Last 263.70
Change Today -5.20 / -1.93%
Volume 448.0K
BBYL On Other Exchanges
Tel Aviv
As of 10:24 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

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52 Week High
10/1/13 - $2,988
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08/19/14 - $245.20
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babylon ltd (BBYL) Details

Babylon Ltd. provides translation and language learning software solutions to individuals and corporations worldwide. The company offers desktop translation solutions and Internet search services through Internet-based platform that enables users to access a portfolio of approximately 1,700 glossaries and 25 million translation terms across 77 languages. Its Babylon desktop translator software provides online and offline translations with features comprising full text translation, document translation, human voice pronunciation, and premium dictionaries. The company also offers language solutions, including professional translation for official documents; mobile apps for smartphone; and instant grammar correction to assist in writing, as well as provides various language learning programs for kids and adults. Babylon Ltd. was founded in 1997 and is based in Or Yehuda, Israel.

Founded in 1997

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babylon ltd (BBYL) Key Developments

Babylon Ltd., Annual General Meeting, Apr 28, 2014

Babylon Ltd., Annual General Meeting, Apr 28, 2014., at 10:00 Israel Standard Time.

Babylon Ltd. Reports Earnings Results for the Year 2013

Babylon Ltd. reported earnings results for the year 2013. The company reported lower revenue, but higher profits for 2013, because of the termination of its contract with Google Inc. Revenue fell 14% to ILS 591.4 million in 2013 from ILS 685 million in 2012, but net profit rose to ILS 148.4 million from ILS 103.1 million. The company boosted its net profit by slashing advertising, sales and marketing expenses from ILS 513.8 million in 2012 to ILS 351.4 million in 2013.

Babylon In Talks To Acquire MyThings

Noam Lanir, the controlling shareholder of Babylon Ltd. (TASE:BBYL), has held preliminary talks on acquiring MyThings, Ltd. Lanir, whose company has some ILS 200 million in cash, has held discussions with Benny Arbel, the founder and Chief Executive Officer of myThings, just days after TheMarker reported that Perion Network Ltd (NasdaqGS:PERI) was interested in buying the startup at a $120 million valuation. The deal would involve a mix of cash and Perion shares. Lanir denied he was trying to go behind Perion’s back. “I don’t have any plans to hijack the Perion deal. To the best of my knowledge, they haven’t completed an agreement and there’s only a 5% chance that Babylon will enter into an agreement at all,” he said. “I’m a good friend of Arbel’s. We served together in the army and he works in the building next to mine. But I must repeat, we’re talking about preliminaries. We haven’t begun official negotiations. We’ve simply exchanged ideas as friends often do.” Babylon, whose stock rose 1.1% to ILS 8.10 shekels on January 28, 2014.


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