Tag: startup acquisition

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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Network Technology Giant, Cisco acquires Intucell For $475M

M&A in the 2013 Israeli start-up realm begins with a bang as Network equipment giant, Cisco acquires Intucell  for a whopping $475M. Intucell’s technology provides a solution for cellular networks to optimize their mobile traffic’s speed and keep disrupted calls to a minimum. Founded in 2008 and located in Raanana, Intucell has grown at a rapid pace, evolving from an idea to a commercial success in less than a year, and has branched out on a global scale to the United Kingdom and Singapore. US based Bessemer Venture Partners, one of the most successful VC funds in the world, will take close to half of the sales price, after funding Intucell’s $6M series a investment round in late 2011, entirely on their own. Intucell’s Co-Founders, CEO Rani Wellingstein and VP products Ido Susan stand to make a nice chunk of cash as well estimated at around $80M each. This is the 12th company and one of the largest deals made by Cisco in the Israeli technology market. The Wall Street Journal summary of M&A in 2012 showed that even...

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