TELECOM INDUSTRY NEWS
CalSTRS examines further investments in Israeli IT
A World Pension Forum delegation of US and Canadian investment institutions visited Israel last month. One of the participants, the California State Teachers' Retirement System (CalSTRS) pension fund, which manages $201 billion, said it would keep investing in Israel.
CalStrs is invested in leading Israeli IT companies, among them, Alvarion, AudioCodes, ECI Telecom, Elbit Systems, and others. These companies will be exhibiting in November at Telecom Israel 2006 - Israel's largest telecom and information technology exhibition, organized by the Ministry of Communications, Ministry of Foreign Affairs, Ministry of Industry Trade & Labor, Israel's Export & International Cooperation Institute, Kenes Exhibitions and Israel Trade Fair & Convention Center
Motorola Ventures to investment 25$ million in Israel
Motorola Ventures, the venture capital arm of the world's second-largest cell phone maker, plans to invest up to $25 million in Israeli start-ups in 2006.
The growing market share of Motorola worldwide, that expanded its market share in 2005 by 50% 18/6% with sales of 144 million devices, is persistent in Israel as well.
Motorola Israel will be one of the primary exhibitors at Telecom Israel 2006. A senior executive from Motorola headquarters has guaranteed his participation in the conference.
HP purchases Mercury for USD 4.5 billion
On July 25, Hewlett-Packard, the computer and printer company, announced a definitive agreement to acquire Israeli company Mercury Interactive (Nasdaq:MERQ) for about $4.5 billion in cash. HP paid a 33% premium on Mercury's share. Mercury is a leading IT management software and services company. Its software lets companies measure and monitor the effectiveness and performance of their computer software, hardware and networks. The acquisition was HP's first major deal since it merged with Compaq in September 2001.
According to HP's CEO and president, Mark Hurd, the company is "combining two market-leading businesses to create the most powerful management software portfolio in the industry and expect this important acquisition to deliver significant value for our shareholders."
The Mercury acquisition is expected to increase the size of the HP Software business to more than $2 billion in annual revenue. Immediately following the close of the transaction, Mercury will become part of the HP Software business and both companies' sales forces will begin reference-selling each others' products.
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