(photo credit:Marc Israel Sellem)
Waze, sold on Tuesday to Google for $1.1 billion, broke a record for the highest
price ever paid for a phone application, but certainly not for the highest price
for an Israeli company:
1. The highest sold Israeli company comes in at a price
of $5 billion. In 2012, NDS was bought by Cisco in an effort to improve their
video capabilities. NDS is a software developer for pay-TV technology and was
established in 1988. One of their biggest products is the VideoGuard which
allows conditional access on technology.
2. Coming in at number two is an
Israeli metalworking company named Iscar that was bought by Warren Buffett’s
Berkshire Hathaway Inc. in 2006 and cost $4 billion.
Founded in 1952 to
manufacture metal cutting tools, Iscar is now praised by Buffett as one of his 5
most profitable companies.
3. In an effort to move into digital products,
Kodak bought Creo in 2004 for $980 million. Creo, whose name is derived from the
Latin term “to create” is an imaging and software company that was founded in
1983. Unfortunately, buying Creo did not revive the business and Kodak continues
to struggle in its industry.
4. With the development of the online world,
online shopping became a new option. It is no surprise that comparison shopping
sites, like Shopping.com became popular as it offers price comparisons and
product information. In 2005, EBay decided to buy shopping.com for $620
million in an effort to expand their reach.
5. Some of the earliest
instant messaging technology was created by an Israeli start up company called
Mirabilis. This company created the ICQ technology that allowed real time online
chatting. Founded in 1996, the company was quickly bought by AOL in 1998 for
$407 Million and was an important development in the world of online
6. Have you noticed that recently Facebook has been able
to help identify friends and make tagging simpler? That technology could be
expanded using the Israeli start-up Face.com to also put the facial recognition
on your mobile uploads. In 2012, Facebook decided to buy this technology for
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