Jerusalem: Internet giant Google announced Tuesday that it is purchasing Waze, an Israeli company whose navigation software uses social features to improve directions and traffic reports.
The average value of private companies acquired in the Israeli high-tech sector has steadily risen since 2008, according to IVC Research Center, reaching $111 million last year.
But at $1.03 billion, the sale of Waze is one of the largest high-tech acquisitions in Israeli history. Here's how it ranks among deals since 2005.
1. NDS sold to Cisco for $5 billion (2012)
2. Mercury sold to HP for $4.5 billion (2006)
3. M-Systems sold to Sandisk for $1.6 billion (2006)
4. Waze sold to Google for $1.03 billion (2013)
5. Retalix sold to NCR for $800 million (2012)
6. Lipman Electronic sold to VeriFone for $793 million (2006)
7. Object sold to Stratasys for $634 million (2012)
8. Shopping.com sold to eBay for $634 million (2005)
9. MediaMind sold to DG for $517 miilion (2011)
10. Zoran sold to CSR for $484 million (2011)
Comments
0 comment