Israel isolated? The prophets of doom are wrong again!

May 09, 2011 1 Comment by

This article was compiled by Ambassador (ret) Yoram Ettinger (Israel). For more like this please visit www.theettingerreport.com

1. Israel’s unemployment has declined to 6% in February, 2011, compared with 6.2% in December 2010 and 7.7% in December 2009 (April 29, 2011). The Houston-based ATP Oil & Gas, which specializes in deep off-shore drilling, received a license to drill in Israel (Globes, April 15).

2. The NY-based OrbiMed, the largest healthcare investment firm, established a $200MN Israel-dedicated fund, in order to leverage cutting-edge Israeli innovations (Globes, April 7). The NY-based Yorkville Capital intends to invest $100MN in Israeli companies during 2011. Last week Yorkville invested $50MN in Israel’s Elbit Imaging (Globes, April 5).

3. The Irvine-based Broadcom acquired Israel’s Provigent for $340MN, Broadcom’s 8th Israeli acquisition since November 2000 – VisionTech for $250MN, Dune Networks – $178MN, Pecello – $86MN, Siliquent – $84MN, Octalica- $31MN, SighticVista – $15MN and MStream – $10MN (Globes March 22). The San Jose-based Align Technology acquired Israel’s Cadent for $190MN (Globes, March 31). Santa Clara-based Internet security giant, Mcafee, acquired Israel’s Sentrigo for $35MN (Globes March 24). Boston Scientific acquired Israel’s S.I. Therapies for $20MN – $5MN in cash and the balance according to milestones (Globes, April 5). The Seattle-based Getty Images acquired Israel’s PicScout for $20MN (Globes, April 28). India’s Ybrant acquired Israel’s PicApp for $10MN, its 2nd Israeli acquisition – Oridian for $15MN in 2007 (Globes, April 8).

4. A 39% increase in high-tech investments during the 1st quarter of 2011 – $479MN invested in 140 companies – the best quarter in two years, compared with $234MN in 91 companies during the 1st quarter of 2010. 28% invested by Israeli investors (Globes, April 14).

5. The London-based Sam Capital and the Minneapolis-based Piper Jaffray participated in a $60MN investment in Israel CleanTech Ventures (Globes, April 13). The Luxembourg-based Mangrove Capital Partners, the Menlo Park-based Benchmark Capital and Bessemer Venture Partners, the Palo Alto-based DAG Ventures and the NY-based Insight Venture Partners participated in a $40MN round by Israel’s Weeks (Globes, March 30). The Hong Kong-based Pacific Technology Fund and the Menlo Park-based Bessemer participated in a $26MN 4th round by Israel’s Altair (Globes, April 11). The Boston-based Spark Capital and the Menlo Park Bessemer and Redpoint Ventures participated in a $20MN round by Israel’s AdaptTV (Globes, March 30). The
Menlo Park-based Draper, Fisher, Jurvetson and the Menlo Park-based Kleiner Perkins co-led an $18MN round by Israel’s agro-tech Kiima (Globes, April 6).
The UK-based Lewis Trust Group participated in an $18MN round of private placement by Israel’s OrSense (Globes, May 3). The Boston-based Globespan and the Menlo Park-based Sequoia Capital participated in a $15MN 3rd round by Israel’s Kaminario (Globes, May 3). Motorola Ventures, the Needham-based Stata Ventures, the Tulsa-based Argonaut Private Equity, the San Jose-based Stryker Endoscopy and the Japan-based NTT invested $15MN in Israel’s Amimon (Globes, March 25). Germany’s medical giant, Merck committed 10MN Euro to Israel’s biomed incubator in Yavneh (Globes, March 31). The Menlo Park-based Benchmark, the Palo Alto-based DAG Ventures and the Menlo Park-based Opus Ventures participated in a $12MN 4th round by Israel’s Clarizen (Globes, May 2). The S.F.-based Saints Capital led a $12MN 5th round by Israel’s AngioScore, which is located in California (Globes, April 28). The NY-based OrbiMed invested $10.5MN in Israel’s SMT (Globes, April 4). The London, NY and Sidney-based Generation CleanTech Investment Management invested $10MN in a 3rd round by Israel’s Tigo Energy, its second Israeli investment – $10MN in GreenRoad in 2010 (Globes, April 14). The Waltham-based Northbridge Venture Partners, the Boston-based Egan Venture Capital and the Deerfield-based Vernon & Park Capital invested $4MN in a 3rd round by Israel’s CurrenSee (April 21). The Boston-based Schooner Capital participated in a $4MN 1st round by Israel’s Zixi (Globes, April 13). The
Menlo-Park Benchmark and the Bellevue-based Trilogy Partners and Ignition Partners invested $4MN in a 4th round by Israel’s Xeround (Globes, April 6).
Eric Schmidt, Google’s outgoing CEO invested $1MN in Israel’s EyeView (Globes, May 2).

RON’S COMMENT: There are many in the media who delight to announce who’s boycotting Israel and Israel’s industries. Amb. Ettinger has provided a wonderful list of those successful companies who choose instead to invest and partner with Israel and be blessed!

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About the author

Ron Ross worked as the first Sports Editor at WINTV. In Wollongong. He ran The Hamburger Hut an outreach and discipleship program for youth. He served with Youth With a Mission in Hawaii, Philippines and Australia. He was senior pastor of the Noosa Baptist Church, Queensland for 9 years. He reported news from Jerusalem for five years and is now the Middle East correspondent for United Christian Broadcasters and travels regularly preaching and teaching.

One Response to “Israel isolated? The prophets of doom are wrong again!”

  1. Prophets Doom says:

    […] Israel isolated? The prophets of doom are wrong again! « Ron Ross … The prophets of doom are wrong again! This article was compiled by Ambassador (ret) Yoram Ettinger (Israel). For more like this please visit 1. Israel's unemployment has declined to 6% in February, 2011, […]

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