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IBM acquires its 12th Israeli company

1.  John Chambers, Cisco CEO: “Israel will be the first end-to-end digital nation” in cooperation with Cisco, connecting homes with fiber-optic networks and infrastructure in businesses, education, healthcare and security all at once.  Chambers announced three Cisco initiatives in Israel: a Cyber security R&D laboratory, security consulting services and launching a pilot training program on information security. Cisco intends to invest in Israel $15MN in VC funds (Jerusalem Post, June 20, 2013).

2.  Lockheed Martin (L&M) plans to establish an R&D center and an information system center in Israel, as a follow up to Israel Aerospace Industries (IAI) manufacturing the wings for L&M F-35 Joint Strike Fighter. IAI manufactures wings for the F-16 and T-38 trainer aircraft.  L&M will partake in the construction of Israel’s Military Intelligence center in the Negev. L&M expands its Cyber security cooperation with Israeli companies (UPI, July 2).

3.  2012 tourism income reached $5.1BN (despite the war against Hamas), compared with $5BN in 2011, $4.8BN in 2010 and $4BN in 2009. 80% of the tourists contemplate a return-visit; 4% do not (Globes Business Daily, July 25, 2013).

4.  The $30BN EMC acquired Israel’s ScaleIO for $200MN.  In 2012, EMC acquired Israel’s XtremIO for $430MN (July 15).  Samsung acquired Israel’s Boxee for $30MN (Globes, July 5). IBM made its 12th Israeli acquisition – CSL – for $10MN (Globes, July 11).   

5.  Israel’s Plus500 raised $75MN on the AIM (London) Stock Exchange (July 22). The Boston-based Bessemer Venture Partners and the Seattle-based Pacific Technology Partners co-led a $25MN round of private placement in Israel’s Altair (Globes, July 2).  The Palo Alto-based Sequoia Partners and Norwest Venture Partners co-led a $10MN round of private placement by Israel’s Seculert (Globes, July 9). The NJ-based Edison Ventures led a $7MN round by Israel’s RealMatch (Globes, July 24).  

 




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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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Exposing the myth of the Arab demographic time bomb