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Israel's Silicon Wadi


(Ad Week) Jessica Steinberg - Israel's ability to constantly reinvent itself - fine-tuning back-end programming that makes software run better - has kept it on the world technology map for more than two decades. In the last year alone, IBM bought mobile platform Worklight for $95 million, while Facebook snagged face-identification company Face.com for $60 million. eBay grabbed group gifting widget Appchee Applications (the Gifts Project) for $25 million, while Twitter acquired social information analysis company Julpan for $45 million, according to the Israel Investment Promotion Center.
2012-09-21 00:00:00
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