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Another Wave of Acquisition of Israeli Companies

1. Intel plans a $4.8BN expansion of its Israeli operations, applying for a $600MN grant from the Israeli government.  Since 1999, Intel  invested $10BN in its four Israeli R & D centers and two manufacturing plants (7,300 workers), exportinAg $20BN out of Israel, $2.7BN export in 2010 alone (Globes, June 17, 2011).

Marvell announced a $200MN investment in its (1,200 employees) Israeli Research & Development center

GE invests $4MN, establishing its 8th R&D center in Israel, focusing on medical, water and green technologies (Globes, June 14).

In 2010, Eric Schmidt, former Google’s CEO and currently Google’s Executive Chairman, established a personally-owned VC fund, Innovation Endeavors. Ten investments were made, mostly in the Silicon Valley and in Israel.

2.   The Dallas-based DG acquired Israel’s MediaMind for $517MN (Globes June 17).  The London-based global private equity fund, Premiera is acquiring 61% of Israel’s Netafim for $520MN (Globes, June 13). Palo Alto-based VMware acquired Israel’s DigitalFuel for $85MN, its second Israeli acquisition (Globes, June 15). The Irvine-based Broadcom acquired Israel’s SCsquare for $42MN and the Tempe-based Limelight Networks acquired Israel’s AcceloWeb for $25MN (Globes, May 12).  The New York-based CVCI private equity fund acquired Israel’s Ness for $307MN (June 13).  The Chicago-based Merge Healthcare acquired Israel’s OIS for $30MN (Globes, June 7).  The Palo Alto-based Jive Software acquired Israel’s OffiSync for $30MN (Globes, May 24).  Germany’s BrainLab acquired Israel’s Voyant Health for $10MN (Globes, June 10). The Silicon Valley-based Pixim acquired Israel’s Advasense for a few million dollars (Globes, June 16)

3.  The Menlo Park-based Greylock Partners established its 2nd $200MN Israel-dedicated VC fund (Globes, May 27).  Chinese investors invested $88MN in CI Gate, an Israeli VC fund, promoting Chinese investments in Israeli companies (Globes, June 17).  Israel’s OrboTech raised $84MN on NASDAQ (Globes, May 26). The Boston-based Battery Ventures led a $14MN 2nd round of private placement by Israel’s XtremIO (Globes, June 7). The Chicago-based Vernon & Park led a $9MN 3rd round of private placement by Israel’s Correlix (Globes, May 23).  The Menlo Park-based Draper, Fisher, Jurvetson (DFJ) led a $7MN investment in Israel’s Do@ (Globes, May 25).  The Menlo Park-based Sequoia Partners led a $6.5MN 1st round of private placement by Israel’s Personetics (Globes, May 24).  The $11.6BN Nvidia invested $2.5MN in Israel’s RockTick (Globes, May 31).




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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