While global economic slowdown and insecurity have reduced consumption, export and growth throughout the world:
1. Microsoft acquired Israel’s cyber security startup, Adallom, for $320mn. Adallom exposed the break into the security server of Microsoft Office365. In recent months, Microsoft also acquired Israel’s cyber security company, Aorato, for $200mn, Equivio for $200mn and N-trig for a few scores of millions of dollars. In 2009, Microsoft acquired Israel’s 3DV Systems for $35mn (Globes, July 20, 2015).
2. The Framingham, MA-based Heartware acquired Israel’s Valtech Cardio for $360mn, which could surge to $860mn, provided that milestones are met (Globes, September 3).
3. Medtronic, the Dublin and Minneapolis-based world’s largest stand-alone medical technology development company, is launching – along with IBM and Israel’s Office of the Chief Scientist – a digital medicine incubator in Israel. In April, Medtronics invested $2mn in Israel’s DreaMed Diabetes (http://www.fiercemedicaldevices.com/, September 15).
4. According to Frans van Houten, the Chairman and CEO of the global Dutch giant, Phillips: “Israel has a major record of achievement in innovation, which Phillips is a partner to through our extensive R&D investments in Israel.” Van Houten inaugurated a joint incubator, in Israel, with Israel’s TEVA Pharmaceutical Industries – a $25mn investment by each company. The joint incubator, Sanara Ventures, will be the home of digital health, monitoring and imaging early-stage startups. In addition, Phillips operates a research & development center, in Israel, which employs 850 people. Phillips is also manufacturing special elements for its imaging systems in Israel. During the last three years, Phillips experienced a 60% expansion of its Israeli operation (Globes, September 11).