Tag: ibm

Israeli Exits through the Years: The Data Storage Industry

Not for nothing is Israel the #2 startup ecosystem in the world — it has more high-tech startups and a larger venture capital industry per capita than any other country. Over the past few years, Israeli M&A has been (and still is!) on fire with a lot of excitement and hype around several multi-million dollar deals. The interest of international tech giants in Israeli startups is nothing new, and as we know, one of the major strategies for Israeli startups is to transform into appealing acquisitions for large entities knocking on its door. Some of the top high-tech M&As in Israeli history have come straight out of the data storage industry. These companies working on developing various storage solutions (from software to hardware, and in between) typically exit in the mid-hundreds of millions of dollars range. Here’s an up-to-date look at the Israeli M&As in the data storage industry over the years: UPDATE: Storage giant Western Digital just announced (Oct. 21st, 2015) that it has agreed to buy SanDisk Corp for about $19 billion, marking yet another exit for Israel’s data storage sector! A look to the (near)...

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At the heart of the Startup Nation: Technology booming in Israeli R&D labs

From the time of its establishment in 1948, Israel has been at the forefront of agricultural research & development. Since then, the Startup Nation has evolved from an agrarian powerhouse to a hotbed for high-tech companies’ R&D headquarters. Under the pressure of its far larger and often hostile neighbors, Israel and its government began to realize that in order to survive it would need to direct much of its resources toward developing technologies. Just four years later, University R&D hit the Technion Institute, and has since been one of the leading contributors of patents and developments in agriculture, science, medicine, and of course, technology. In 1968, the government elected to establish a national office for a Chief Scientist, often referred to today as Matimop. This department plays an important role in creating the funds for, as well as advising certain R&D projects that have shown their potential. Matimop provides grants to further R&D projects in the areas of communication, electronics, software, and other developments. Israeli R&D Today Since the establishment of this office and the appointment of a chief...

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Shopping for security and selling secrecy in the Startup Nation

On 6 August 1991, the World Wide Web, otherwise known as the Internet, became publicly available and  fundamentally changed the world as we knew it. The Internet opened a world of opportunities for users as it became a means to acquire knowledge, facilitate electronic commerce and communicate with each other from all over the globe. However, rapid Internet developments and increased online usage by both the government and public have made us vulnerable and exposed to cyber attacks. When it comes to national security, the Internet is perceived as both a weapon and a threat. Due to its own experience, Israel has become a leader in protecting cybersecurity and is uniquely positioned for cyber challenges. This is one of the reasons, according to David Shamah in ZDNet, Israel’s startups are catching the eye of tech heavyweights. The Israeli startup scene has seen a lot of activity in the security field lately (i.e. IBM’s recent acquisition of security startup Trusteer, Cisco opening a tech incubator for cyberdefense startups, etc). The ZDNet article addresses the question of why, when it comes to IT security, big tech firms keep looking to...

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