The two biggest merger-and-acquisition deals involving Israeli companies during February 2019 had identical price tags of $560 million.
Qlik Technologies of Pennsylvania bought big-data software services provider Attunity, based in Kfar Saba with offices in Asia, North America and Europe; and Palo Alto Networks of California agreed to buy Demisto, which offers a comprehensive security orchestration platform and is based in Cupertino, California with R&D in Tel Aviv.
In other M&A news during February, military drone-maker Aeronautics of Yavneh agreed to be acquired by government-owned Rafael Advanced Defense Systems and businessman Avihai Stolero for $235 million subject to stockholder approval. The public company would become private following the completion of the takeover.
American cybersecurity giant Symantec announced the acquisition of Israel’s Luminate Security, whose Secure Access Cloud technology is being added into Symantec’s Integrated Cyber Defense Platform. Globes reports the deal at about $200 million. Headquartered in Tel Aviv with an office in Silicon Valley, Luminate was founded in 2017 and was named a 2018 Gartner Cool Vendor in cloud security.
Tel Aviv-headquartered multinational freelance services marketplace Fiverr acquired Arizona-based web content company ClearVoice in a deal reported by Calcalist to be worth $10-$20 million.
Here are additional February M&A deals whose financial terms were not disclosed:
Top Image Systems of Ramat Gan entered a definitive agreement to be acquired by automation software supplier Kofax of California.
Tel Aviv and Sunnyvale, California-based machine-learning startup SignifAI was bought by New Relic of San Francisco, which will establish an R&D center in Tel Aviv.
Israel-based global construction and paint materials manufacturer Tambour, part of Singapore’s Kusto Group, bought out industrial and wood paint maker Zetagi Colorficio of Italy, Tambour’s first acquisition outside of Israel.
Beijing-headquartered TAL Education Group acquired AI-powered online test preparation and admissions services startup Ready4 of Boston and Tel Aviv.
DiscoverOrg acquired B2B contact database provider ZoomInfo, which was bought in 2017 by Great Hill Partners for $240 million. Established in 2000, ZoomInfo is based in Massachusetts with an R&D center in Israel and has 120,000 active users globally.
India’s Lohia Group acquired Be’er Tuvia-based Light & Strong, maker of aerospace and military carbon fiber and glass fiber composite components. Lohia said it plans to make Israel a key export hub to the American and European markets.
Automated AI content enhancement platform startup Kamidoo of Israel was acquired by video advertising company Connatix Native Exchange. This is the first acquisition for multinational Connatix, which is based in New York City and has a Tel Aviv office.
Google Cloud signed an agreement to acquire data migration innovator Alooma. Founded in 2013, Alooma is headquartered in Redwood City, California, with most of its team located in Tel Aviv.
Multinational Israeli company JFrog announced the acquisition of Seattle-based Shippable. With offices in Netanya, Sunnyvale (California), Beijing, Toulouse, and Bengaluru, JFrog develops tools to streamline coding and automate software updates. Amazon, Google, Bank of America, Uber and Netflix are among the company’s clients.