Israel’s tech successes 2013: The rest of the story
Without question, 2013 was a banner year for Israeli technology. According to a report released this week by PwC Israel, Israeli high-tech exits in 2013 were worth $7.6 billion, the best year since 2006. The biggest deals of the year, of course were those involving Waze (bought by Google for close to a billion dollars), Trusteer (bought by IBM for a similar amount), and the Wix IPO (the biggest Israeli IPO yet).
According to the report, Israeli successes went far beyond computer/Internet tech; collectively, the most successful Israeli exits were in the area of life sciences, where M&A/IPO activity amounted to $2.5 billion, and involved many more companies than the tech/Internet/mobile sector did.
And then there were the companies that achieved major successes and breakthroughs in their area, developing new technologies or products that had a significant impact on their industries, or produced research that others are using to make the world a better, safer place. There were also a plethora of academic studies that contain the seeds of the major breakthroughs of tomorrow, and the technology that will pave the way for the Wazes of the day after tomorrow – not to mention the Nobel prizes scarfed up by Israeli-raised U.S. researchers Prof. Arieh Warshel and Prof. Michael Levitt.
http://www.timesofisrael.com/israels-tech-successes-2013-the-rest-of-the-story/
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