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January 9, 2013 8:36 am

Total Value of Sales of Israeli Tech Startups in 2012: $5.5 billion

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Haifa tech hub, including Intel building (far left). Photo: wiki commons.

Israeli high-tech startup companies were bought out for a total of $5.5 billion in 2012, according to a report published by PricewaterhouseCoopers Israel. The report showed that the 50 buy-out deals for Israeli high-tech startups in 2012 averaged $111 million in size, an all-time high.

In 2006, Israeli high-tech start-ups were acquired for a record $10 billion, but the average total per deal was smaller than in 2012, showing that buy-out deals have become fewer, but larger, in the Israeli high-tech sector in recent years.

Rubi Suliman, the head of PwC’s high-tech practice, was quoted by The Wall Street Journal as saying that the 2012 numbers reflected a maturing Israeli market. “There is a long discussion about whether exits are good for Israel or should we build larger multinational companies,” Suliman was quoted as saying.

“Recently, we are seeing Israeli companies grow, and become world leaders in their areas. We are seeing companies with revenues of over $100 million. We did not see these in the past. They were being sold much earlier, often pre-revenue.”

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