Business brief
Cybersecurity M&A and AI Energy Deals Lead Israeli Corporate Activity
Visa acquires BioCatch for $2.4B while Enlight, Tower, and Wix report strong earnings momentum.
Business
Visa's $2.4 billion cash purchase validates behavioral biometrics as an essential defense layer for global digital banking networks.
BackgroundBioCatch analyzes user keystrokes and device gestures to detect behavioral anomalies without adding friction for legitimate banking customers. Private equity firm Permira took control of the company in 2024 alongside minority shareholders.
- Visa will acquire BioCatch for $2.4 billion in cash from Permira, allowing the business to operate standalone within Visa Value-Added Services.
- The company reported 43% annual recurring revenue growth in 2025 as major retail banks expanded automated behavioral fraud detection.
- BioCatch will retain its primary research center in Tel Aviv, keeping core engineering operations in Israel under Visa ownership.
Business
AI infrastructure energy demands are driving long-term utility contracts and revenue upgrades for clean energy developers.
BackgroundEnlight develops utility-scale solar, wind, and storage assets across Israel, Europe, and the US as a dual-listed clean energy developer. High-density AI workloads require massive dedicated power supplies, turning tech giants into primary clean energy off-takers.
- Q2 revenue rose 56% to $210 million while Adjusted EBITDA surged 67% to $160 million, beating analyst projections.
- Growth was propelled by a long-term power purchase contract supplying clean electricity directly to Google's expanding AI infrastructure.
- Management raised 2026 revenue guidance to $790M–$820M, signaling confidence in utility-scale execution across North American markets.
Business
Surging demand for silicon photonics chips in cloud data centers is driving record revenue expansion for specialty chip foundries.
BackgroundTower operates specialty analog semiconductor foundries producing custom chips for automotive, industrial, and optical communications customers. Silicon photonics chips transfer data via light rather than electricity, making them vital for high-speed cloud compute clusters.
- Net profit reached $91 million for the quarter, yielding a 20% net margin as high-value analog chip manufacturing expanded.
- Management issued Q3 revenue guidance of $520 million, representing 31% annual growth driven by data center infrastructure buildouts.
- CEO Russell Ellwanger cited sustained demand across optical communication architectures and advanced power management platforms.
Business
Executive compensation increases proposed shortly after workforce reductions are testing institutional shareholder governance policies.
BackgroundTel Aviv-based monday.com builds cloud enterprise workflow software used by global teams to manage projects and internal ops. Enterprise software vendors have adjusted headcount over the past year to reallocate corporate spending toward automated workflow tools.
- Co-CEOs Roy Mann and Eran Zinman proposed a revised pay structure that could double potential total compensation to $14.6 million each.
- The compensation proposal follows a major corporate restructuring that eliminated roughly 600 employee positions.
- Institutional shareholders will vote on the proposed executive pay package during an upcoming general meeting on August 6.
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