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ISRAELI 2012 TECH EXITS TOP $5.5 BILLION

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Thursday, January 31st, 2013

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Israeli tech startups were bought out for a record total of $5.5 billion in 2012 according to a report by PricewaterhouseCoopers. A report also showed that in 2012 Israel had 50 deals with an average deal size of $111 million, compared with 63 deals with an average size of $81 million in 2011. According to Rubi Suliman, who leads PwC’s high-tech practice, the figures reflect a shifting position in Israel. Historically, Israel has been good at building companies and selling them rather than building large multinational enterprises. Mr. Suliman said the growth in deal size showed the increasing maturity of the market.