Communications, the country’s dominant communications company. Benbenisti refused Kara’s request, saying that his company intends to push ahead with its own network, and promising that it would be coordinated with the ministry and with Bezeq. Partner’s investment in a fiber-optic network poses the threat of competition to Bezeq, and last week dozens of Bezeq employees sought to disrupt the laying of fiber-optic cables for Partner. The company chose another supplier to do the work rather than Bezeq employees, apparently due to the shorter time frame the other supplier was offering as well as the price. On Monday, Bezeq offered to temporarily lower the standard price it charges for laying fiber-optic cable to meet Partner’s supplier’s price. Bezeq had been charging up to three times more. (Amitai Ziv)