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| Israeli Consul Gili Ovadia |
Israel has one of the most vibrant high-tech economies in
the world. Every major U.S. tech company has acquired important technology by
acquiring Israeli startups and that list of acquirers includes Google,
Facebook, EMC, Cisco, Intel,
and IBM, to
name just a few. Last year, Microsoft alone acquired no less than
five Israeli startups. According to a
study
by accounting firm PwC, in 2015 Israel, a small country of 8 million people,
saw 62 tech companies acquired for a total value of $7.2 billion, Among
European nations,
only
Germany and Britain did better.
As Table
1 shows, in terms of deals per population, Israel stands alone, with 7.8 deals
per million people, double the figure of Sweden and five times the level of
Germany or Britain.
