IBM Acquires its 12th Israeli Company Ambassador (ret.) Yoram Ettinger
. 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).
Comments are closed.
