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Top 5 Mergers & Acquisitions from Startup Nation March 2022


Granulate co-founders Asaf Ezra and Tal Saiag (company Photo)

Everybody looks to the initial public offering. But the IPO is not the only way to make a big exit. There are also mergers and acquisitions. And Israel Startup Nation has plenty of both.

Once upon a time it was the biggest deal for an Israeli startup to get bought out by a world power company like Microsoft or Apple for whatever some of money. But things have changed and now Israeli companies are buying out foreign firms for hundreds of millions of dollars.

Here are the 5 biggest mergers and acquisitions involving Israeli companies from the month of March:

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Intel Buying Israel’s Granulate For $650 Million
Intel Corporation has an agreement to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software. While the terms of the deal were not disclosed, Calcalist reports that it could be worth as much as $650 million.

Founded in 2018 by CEO Asaf Ezra and CTO Tal Saiag, Granulate is an AI-powered optimization layer to improve performance by creating a streamlined environment for any app. Applying dynamic low-level adaptations, Granulate enables organizations to handle their compute workloads with 60% fewer servers, improve throughput 5X per server and reduce latency by 40%. The company has raised a total of $45 million in investments to date.

Israel’s SentinelOne Is Acquiring America’s Attivo Networks For $616.5 Million
SentinelOne, an Israeli cybersecurity firm, is buying out Attivo Networks, an American identity security and lateral movement protection company, in a cash and stock transaction valued at $616.5 million and is expected to close in SentinelOne’s upcoming fiscal second quarter,. SentinelOne currently has a market cap of almost $9 billion.

SentinelOne said that with this acquisition the company is extending its AI-powered prevention, detection, and response capabilities to “identity-based threats, setting the standard for XDR and accelerating enterprise zero trust adoption.”

Israeli Fintech Finaro Acquired By Isaacman’s Shift4 For $575 Million
Shift4, an integrated payment, and technology solutions firm, will acquire Israeli fintech startup Finaro (formerly Credorax), a cross-border eCommerce payments provider with a strong European footprint, and Washington-based cryptocurrency fundraising platform The Giving Block.

The $4.3 billion worth company Shift4, controlled by CEO Jared Isaacman, also acquired the Washington-based cryptocurrency fundraising platform The Giving CEO Jared Isaacman, pays $575 million for Herzliya-based Finaro. A payment of $218.5 million in cash plus shares worth $356.5 million and several tens of millions of dollars more in performance payments.

Israel’s Zimperium Bought By Steve Mnuchin Fund For $525 Million
Zimperium, an Israeli firm that offers a mobile security platform purpose-built for enterprise environments, will be acquired for approximately $525 million by Liberty Strategic Capital, the private equity firm founded and led by former U.S. Secretary of the Treasury Steve Mnuchin.

With this investment, Liberty Strategic Capital will acquire a controlling interest in Zimperium and Secretary Mnuchin will chair the company’s Board of Directors.

Israel’s Papaya Global Acquires UK Co Azimo For $200 Million
Israeli startup Papaya Global, a fintech unicorn that offers a cloud based platform for companies to handle their payrolls, is acquiring Azimo, a British company that offers a digital cross border payments platform for as much as $200 million. The exact price was not revealed, but Calcalist reported that it could be worth that much in both cash and stock.

Papaya Global can certainly afford the acquisition of Azimo. Last September it hit unicorn status with a valuation of almost $4 billion. Papaya became a unicorn after bringing in $250 million in a Series D round of investment and it has raised a total of $440 million in financing to date.



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