Israel Newsletter News Roundup 6/24/2007

Written by: Zack Miller | June 24, 2007

NICE (NICE) in talks to buy Actimize for a reported $280MM. Actimize provides enterprise-wide software solutions for brokerage compliance, anti-money laundering, and fraud prevention. Actimize competes with ECtel (ECTX). Read what we’ve said about HP’s intentions to get into this market via an ECTX acquisition.

Arkady Gaydamak buys corporate parent of IsraelNewsletter favorite, Willi Food (WILC). Reuters has the story. Willi Food is selling a 45% stake to the billionaire and traded up 30% in Israeli trading on Sunday (note: Gaydamak is buying the parent company Willi Foods of which WILC is a subsidiary). We’re following the so-called Gaydamak Index closely…

Cramer bullish on Given Imaging (GIVN). Given Imaging has a product that could revolutionize the health care industry, Jim Cramer told viewers of his “Mad Money” TV show on Speculation Friday. Cramer likes the PillCam product, a “camera in a pill”, which he thinks should start generating revenues a couple of years out. IsraelNewsletter.com’s Aaron Katsman has written positively on Given. Read his thesis here.

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