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Cisco highlights global confidence in Israels capabilities

1. During January-June, 2016, Israeli companies were acquired by global companies for $2.4BN, compared with $3.4BN during the whole of 2015. For example, the California-based $60BN Cisco, the largest networking company in the world, acquired Israel’s cyber technology Cloudlock for $293MN, Cisco’s 2nd Israeli acquisition in 2016 (Leaba Semiconductor – $375MN) and its 13th acquisition in Israel, since 1998, totaling $2.2BN. The Pennsylvania-based $14.5BN Dentply Sirona acquired Israel’s MIS for $375MN (Globes Business Daily, June 29, 2016). The San Francisco and London-based $10BN Francisco Partners acquired Israel’s SintecMedia for $400MN (The Marker, April 28). The $51BN Fosun, China’s largest privately owned conglomerate, acquired Israel’s Ahava for $75MN (Globes, April 13). The $49BN California-based Oracle – which employs over 400 persons in Israel – acquired Israel’s Crosswise for $50MN (Globes, April 18).  Germany’s RNTS Media acquired Israel’s Inneractive for $72MN, including $26MN in milestones (Globes, March 4).


2.  According to Cisco’s Chairman, John Chambers: “Israel is the most innovative country, producing the best startups…. Cisco invested $150MN in 30 Israeli startups, $60MN in four Israeli venture capital funds and acquired 13 Israeli companies since I became Cisco’s CEO…. Cisco operates four research & development centers in Jerusalem, Haifa, Netanya and Caesarea, employing 1,490 persons (Yedioth Achronot, June 29).”

3. Bill Gates made his first investment in Israel, along with Boston Scientific, in the Xelerator medical equipment incubator.  Sonny invested $75MN in Israel’s Interlude, joining other prominent investors, such as Intel’s and Samsung’s, MGM Studios’ and Warner Music’s venture capital funds (Globes, June 21).

4.  June, 2016 highlighted the appeal of Israel’s startups to foreign investors. For example, five Israeli startups raised $65MN in Independent Private Offerings (IPOs) on June 15 (Globes). Three additional Israeli startups raised $30MN on June 22 (Globes).  Two Israeli startups raised $21MN on June 16 (Globes). 

5.  The terms of Israel’s acquisition of the F-35 – which is the most expensive military transaction in Israel’s history – underline Israel’s unique  role as the most effective battle-tested laboratory of the US defense industries, and Israel’s contribution to the US national security and economy. For instance, Lockheed-Martin, which operates maintenance centers throughout the globe, allows Israel to maintain its own F-35s.  Moreover, Israel is allowed to install its own unique, Israeli-developed and manufactured systems, which will enhance the capabilities of the F-35 and make Israel’s F-35 distinct. Furthermore, the cooperation with Lockheed-Martin, in the production of the F-35, will provide Lockheed-Martin with Israel’s unique research & development and enhance the performance of the F-35 (as has been the case with the Lockheed-Martin’s F-16 and McDonnell Douglas’ F-15, while netting Israel’s defense industries some $4BN (Globes, June 23). 



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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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