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January 28, 2015 / 8 Shevat, 5775
 
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Israeli High-Tech Companies Earn Massive Profits in 2012

Israeli high-tech companies earned massive profits in 2012, being purchased for a total of $5.5 billion.

According to a report by PricewaterhouseCoopers Israel, approximately 50 buyouts of Israeli start-ups averaged $111million per sale.

In 2006, the number of sales was significantly higher, totaling a record $10 billion, but averaged less per deal.

About the Author: Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.


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