Broadcom to acquire Square (US)

Editor Mobile

Broadcom has inked a definitive agreement to acquire Israel-based security software developer Square. Broadcom is expected to pay around US$41.9 million, net of cash assumed, to acquire all of outstanding stock and other equity rights of Square. The boards of directors of the two companies have approved the acquisition. The transaction remains subject to customary closing conditions and is expected …

EditorBroadcom to acquire Square (US)

DigiMo introduces m-payment platform (Israel)

Editor Mobile

DigiMo has launched its mobile payment platform. The service requires no hardware or software modification at either the POS or mobile device itself, whether cell phone, tablet computer, or smartphone. It is ready for immediate deployment worldwide. Consumers who register for the service online, and supply their preferred billing method and phone number, will receive a PIN, after which they …

EditorDigiMo introduces m-payment platform (Israel)

Israeli court orders new auction of Modu patents

Editor Mobile

An Israeli court has ordered Modu receiver Adv. Hanit Nov to hold a new auction for the company’s patents. According to reports, the court accepted the request by Google for a new auction. Kingston Technology won the original auction with a bid of US$5 million, while Google submitted a late bid of US$7 million. Judge Eitan Orenstin dismissed Kingston’s objections …

EditorIsraeli court orders new auction of Modu patents

Alvarion Loss expands on restructuring charges (Israel)

Editor Mobile

Alvarion has stated that its first-quarter revenues dropped by 10.4% to US$46.5 million, and the net loss widened to US$14.5 million from US$4.9 million. The net loss included restructuring and other charges of approximately US$7.1 million related mainly to employee termination expenses and vacating office space. As of March 31, 2011, cash, cash equivalents and investments totaled $69.2 million. According to Eran Gorev, President and CEO …

EditorAlvarion Loss expands on restructuring charges (Israel)

Orange and Partner to review royalties licence agreement (Israel)

Editor Mobile

France Telecom and its Orange licensee in Israel, Partner Communications, have altered their royalties agreement to reflect more accurately France Telecom-Orange’s provision of marketing assistance and support with devices. The licence agreement, entered into on 14 September 1998, with the Orange Brand Services unit, provided for a royalty review period from 1 July 2012 to 30 September 2012 to be …

EditorOrange and Partner to review royalties licence agreement (Israel)