Israel at war: Eric Shtilman, CEO of Rapyd, in Chabad war room with advocate Mordechai Tzivin
Here is the Jewish Business News List of the top 6 mergers and acquisition stories that came out of Startup Nation Israel in 2023, from Imperva to Rapyd.
Imperva Sold To Thales For $3.6 Billion
The biggest M&M story to come out of Startup Nation Israel was back in January when Israeli-founded cybersecurity company Imperva was bought out by French multinational company Thales for $3.6 billion.
Founded in 2002 by Amichai Shulman and Mickey Boodaei, Imperva calls itself a cybersecurity leader with a mission to protect data and all paths to it. The company states that it protects the data of over 6,000 global customers from cyber attacks through all stages of their digital transformation. ”Our products are informed by the Imperva Research Lab, a global threat intelligence community, that feeds the latest security and compliance expertise into our solutions,” explains Imperva.
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Serverfarm Sold To Canada’s Manulife At $1.5 Billion Valuation
Serverfarm, an Israeli data center owner and operator, was acquired by the Canadian firm Manulife Investment Management in May. The deal left Serverfarm with a $1.5 billion valuation.
Founded in 1999 by CEO Avner Papouchado, Serverfarm calls itself a unique data center developer and operator – and the global leader in Data Center Management as a Service (DMaaS). For over 24 years, we’ve maximized operational efficiencies and managed critical IT infrastructure and environments for the world’s top enterprises.
Serverfarm currently operates a portfolio of eight data centers across North America, Europe, and Israel that aggregate more than 1.5 million gross square feet and 125MW of IT capacity, and it has secured additional land for future data center developments.
NeoGames Sold At $1.2 Billion Valuation
Also in May, NeoGames, an Israeli founded technology-driven provider of end-to-end iLottery and iGaming solutions globally that is publicly traded on the NASDAQ, was acquired by Aristocrat Leisure Limited, an Australian entertainment and content creation company delivering mobile and casino games, for $29.50 per share in an all-cash transaction. The deal gave NeoGames a valuation of approximately $1.2 billion.
Founded in 2005, NeoGames offers iLottery solutions and services to national and state-regulated lotteries. The company says its mission is to be the long-term partner of choice for lotteries worldwide on their journey in the online interactive era.
Phillip Morris Bought Israel’s Syqe Medical For $650 Million
In July, Syqe Medical, an Israeli firm that develops a cannabis inhaler, the world’s first, was acquired by American corporate behemoth Phillip Morris, best known for its tobacco products. The deal was worth as much as $650 million and included an initial investment of $120 million to support the process of obtaining FDA approval for Syqe’s inhaler.
Founded in 2011 by CEO Perry Davidson, Syqe Medical is an Israeli company that develops technologies for the pharmaceutical administration of raw medicinal plants by inhalation; it has developed the world’s first and only inhaler enabling metered-dose administration of plants, which has the level of precision and safety of a drug. The Syqe inhaler is the world’s first regulatory approved medical device preloaded with a controlled substance. Based in Tel Aviv, Syqe is committed to best-in-class in performance, reliability, and safety. Syqe continues to innovate and scale with the goal of redefining the standard of care and delivering the most effective treatment to patients.
Israel’s Rapyd Acquired PayU For $610 Million
Rapyd, an Israeli fintech startup, acquired PayU Global Payment Organization from the Netherlands-based investment company Prosus for $610 million. The deal, made in August, did not include the acquisition of PayU’s India, Turkey and Southeast Asia operations.
Founded in 2016, Rapyd boats that it does for fintech what the cloud did for IT. The company says that its Global Payments Network connects a company to “all the ways the world likes to pay and the infrastructure to create your own fintech solutions, like e-wallets, cards and financial services.
