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Israel – a cybersecurity powerhouse

1. According to the June 15, 2017 Wall Street Journal, six Israeli startups (three in the cybersecurity sector) are among the top 25 tech companies, which may be the global leaders of tomorrow. 

2. According to
Forbes Magazine, Israel has become a cybersecurity powerhouse, creating more than 300 cybersecurity startups, exporting in 2016 $6.5BN in cybersecurity products, convincing more than 30 multinationals to establish local research & development centers in Israel and attracting foreign investors. According to Forbes, there are six reasons leading to Israel’s prominence in the world of cybersecurity: the close government-military-business-academia interaction; government support of early-stage cybersecurity startups; Israel’s military as a startup incubator and accelerator, combining research and operation; investing in human capital (e.g., cybersecurity is an elective high school matriculation exam, and operating six university cybersecurity research centers); Israel’s overall inter-disciplined and diverse human factor enhanced through military service and interaction with global giants; Israel’s constant need to defy security and commercial odds.

3. Enhancing the mutually-beneficial, two-way-street US-Israel cooperation, a
cybersecurity bilateral working group was established by the Trump Administration, aimed at combatting cyber offensives. Tom Bossert, White House homeland security and counterterrorism adviser, stated: “Israel’s agility in developing solutions will innovate cyber defenses that the US can test in Israel and bring back to America….”     

4. During the first half of 2017 – in addition to Intel’s March 2017 acquisition of Israel’s Mobileye for $15.3BN – Israeli hightech companies were acquired by foreign companies for a total sum of $1.8BN.  For example, Symantec, the Mountain View, CA software security and storage systems giant, acquired Israel’s FireGlass and Skycare (cybersecurity) for $250MN each (Globes, July 13, 2017).

5. During the second quarter of 2017, $1.3BN were invested in Israeli startups, mostly by foreign investors, second highest quarter in the last five years, compared to $1.1BN in the first quarter, as well as the fourth quarter of 2016, and $1.7BN in the second quarter of 2016. For instance, the Japanese giant SoftBank invested $100MN in Israel’s cybersecurity, Cybereason, and Johnson & Johnson led a $12MN round by Israel’s medical/nutritional tech, Day Two.  Israel’s venture capital fund, Qumra, raised $115MN for its second fund, mostly from US and European Family Offices (Globes, July 20).

6.
Intel is bolstering its operations in Israel – over and beyond its 10,000 employees, four R&D centers, two manufacturing plants and $4BN annual exports out of Israel – leveraging Israel’s cybersecurity added-value. Intel has recently expanded its Israel Cybersecurity Center of Excellence, partnering with Illusive Networks, a cybersecurity startup, and Israel’s Team8, a cybersecurity powerhouse, which has developed close contacts with Microsoft, Cisco, Qualcomm, ATT&T, Nokia, Mitsui and Eric Schmidt’s Innovation Endeavors, aiming to develop cutting edge cybersecurity technologies.  


7.  India-Israel trade balance surged from $200MN in 1992 to over $4BN in 2016.

According to the Executive Editor of Business India (published by the Begin-Sadat Center for Strategic Studies), “this sliver of a country [Israel] of 8.4 million is a leading innovation hub with the highest density of startups and venture capital in the world.  It has more NASDAQ-listed companies than any other country save the US and China – more than India, France, Germany, Japan, South Korea, Singapore and Hong Kong combined. The total market capitalization of these Israeli companies exceeds $85BN…. Israeli companies either pioneered or were among the first to commercialize firewalls (CheckPoint), voicemail (Comverse), USB flash drives (M-Systems), VoIP (Vocaltec) and digital printing (Indigo).

“Israeli startups have also driven innovation across all major technology sectors, as in the cases of Amdocs and Comverse in telecommunications applications, Verint and NICE in contact center applications, Mercury in information technology (IT) management, Check Point in security, DSPG in semiconductors and Mellanox in Infiniband…. Israel has proportionately more scientists and tech professionals than any other country.  Almost 40% of Israeli hightech employees are engaged in R&D for [over 200] major global tech companies that have subsidiaries or research centers in Israel. These include Intel, Microsoft, Google, Cisco, Facebook, Applied Materials, Apple, IBM, Hewlett-Packard (HP), Oracle and Motorola….

“Israel is a country 0.63% the size of India.  Its population is 0.64% that of India and its GDP $297BN to India’s $2.25TN, but its GDP per capita is $34,000 to India’s $6,700…. With India its largest arms client, Israel netted its biggest-ever defense contract in April, 2017 when India awarded Israel Aerospace Industries (IAI) contracts totaling almost $2BN [medium-range surface-to-air missiles, air and missile defense systems and a long range SAM air and missile defense systems for India’s aircraft carrier]…. India buys from Israel military hardware worth an average of over $1BN annually… Israeli technologies can be used to boost the development of India’s critical sectors, including food security, water management and efficiency, cyberspace and data protection, e-learning and innovation and digitalization…. 21 memoranda-of-understanding were recently concluded between Indian and Israeli academic institutions….”     

 




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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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