Riverbed looking to expand by buying Expand
Riverbed is looking to develop its WAN optimisation product line by buying its competitor, Expand Networks.
The Israeli Globes media outlet reports that advanced negotiations are under way, although neither company would comment.
Motorola buys Internet TV Firm BitBand
Motorola Inc. on Monday said that it would buy privately held BitBand, an Israel-based video-on-demand technology provider, to expand its home video business.
Motorola said it would integrate BitBand into its Home and Networks Mobility unity, for which the company has reportedly been looking for a buyer willing to pay $4 billion to $5 billion.
In-game ad co Double Fusion cuts workforce 15%
Sources inform ”Globes” that in-game advertising company Double Fusion Inc. is firing 15% of its employees. The company has 35 employees. Headquartered in San Francisco, it has an R&D center in Israel, and offices in Los Angeles, New York, and London.
Three Israeli entrepreneurs founded Double Fusion in 2004 at Jerusalem Venture Partners’ JVP Media Studio incubator in Jerusalem: CTO Hillel Rom, Ofer Rundstein, and Guy Bendov. Jonathan Epstein is the CEO.
He is a former General Partner at Google Ventures (GV) in Europe, former head of Google for Entrepreneurs in Europe, and founding head of Campus London, Google's first startup hub. Eze writes on Israeli tech, venture capital, artificial intelligence, and founder strategy.
He is also the founder of Techbikers, a nonprofit that brings together the startup ecosystem on cycling challenges in support of Room to Read.
