Israel's Tech Sector Thrives with $13.4B in 2024 Deals
Deal News | Dec 30, 2024 | EIN
In 2024, Israel's high-tech sector reached $13.4 billion in IPOs and mergers and acquisitions, demonstrating resilience despite regional challenges. This sum, spread across 53 deals, marks a notable increase from the previous year's $7.5 billion. The top 10 deals alone comprised $7.6 billion of this total, with Salesforce's $1.9 billion acquisition of Own standing out as the largest. Other significant transactions included Ashley Home's $1 billion purchase of Resident, Permira's acquisition of BioCatch for $750 million, and Nvidia's $720 million acquisition of Run:ai. These deals underline a robust year for Israeli tech, also marked by diverse industries such as cybersecurity, AI infrastructure, and healthcare technology. The article highlights the importance of these acquisitions in enhancing capabilities and integrating innovative technologies within the acquirers' portfolios.
Sectors
- High-Tech
- Cybersecurity
- Artificial Intelligence
- Healthcare Technology
Geography
- Israel – The majority of the acquisitions feature Israeli companies, highlighting the active tech landscape in the country.
- United States – Many acquiring companies, such as Salesforce, Ashley Home, and J&J, are based in the United States, playing a significant role in these transactions.
Industry
- High-Tech – The article focuses on Israel's high-tech sector, highlighting significant acquisitions and mergers in technology companies.
- Cybersecurity – Several deals involve cybersecurity firms, such as BioCatch and Noname Security, indicating the industry's relevance in these transactions.
- Artificial Intelligence – AI is a focus with acquisitions like Run:ai, emphasizing the industry's growth and integration into larger tech companies.
- Healthcare Technology – Deals like the acquisition of V-Wave illustrate the interest and investment in healthcare technology innovations.
Financials
- $13.4 billion – Total value of IPOs and M&A deals in Israel's high-tech sector in 2024.
- $7.6 billion – Total value of the top 10 deals in Israel's high-tech sector in 2024.
- $1.9 billion – Value of Salesforce's acquisition of Own.
- $1 billion – Value of Ashley Home's acquisition of Resident.
- $750 million – Value of Permira's acquisition of BioCatch.
- $720 million – Value of Nvidia's acquisition of Run:ai.
- $700 million – Value of Playtika's acquisition of SuperPlay.
- $600 million – Value of J&J's acquisition of V-Wave.
- $589 million – Value of Telysis' acquisition of Variscite.
- $530 million – Value of Workday's acquisition of HiredScore.
- $450 million – Value each for the acquisitions of Dazz by Wiz and Noname Security by Akamai.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Own | Target | Company | Tel Aviv-based data protection platform acquired by Salesforce. |
| Salesforce | Bidding Company | Company | A global customer relationship management software company acquiring Own. |
| Resident | Target | Company | Online furniture and mattress sales company acquired by Ashley Home. |
| Ashley Home | Bidding Company | Company | A leading furniture retailer acquiring Resident. |
| BioCatch | Target | Company | Behavioral biometrics cybersecurity company acquired by Permira. |
| Permira | Bidding Company | Company | Global investment firm acquiring BioCatch. |
| Run:ai | Target | Company | AI infrastructure platform acquired by Nvidia. |
| Nvidia | Bidding Company | Company | Leader in AI computation and chip development acquiring Run:ai. |
| SuperPlay | Target | Company | Mobile game development studio acquired by Playtika. |
| Playtika | Bidding Company | Company | Mobile gaming company acquiring SuperPlay. |
| V-Wave | Target | Company | Developer of minimally invasive solutions for heart diseases acquired by J&J. |
| Johnson & Johnson (J&J) | Bidding Company | Company | Global healthcare company acquiring V-Wave. |
| Variscite | Target | Company | Developer of computing boards for embedded systems acquired by Telysis. |
| Telysis | Bidding Company | Company | Global technology investment firm acquiring Variscite. |
| HiredScore | Target | Company | Platform using AI algorithms to optimize hiring processes acquired by Workday. |
| Workday | Bidding Company | Company | Enterprise cloud application company acquiring HiredScore. |
| Dazz | Target | Company | Cybersecurity company specializing in security remediation acquired by Wiz. |
| Wiz | Bidding Company | Company | Cybersecurity unicorn acquiring Dazz. |
| Noname Security | Target | Company | API security company acquired by Akamai. |
| Akamai | Bidding Company | Company | Cloud computing and security company acquiring Noname Security. |