Israel’s Matrix, an IT service management firm, has acquired fellow Israeli company Zebra Technologies, which calls itself a value-added distributor. Matrix is taking a 70% stake in Zebra for roughly $18.5 million. According to Globes, Zebra has revenues of $70 million per year.
Founded in 2014, Matrix employs about 11,000 people and has a market cap of nearly $1.3 billion on the Tel Aviv Stock Exchange. The company boasts that it has a unit of technology leaders that assist startups & technology companies with complex development challenges.
“We offer a fast lane that will lead you to achieve your goals successfully.”
The Matrix services include:
• Matrix R&D Services – a “special elite squad of 60 talented and experienced developers experts and supreme tech-savvy leaders” (Architects, Software Engineers and more) from high-tech companies and startups.
• Matrix R&D Services – provides “innovative tech solutions, tools, services and in-depth consultancy in” order to assist clients with complex and dynamic technological challenges, processes and tasks in order to fulfill their mission.
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Founded in 2008 by CEO Eli Vudinsky, Zebra Technologies declares that it aims to change the landscape of distribution services, helping to maximize the value for our business partners. The company boasts that it offers their partners a wide range of services, including world-class network and cybersecurity solutions that will provide complete 360-degree security solutions, and meet growing customer demands.
Zebra Technologies CEO Eli Vodinsky said, “Our vision is distribution with real added values for producers. The added values are reflected in the shortening of the process of going to market, in a massive marketing and sales push while actively creating demand and notable logistical and financial advantages. Matrix shares the same view, and provides the widest basket of technological solutions – therefore the connection is natural.”
Moti Gutman, CEO of Matrix, said, “We welcome the joining of Zebra Technologies to Matrix, along with the manufacturers, partners and customers. It is a privilege to add to our ranks a high-quality, successful and professional company, which, like Matrix, consists of highly experienced teams and managers who have been with the company for many years. We are proud to include Zebra under our umbrella, and to provide a complementary envelope for all the company’s needs so that it continues to grow and grow.”