Israeli high-tech frenzy: $6 billion in six monthsJul. 22, 2015
Business exits come in waves, and we’re in the middle of one. It’s putting hundreds of millions of dollars into the pockets of Israeli entrepreneurs and venture capital funds.
On Thursday, Facebook said it was snapping up the Israeli startup Pebbles Interfaces for $85 million. This week came the news that Microsoft was buying the cyber firm Adallom for $320 million, while ad-tech company IronSource was acquiring mobile advertising company Supersonic for between $100 million and $200 million.
The three acquisitions represent the best of what has been happening in Israeli high-tech in recent years. Tech giants are increasing their presence in Israel, particularly through acquisitions. At the same time, home-grown companies increasingly have the resources to acquire other Israeli companies.
Although the past week has seen its share of major transactions, the whole year so far has been a bonanza. According to a report by the business research firm IVC and the law firm Meitar, the first half saw $6 billon in exits, including public offerings and acquisitions in 60 separate transactions, almost double last year’s pace.
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