A British private equity firm, EMK Capital, buys a majority stake in the Israeli company Luminati, described by the business journal Globes as the “enterprise proxy network division” of the Israeli company Hola Networks.
The Netanya-based Luminati is valued by the sale at some $200 million (NIS 717 million), the journal reports.
The exit is valued at well over $100 million, as EMK is buying a “large majority” stake, the report says.
Globes explains the company’s activities thus:
Luminati is an IP proxy network for businesses. With a proprietary network of over 30 million residential IPs and large network of data centers, Luminati enables businesses to see the internet as real consumers do. The technology behind Luminati has been developed over 8 years.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Thursday, August 10, 2017
Add ToI as a Preferred Source on Google
