Israel Ranks Just 20th in Annual UN Cybersecurity Index

TechNation | High-tech exits decline to five-year low in the first half ■ Exports by Intel Israel fell in 2016 but still comprised 8% of country’s total

Prime Minister Benjamin Netanyahu, speaking at a cybersecurity conference in Tel Aviv, June 26, 2017.
Gil Cohen-Magen

High-tech exits decline to five-year low in the first half

Israeli high-tech exits fell to a five-year low in the first half due to changing U.S. tax policies and tighter controls of capital outflows from China, Israel Venture Capital Research Center said in a report it prepared with Meitar Liquornik Geva Leshem Tal law firm released on Wednesday. Exits totaled just $1.95 billion in January-June from 46 mergers and acquisitions, seven initial public offerings and four buyouts. The average exit was for $34 million, well below the average of $87 million in first-half 2016, when there were 115 exits totaling $10 billion. IPOs recovered somewhat in the first half, with seven offerings grossing $227 million, compared with $22 million last year. “We believe that the possible change in taxation regime in United States is forcing American acquirers to rethink their capital management strategies,” said Alon Sahar, a partner at Meitar, adding that tougher capital controls by Beijing were deterring Chinese companies from buying Israeli startups. (Eliran Rubin)

Exports by Intel Israel fell in 2016 but still comprised 8% of country’s total

Exports by Intel Israel fell for a third straight year to $3.4 billion in 2016, although they still accounted for 8% of Israel’s total exports, the company said on Tuesday. Exports peaked at 2014 at $4.25 billion and fell to $4.1 billion the following year as the company’s giant Kiryat Gat fabrication facility retooled to produce next-generation chips, a process that should lead to higher output and exports this year. Meanwhile, Intel said it bought 5.76 billion shekels ($1.6 billion) of products and services locally, 75% of it from medium-sized and small businesses. “Once again Intel has made a significant contribution to the country’s economy via exports and local procurement of products and services,” Intel Israel CEO Yaniv Garty said. The company employs 10,200 people in Israel. (TheMarker Staff) 

Israel ranks just 20th in UN cybersecurity index

Israel may be a world center for cybersecurity technology, but the country itself doesn’t fare so well in the UN’s International Telecommunications annual Global Cybersecurity Index released on Wednesday. Israel ranked 20th among 165 countries, one notch behind New Zealand and one ahead of Latvia.  The ranking, based on countries’ legal, technical and organizational institutions, their educational and research capabilities, and their cooperation in information-sharing networks, gave only one country a near-perfect score and that was Singapore. The rest of the top 10 were the United States, Malaysia, Oman, Estonia, Mauritius, Australia, Georgia, France and Canada. Russia ranked 11th. India was 25th, one place ahead of Germany, and China was 34th. Palestine was ranked 104th worldwide, but eighth among the Arab region’s 16 countries. “There is still an evident gap between countries in terms of awareness, understanding, knowledge and finally capacity to deploy the proper strategies, capabilities and programs,” the survey said. (Reuters and TheMarker Staff)