| Moran Shaked, Funder News
Hyper Global (TASE :), the computing solutions company that split from Verified Computing, officially began trading on the Tel Aviv Stock Exchange on Wednesday as an independent public company.
Hyper Global enables technology companies that develop computer-based software products to turn an idea into a product, and accompanies them from the planning stage to reaching the market on time.
The stock is soaring on its first day on the stock market at a rate of 16%, while a true stock (TASE 🙂 is down 0.3%.
Following the decision of Emet Computing to split the OEM (Original Equipment Manufacturer) business from IT operations, Hyper Global was established in order to enable it to focus on its core business – providing solutions to technology companies in Israel and abroad.
As part of the split, the accounts of the eligible shareholders who are credited with shares of Emet Computing shares in the stock exchange member will be credited and each holding in the share will win a Hyper Global share.
Hyper Global has two areas of activity: Israel’s field of activity and field of activity abroad, which the company sees as the engine of future growth. During the first nine months of 2021, revenues in the field of activity in Israel amounted to approximately $ 105 million .
As of December 31, the company has accumulated orders in this segment in the amount of approximately $ 113.5 million. The international operating segment generated revenues of $ 46 million for the company in the first nine months of 2021 and operating profit amounted to approximately $ 3.6 million. In the international sector, orders accumulated on December 31 stood at about $ 82 million.
The launch of Hyper Global as a public company was accompanied by a branding process in which a new design language for the new brand was exposed. The name Hiper is derived from the term High Performance computing, meaning high-performance computing solutions.
The company logo includes a graphic icon consisting of 4 slanted lines that together symbolize a complete holistic solution 360 given to the company’s customers from the development stage until reaching the market. The 4 lines hover as a group in one direction and symbolize dynamism, and forward movement.
Looking at the icon that clings to the logo you can see an interesting twist that creates the letter H of the hyper. The slogan chosen for the brand is The Power to Outperform – Hyper Global enables its customers to develop groundbreaking technological products. Accelerate Time to Market and increase their competitiveness. The logo and slogan are part of the brand design language chosen for the new brand.
Shahaf Sherger, CEO of HIPER Global (pictured above):
“The split of the OEM division’s operations from Emet Computing and its transformation into an independent company traded on the stock exchange is a significant milestone in the company’s development. In recent years, we have evolved from a company active in the Israeli market to a global company. The split will allow us to continue the pace of growth we have shown so far while diversifying revenues outside Israel. Equally important, it will allow us to continue to focus on providing solutions in a variety of geographical areas, in order to enable our customers to get closer to the target markets in which they operate and maximize their competitiveness. The many experience and capabilities we have developed in working with the demanding Israeli high-tech market will enable Hyper Global to replicate the DNA, which has proven itself in the Israeli market in the company’s branches abroad and thus become a force multiplier in the global arena. “
Yoram Neumann, President of the Company:
“As part of the company’s growth strategy, we will continue to develop the technological leadership in organic growth vis-à-vis the local high-tech market and at the same time accelerate overseas growth organically and through additional acquisitions in the US and other geographic areas, deepening our global deployment and capabilities.”
The article was first published on the FUNDER website.
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