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Snaptu, the app store for feature phones
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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds
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5min Wins Top Spot in TechAviv’s Peer Awards

TechAviv, the members-only meetup group for Israeli start ups, has concluded its starup competition the "TechAviv Peer Awards". The top spot was awarded to Israel's 5min.com,the leading online platform for how-to, instructional and knowledge videos, which was crowned as the most promising Israeli web start up in 2009. Colnect was a close runner up.