Neustar is also set to slash its activity in Haifa, which employs more than 100 people.
Network storage solutions provider NetApp Inc. (Nasdaq: NTAP) is set to close its Israeli development center in Haifa, which has 60 employees. The center is based on start-up Topio, which NetApp acquired in 2006 for $160 million in cash.
Neustar Inc. (NYSE: NSR), a provider of information services for telecommunications providers, is also set to slash its activity in Haifa, which employs more than 100 people. The company announced yesterday that it will lay off 110 employees in its next generation messaging (NGM) division, which is largely based on Israeli start-up Followap (now Neustar NGM), which was acquired in 2006 for $140 million. Sources say that 60 to 70 of the layoffs will take place at the company's R&D center in Haifa.
Both Neustar NGM and NetApp Israel's centers are located at the Matam High-Tech Park.
Published by Globes [online], Israel business news - www.globes-online.com - on December 9, 2008
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