web analytics
May 6, 2015 / 17 Iyar, 5775
At a Glance
Blogs
Sponsored Post


Cisco Acquired its 11th Israeli Company

Microsoft CEO Steve Balmer said that Israel is a start-up center, and there is always something to challenge us there.
John Chambers, CEO of CISCO Systems, at the President's Conference in Jerusalem

John Chambers, CEO of CISCO Systems, at the President's Conference in Jerusalem
Photo Credit: Miriam Alster/Flash90

Straight from the Jerusalem Boardroom #175.

1.   “Israeli defense exports for 2012 are expected to show an increase, despite the global economic crisis…. Israeli defense exports for 2012 may cross the $7 billion line…. 10% to 15% higher than 2011 exports, though it will not match the peak of more than $7.5 billion recorded in 2010…. A substantial effort is currently under way to increase sales mainly in countries such as India and several other countries in Eastern Asia, South American countries, Australia, Africa and Canada, where Israeli defense exports have recorded a growth trend” (IsraelDefense, Dec. 31, 2012).  Israel is ranked between fourth and sixth in the world for weapons sales. The U.S. and Europe are Israel’s leading markets.

2.  “Microsoft CEO Steve Ballmer said that even though there is only one Silicon Valley, ‘Israel is among the second tier of innovative places’ — akin to Microsoft’s hometown, Seattle…. Ballmer said that “the range of innovative things that Israel is doing is remarkable. There is such a wide scope of exciting things going on here. Israel is a start-up center, and there is always something to challenge us there, or one that we can acquire.’ A number of MS technologies are ‘Made in Israel,’ Weisfeld explained in a previous interview: These include Microsoft gateway VPN technology; Microsoft Security Essentials anti-virus suite; and the newest product, the recommendation system for Xbox systems…. Israel was the first Microsoft R&D center outside the US, which opened in 1991. Today, the company has centers around the world, but… there are only four places in the world where the R&D centers get involved in general and innovative projects: the US, China, India, and Israel” (Times of Israel, Nov. 5, 2012).

3.  The Swiss-based Institute for Management Development (IMD) has ranked the Bank of Israel in the top five among central banks for its efficient functioning in its 2012 World Competitiveness Yearbook for the third year in a row. The report also ranked Israel’s economy 9th highest for its durability in the face of the global financial crisis (http://bit.ly/Xf6Cr9).

4.  The $110BN Cisco acquired Israel’s IntuCell for $475MN, Cisco’s 11th Israeli acquisition, including NDS which was acquired in March, 2012 for $5BN  (Globes, January 24).  Israel’s Keryx BioPharmaceuticals raised – on NASDAQ - $70MN, its 4th IPO (Globes, Feb. 4). Israel’s MedGenics raised $29MN on NASDAQ (Globes, Feb. 11).  DKPartners hedge fund joined York Private Equity, investing $55MN in Elbit Imaging bonds (January 24).

5.  In 2012, 575 Israeli high-tech companies raised $1.92 billion from local and foreign investors, a 10 percent decrease from $2.14 billion raised by 545 companies in 2011 (Israel Venture Capital Research Center).  The Georgia-based EndoChoice merged with Israel’s Peer Medical, raising $43MN in a round of private placement led by Sequoia Capital(MarketWire, January 4).  Benchmark Capital, Battery Ventures and HPV Investmentinvested $16MN in Israel’s Panaya (Globes, Jan. 9).  Sequoia Capital, Bessemer Venture Partners and Norwest Venture Partners invested $15NM in a round of private placement by Israel’s Ravello (Globes, Feb. 7). The NYC-based Millennium Technology Value Partnersinvested $12MN in Israel’s WatchDox (Globes, 31).  Orbimed invested $8MN in Israel’s Medigus (Globes, Jan. 7). $5.5MN invested in Jonathan Medved’s OurCrowd (Globes, Feb. 7).

6.  Israel’s natural gas potential.  Jonathan Baron and Dr. David Wurmser, (Forbes, September 27, 2012): “With in excess of 25 trillion cubic feet of natural gas discovered since 2009, Israel now enjoys historic opportunities to produce domestic, affordable, and secure energy…. Under any realistic scenario, Israel possesses ample supplies to ensure energy security in the power sector for a generation…. The well-established pattern of such development suggests that the natural gas discoveries to date represent only a fraction of the total recoverable resource. Based on other basins, current discoveries in the Israeli Levant Basin likely are only a fraction of the total technically recoverable resources….”

7.  Kinetic Energies – Alternative Electrical Energies, owned by Isaac Sutton, leads a 250MN Euro investment in the construction of 120 megawatt 50 wind-turbines in the Golan Heights (Globes, January 24).

Visit The Ettinger Report.

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Cisco Acquired its 11th Israeli Company”

Comments are closed.

Current Top Story
Hillary Clinton and PA acting president Mahmoud Abbas. Nov. 21, 2012
Clinton Said She Will Speak on Benghazi but Only Once
Latest Blogs Stories
Israeli Flag  Flies at Nepal IDF Field Hospital

If you leave it to the world news, you’d never know the numerous miracles Israel’s doing in Nepal…

Charedi students getting a higher education

There are encouraging reports of increased enrollment in Charedi army and educational programs

Doug Goldstein

Learn why time management is important & how it can help build your business, from Jan Lukacs & Doug

Ethiopian protest

The problem isn’t police violence against Ethiopians. The problem is police violence.

Gazan terrorists use cement that Israel sent to build schools&hospitals for a complex tunnel network

What do we want from government? True leadership that realizes placating others is not the solution.

Rav Riskin’s desire to strengthen ties with Christians is pure but his methods have crossed lines

A minute and a half? What if the kids are upstairs with earphones on and they don’t hear the siren?

My gut says it’s the New Israel Fund behind the violent demonstrations by Ethiopian Jews in Israel

Discover the meaning of financial freedom and if you’ll achieve the standard of living that you want

Today’s world and a shocking amount of Jews and Israelis support apartheid against Jews in of Israel

Let’s revel in Peter Beinart’s unintended “Ma Tovu” praise of the Jewish state: “It’s modern; it’s democratic; it’s pro-American.”

Point is, the eyes are the soul’s windows and forbidden images, face it or not, pollute a Jew’s soul

Israel has sent almost as many people to help Nepal, as the entire world combined.

Who dreamed of Jews hiding behind concrete in our renewed beloved land? Is this the best we can do?

Are consumers becoming too impatient? What happened to the concept of the long-term purchase?

More Articles from Yoram Ettinger
Front-Page-041715

At 67, Israel reaffirms a historic fact: Pressuring the “Jewish Olive” produces superb oil!

President Obama

The Constitution created history’s most powerful legislature & inherent foreign policy power battle

A serious peace-driven agreement and the nature of the Ayatollahs is the definition of an oxymoron

Defense, scientific and commercial cooperation between the US and Israel is surging unprecedentedly, in defiance of the unbridgeable gap between the worldviews of President Obama and Prime Minister Netanyahu. For example, 250 major US high-tech companies maintain research and development centers in Israel, which has become a major source of cutting-edge innovative technologies, improving US […]

German poet Heinrich Heine: “Since the Exodus, freedom has always been spoken with a Hebrew accent.”

Top priorities of Israeli Arabs: employment, education, healthcare, crime, and women’s rights,

Riyadh supports Israel’s role against their mutual enemy-A nuclear/apocalyptic/ imperialistic Iran

Printed from: http://www.jewishpress.com/blogs/the-ettinger-report/cisco-acquired-its-11th-israeli-company/2013/02/17/

Scan this QR code to visit this page online: