Gix

Company Overview

Snapshot

Founded in April 2013 by Aviv Berkovitch, Gix operates with 1–10 employees. The company has raised $5 million across three funding rounds and has acquired seven companies to date. Gix became public on TASE in April 2013.

Business overview

Gix is an internet technology company focused on online marketing, developing algorithmic tools to automate and optimize digital advertising campaigns. Its software solutions enable small businesses to market and advertise effectively on major platforms such as Google, Facebook, and Twitter. The company operates within the Business Software sector, specifically in Sales & Marketing Solutions and Advertising Platforms.

Strategic signal

In October 2021, Gix completed the acquisition of Cortex Group for approximately $11 million. This strategic move expanded Gix's media-tech capabilities, signaling a continued focus on growth through M&A and strengthening its position in the digital marketing landscape.

Company Intelligence Q&A

When did Gix go public?

Gix became public on the TASE in April 2013.

What was a significant acquisition made by Gix?

In October 2021, Gix completed the acquisition of the media-tech company Cortex Group for approximately $11 million.

What was the investment from Medigus in Algomizer Group?

In June 2019, Medigus announced its intention to invest $5 million in Algomizer Group.

What was the reported revenue for Algomizer in the first half of 2018?

In September 2018, Algomizer's revenues for the first half of 2018 exceeded NIS 66.5 million.

What was a key development for Algomizer's subsidiary Viewbix in October 2018?

In October 2018, Algomizer's subsidiary Viewbix announced the successful completion of a live interactive video pilot, which resulted in a performance lift of over 500% with a leading Israeli broadcaster.