Israel’s technology industry saw a rise of 39.1% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 32 deals worth $1.18bn were announced in June 2020, compared to the 12-month average of 23 deals.

Venture financing was the leading category in the month in terms of volume with 19 deals which accounted for 59.4% of all deals.

In second place was M&A with 12 deals, followed by private equity with one transactions, respectively accounting for 37.5% and 3.1% of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in Israel’s technology industry with total deals worth $1bn, while private equity and venture financing deals totalled $180.9m and $0.57m, respectively.

Israel technology industry deals in June 2020: Top deals

The top five technology industry deals accounted for 90.6% of the overall value during June 2020.

The combined value of the top five technology deals stood at $1.07bn, against the overall value of $1.18bn recorded for the month.

The top five technology industry deals of June 2020 tracked by GlobalData were:

1) NetApp’s $450m acquisition of Spotinst

2) The $365m acquisition of OptimalPlus by National Instruments

3) Microsoft’s $170m acquisition of CyberX

4) The $48m venture financing of ArtList by Elephant Partners and KKR &Inc

5) Alibaba Group Holding, Blumberg Capital, Hanaco Venture Capital, Mangrove Capital Partners, Schusterman Family Investments, SilverTech Ventures, Sistema VC and World Trade Ventures’ venture financing of SQream Technologies for $39.4m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.