Algomizer, Ltd. (TASE:ALMO) acquired Linkury, Inc. from Netanel Namdar and others for $11 million on July 19, 2017. Netanel Namdar will receive a substantial part of the proceeds from selling his shares in Linkury in Algomizer's shares. To finance the transaction, Algomizer signed investment agreements of approximately $11 million with leading investors, including the Yedioth Internet Group, institutional bodies, a Canadian fund and private Israeli and American investors. Linkury reported the revenue of $20 million and net profit of $3.5 million in 2016. After completion, Linkury's Chief Executive Officer and founder, Netanel Namdar, will retain his position. Algomizer, Ltd. (TASE:ALMO) completed the acquisition of Linkury, Inc. from Netanel Namdar and others on July 19, 2017.