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Israel Venture Capital The Israeli Case. IVA Overview. The IVA is the organization representing the Israeli venture capital community. Venture Capital is a major source of financing for start-up and early stage technology companies.
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Israel Venture Capital The Israeli Case
IVAOverview • The IVA is the organization representing the Israeli venture capital community. • Venture Capital is a major source of financing for start-up and early stage technology companies. • Israeli VCs have played a major role in making Israel an important global source of innovation.
Alcatel Analog Devices AMCC Avaya BMC Software Boston Scientific Broadcom Computer Associates CEVA Cisco Conexant Freescale Semiconductor GE Medical Systems HP (including HP Labs) IBM Infineon Intel Interpharm KLA-Tencor Kollmorgen Servotronix Marvell Semiconductor Microsoft Motorola National Semiconductor Oracle Pfizer Phillips QUALCOMM Samsung SAP Siemens Silicon Graphics Sun Microsystems SunGard Texas Instruments Veritas Software Multi Nationals with R&D Centers in Israel (Partial List)
Global Catalyst Partners Greylock Partners HarbourVest Partners Hummer Winblad Venture Partners JAFCO Kodiak Venture Partners Lightspeed Venture Partners Menlo Ventures Mercator Ventures Meritech Capital Partners Merlin Biosciences Merrill Lynch Venture Capital Mission Ventures MPM Capital Foreign VCs Investing in Israel 133 Foreign VC Funds Invested in more than one company in Israel from 2000-2004 (Partial List) • Accel Partners • Advent International • Alice Ventures • Alta Berkeley • Amadeus Capital • Ampersand Venture Management • Apax Partners • BancBoston Ventures • Battery Ventures • Benchmark Capital • Bertelsmann Ventures • Bessemer Venture Partners • Boston Capital Ventures Cont.
Capital Raised By Israeli VCs Source: IVC research center
Capital Raised By Israeli Companies - 2006 $1.62 billion
Israeli High Tech Companies Newly Established, by Sector 2001-2005 In 2004, more companies were established in life sciences than in any other industry for 4th consecutive year Source: IVC online database
Capital Raised by High Tech Companies, Israel & US ($M) Source: Israel – IVC Research Center, US – Venture One
Capital Raised by High Tech Companies, Israel & Europe ($M) Source: Israel – IVC Research Center, Europe – Venture One
Year Total Number of Deals Total Volume ($M) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Total 9 12 21 38 63 28 65 61 58 34 389 456 666 1,306 4,267 16,065 581 2,273 1,189 1,834 2,475 31,112 M&A Transactions (1996-2005) Cont.
Selected Hi Tech M&A 2005Foreign Acquirers Acquirer HP Cisco System Broadcom McKesson eBay Juniper Networks Alcatel Intel Kodak Cadence Design UGS Israeli Company Scitex Vision Sheer Networks Siliquent Technologies Medcon Telemedicine Shopping.com Kagoor Networks Native Networks Oplus Technologies Orex Verisity Technomatix Value of Acquisition 230 122 84 105 634 67 55 100 62 315 227 Industry Printing Technology Communications Communications Medical Devices Internet Communications Communications Communications Communications Enterprise Software Enterprise Software
Selected Hi Tech M&A 2005Israeli Acquirers Foreign Acquirer Ivax CSG (GSS Division) DST Innovis Sourcefire Longshine TCI Solutions IDS Microelectronica Espanola Fast Video Security Dictaphone Value of Acquisition 7.400 251 238 225 30 34 44 40 21 38 Israeli Acquirer Teva Comverse Amdocs Checkpoint Amdocs Retalix Retalix M-Systems Nice Nice Industry Pharmaceutical Communications Communications Enterprise Software Communications Enterprise Software Communications Communications Communications Communications
Selected Hi Tech M&A 2006Foreign Acquirers (Partial List) Acquirer PMC- Sierra Johnson & Johnson EMC Stryker BMC Microsoft Dentsply TA associates Epix CA Microsoft Israeli Company Passave ColBar Kashya Sightline Identify Gteko Uri-Dent Alma Lasers Predix Xosoft Whale Value of Acquisition 300 159 153 150 150 120 100 90 90 80-120 76 Industry Communications Life Science Enterprise Software Medical Devices Enterprise Software Enterprise Software Medical Devices Medical Devices Pharmaceutical Enterprise Software Enterprise Software
Selected Hi Tech M&A 2006Foreign Acquirers (Partial List) Acquirer Lucent Francisco partners LSI Logic Zerox Solutions 180 Fitserv AMS EMC Pricer EMC Unity Israeli Company Mobilitec Ex Libris Storage XMPies HotBar InsureWork MedImpulse nLayers Eldat ProActivity Celletra Industry Communications Enterprise Software Communications Enterprise Software Internet Enterprise Software Medical Devices Enterprise Software Communications Enterprise Software Communications Value of Acquisition 75 62 55 54 52 52 50 50 40 30 20
Potential Co-operation • Human Capital • Large Markets for Israeli Products • Capital for Israeli VC’s • R&D and Innovative infrastructure • Experienced VC Industry