Israeli Tech Exits Doubled in First Half of 2019
For the sixth year in a row, Israel has seen growth in foreign acquisitions of local hi-tech start-ups
The total amount of Israeli tech startups bought by major corporations during the first half of 2019 came to $14.48 billion including 66 different deals according to IVC, the leading business information company in Israel’s high-tech industry.
The largest exit was the $6.9 billion acquisition of Israel-based Mellanox Technologies by Nvidia, an American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as chips for the mobile computing and automotive market. Mellanox will add its high-performance computing data centers, cloud computing, computer data storage and financial services to the Nvidia group.
Four Israeli companies went public on the stock exchange in the first half of 2019 including the online digital technicians and designers marketplace Fiverr and the cybersecurity company Tufin Software Technologies. Both sold at high-end prices.
The report reflects an upward trend in the Israeli tech industry over the past few years. This being the sixth consecutive year of growth for Israeli hi-tech companies.
An interesting development is that now a number of blue-collar industries are joining the market for Israeli-based technology. One example is the purchase this year not by a software giant but by McDonald’s Corporation of Israeli-based Dynamic Yield, a personalization platform that creates customized experiences for visitors to the fast-food giant’s website.