Business in Brief: Leumi Card raises $300 million in private bond offering

Check Point Software Q3 eminence up, acquires cloud confidence organisation Dome9

The Tel Aviv-based network confidence provider Check Point Software Technologies reported third entertain net boost Wednesday that kick expectations and also announced that it has acquired Israeli cloud confidence organisation Dome9 to strengthen a position in a field. Check Point warranted $1.38 per diluted share incompatible one-time equipment in a quarter, adult from $1.30 a year earlier. Revenue grew 4% to $471 million, a association said. “Third entertain formula reached a tip finish of a projections, with improved than approaching strength entrance from a U.S. and Europe,” CEO Gil Shwed said. Check Point is profitable $175 million in money for Dome9, a association founded in 2011 that enables confidence and correspondence for fast open cloud adoption and has annual revenues of $10 million. Check Point will be profitable a squeeze cost for Dome9 from a $4.1 billion in money that it has during a disposal. Prior investors in Dome9, that had lifted $25 million adult to now and has only over 100 employees, have enclosed Japan’s SoftBank and Opus Capital. (Reuters and Yoram Gabison)

Leumi Card raises 1.1 billion shekels in private bond offering

Bank Leumi’s Leumi Card credit label auxiliary wrapped adult a private bond charity to institutional investors Tuesday that lifted 1.1 billion shekels ($300 million). The initial devise was to offer 500 million to 1 billion shekels in bonds, though in a end, a charity was extremely oversubscribed, attracting 2 billion shekels in bids from 60 financial institutions. The supports generated from a charity are approaching to be used in partial to financial a special 500 million shekel division to Bank Leumi itself before a send of tenure of a credit label association to a Warburg Pincus private equity firm. The sale of Leumi Card to Warburg for 5.2 billion shekels, that was concluded in July, was a outcome of legislation requiring a bank to spin off a credit label operations in an bid to boost foe in a sector. Leumi Card, that has released 2.2 million credit cards temperament possibly a Visa or Mastercard brand, had revenues of a billion shekels for a 12 months finale on Jun 30 and net boost for a duration of 173 million shekels. (Yoram Gabison) 

Leading indexes adult on a TASE 

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The benchmark TA-35 index gained 0.5% in trading  on a Tel Aviv Stock Exchange Wednesday, shutting during 1,591.49 points, while a broader TA-125 index was adult 0.6% to 1,436.88 points. Trading volume for a day was 1.1 billion shekels ($299 million). The tip gainer in equity trade was AudioCodes, a manufacturer of voice over internet custom products, whose share cost jumped 14% to 44.45 shekels. The eminence as a largest crook for a day went to biopharmaceutical organisation Opko Health, a share cost of that declined by 4.6% to 12.25 shekels. Bank Leumi was a many active batch with turnover of 104 million shekels. Its shares sealed down 0.6% during 23.20 shekels. The U.S. dollar rose opposite a shekel. The deputy rate of a greenback was set during 3.680 shekels and continued to conclude in value after a rate was set. The euro declined 0.51% to a deputy rate of 4.192 shekels. (TheMarker)