Matrix is really Hungry

Matrix just bought 60% of Tangram-Soft for over NIS 15 million, plus another few million they will be investing in the company.

Cheap Labor

Matrix purchased controlling interest in the Bulgarian outsourcing company owned by Unicoders for 2 million dollars, getting in return 150 new employees. Matrix made the purchase through their subsidiary Net-Shore.

Of course the Bulgarian company was actually formed by 2 Israelis.

Talk about convoluted

Aeronautics is a defense company that makes UAVs and airborne based surveillance cameras.

Aeronautics was purchased by Avi Shaked for his children who want to get into the other family business (not gambling).

But who in the world did he actually buy it from?

Mizrachi-Tfachot Gaining Ground

Bank Mizrachi is working hard to position themselves as a serious lender in the Israeli market.

It began with their purchase of Bank Tfachot, for their mortgage department. Now they are going to acquire 50% of Bank Yahav from Bank Hapoalim- hoping to acquire a government tender to supply loans to civil servants.

Bank Yahav is a widely used bank for civil servants.