Friday, June 13, 2014

[Calcalist]: Flash Networks Fires 25 Employees

Asaf Gilad reports to Calcalist [here, Hebrew] that "Following the acquisition of Mobixell [for $15M, see "No Longer a Rumor: Flash Networks Acquires Mobixell" - here], Flash Networks initiated a process of letting 25 of its Israeli employees go.. the employees are from both companies and all ranks .. in order to reduce redundancies. Flash Networks has 200 employees in Israel and another 100 internationally".   

Flash commented that "Flash Networks acquired its competitor, Mobixell, in the beginning of 2014, and doubled its size dramatically turning it to the biggest vendor of mobile networks' optimization and monetization with over 40% market share [see "Flash Networks (40%) and Citrix (30%) Lead the Mobile Optimization Market" - here]

We are sorry that some employees have to leave .. it is part of the merger process .. the company is going to expand in the coming years into new markets".

source:{Core Analysis} 2014 Market report

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