1. Deals Analysis
November 22, 2019

Israel’s technology industry sees a rise of 4.4% in deal activity in Q3 2019

By Carmen

Israel’s technology industry saw a rise of 4.4% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 71 deals worth $2.15bn were announced in Q3 2019, compared to the last four-quarter average of 68 deals.

Venture financing was the leading category in the quarter with 49 deals which accounted for 69.01% of all deals.

In second place was M&A with 19 deals, followed by private equity with three transactions, respectively accounting for 26.8% and 4.2% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Israel’s technology industry with total deals worth $1.47bn, followed by venture financing deals totalled $677.05m.

Israel technology industry deals in Q3 2019: Top deals

The top five technology deals accounted for 83.4% of the overall value during Q3 2019.

The combined value of the top five technology deals stood at $1.79bn, against the overall value of $2.15bn recorded for the month.

The top five technology industry deals of Q3 2019 tracked by GlobalData were:

1) Salesforce.Com’s $1.4bn acquisition of ClickSoftware Technologies

2) The $150m venture financing of monday.com by Hamilton Lane, HarbourVest Partners, ION Crossover Partners, Sapphire Ventures and Vintage Investment Partners

3) Claltech, Goldman Sachs Private Capital Investing group and Insight Partners’ $135m venture financing of Lightricks

4) The $60m acquisition of E8 Storage Systems by Amazon Web Services

5) Shenzhen HiFuture Electric’s venture financing of XJet for $45m.

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.

 

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.

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