[November 22, 2009] BRIEF: Netex unit buys visual web index site Kafe: The acquisition is part of Netex's strategy to expand its foothold in the Israeli Internet market. Tweet Nov 22, 2009 (Globes - McClatchy-Tribune Information Services via COMTEX) -- Netex (Net Express) Ltd. (TASE:NTX) subsidiary Netex New Media Israel Ltd. has acquired Israeli visual web index site Kafe for NIS 2 million. The acquisition is part of Netex's strategy to expand its foothold in the Israeli Internet market, and Kafe's operations are in synergy with the company's new homepage, launched six months ago. Kafe was founded four years ago. The site is the homepage of many Israeli Internet users. Netex said in its notice to the TASE about the deal that one million users visit Kafe's homepage every month. Netex's share rose 0.8 percent by early afternoon to NIS 14.16, giving a market cap of NIS 66 million. To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. [ Back To TMCnet.com's Homepage ]