1. Deals Analysis
October 21, 2020

Israel’s technology industry sees a rise of 4.4% in deal activity in September 2020

By Carmen

Israel’s technology industry saw a rise of 4.4% in overall deal activity during September 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 24 deals worth $328m were announced in September 2020, compared to the 12-month average of 23 deals.

Venture financing was the leading category in the month in terms of volume with 16 deals which accounted for 66.7% of all deals.

In second place was M&A with seven deals, followed by private equity with one transactions, respectively accounting for 29.2% and 4.2% 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 $248m, followed by private equity deals totalled $80m.

Israel technology industry deals in September 2020: Top deals

The top five technology industry deals accounted for 42.2% of the overall value during September 2020.

The combined value of the top five technology deals stood at $138.5m, against the overall value of $328m recorded for the month.

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

1) American Express Ventures, Arbor Ventures, Viola Ventures, Joey Low, Maor Investments and Red Dot Capital Partners’ $35m venture financing of EverCompliant

2) The $30m acquisition of Odo Security by Check Point Software Technologies

3) Awz Ventures, Insight Partners and The Blackstone Group’s $25m venture financing of Pcysys

4) The $25m acquisition of Fleetonomy by Via Transportation

5) THL Automation Fund’s venture financing of Phytech for $23.5m.

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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