Zebra: Zebra Technologies sold to Matrix

Israel's Matrix, an IT service management firm, has acquired fellow Israeli company Zebra Technologies, which calls itself a value-added distributor. Matrix is taking a 70% stake in Zebra for roughly $18.5 million. According to Globes, Zebra has revenues of $70 million per year. Founded in 2014, Matrix employs about 11,000 people and has a market [...]