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Moovit, Mobileye, Vemma Nutrition and more in Start-Up Nation

2013 proved to be a fruitful year for Israel's high-tech industry
The MoovIt app in action (Phoot credit: Courtesy)
The MoovIt app in action (Phoot credit: Courtesy)

While there is settlement building, there’s also the importance task of economic development – which Israel continues to do an amazing job of.

The Israeli business and entrepreneur spirit continues to be well celebrated.

From Moovit which raised $28 million in December to entrepreneurs who brought Vemma to Israel, to Mobileye, which expects to sell 1.5 million this year that raised $400 million in new capital in July, in 2013, the start-up nation continues to develop, grow and thrive economically.

Some highlights of 2013:

• “Israel’s tech boom is good for Israel and for the global economy. The Tel Aviv Stock Exchange lists 616 companies, meaning Israel has one public company for every 12,500 citizens.” Forbes.com

• “Israel is quickly becoming an innovation giant. With just over 7.7 million people, Israel has an estimated 4,800 startups, many of them high tech.” Gary Shapiro

Vemma Nutrition Company, which a few months ago announced that sales reached $20 million per month have recently opened offices in Ra’anana.

• “Facebook will acquire a Tel Aviv technology start-up company and open its first office in Israel, the social networking giant announced yesterday. The deal to acquire Onavo, which reportedly cost Facebook between $100 million and $200m., was far from the largest acquisition of an Israeli tech company.” JPost.com

• Israel’s economy is on track to grow at a 3.4 percent rate for the second straight year in 2013 – this in a time of shrinking economies worldwide.

• “Waze created a navigation app that won over tens of millions users and put paid to the old husband-wife debate about whether to check a map or ask directions. Google paid more than a $1 billion to buy Waze in June, a giant deal that enhanced Israel’s place on the global high-tech map.” Haaretz.com

• “Israel continues to innovate and change worldwide markets – even as it’s a tiny nation under continual attack.” Ron Hershco

• “What I believe sets us second only to [Silicon Valley] are our risk-taking, no shame in failure, along with having 30 years of [high-tech] experience behind us. No shortcuts when it comes to culture and experience.” Roi Carthy

• “Rivaling Wix as one of Israel’s biggest Internet companies, Conduit makes web and mobile engagement tools for a variety of companies from Time Warner Cable to Travelocity. The company counts more than 250 million users in 120 countries and was measured to be worth $1.5 billion in its last valuation.” US News

Simply remarkable to continue to watch the desert economy of Israel flourish.

About the Author
Ronn Torossian is the Founder, President & Chief Executive Officer of 5WPR. Headquartered in New York City, the firm is one of the 25 largest independent public relations firms in the United States. 5WPR has been named “PR Agency of the Year” by the American Business Awards; and Ronn Torossian is the winner of the Silver Stevie Communications, Investor Relations, and PR Executive of the Year of the Year Award by the American Business Awards. Ronn’s book, “For Immediate Release: Shape Minds, Build Brands, and Deliver Results with Game-Changing Public Relations,” received rave reviews. He is a member of the prestigious Young Presidents Organization (YPO) and is an active board member of a number of non-profit organizations. Ronn Torossian is a frequently sought after communications expert, often appearing on FOX News, CNBC, Huffington Post, Time Magazine, and other major media outlets. He resides on the Upper West Side of Manhattan with his family. Email: rtorossian@5wpr.com Facebook: Ronn's Facebook Twitter: Ronn's Twitter Page
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