The biggest Israeli exit is Google's $32 billion purchase of Wiz, followed by Palo Alto Networks' $25 billion deal for CyberArk and Intel's $15.3 billion purchase of Mobileye in 2017. CTech's ranking by announced deal value also includes Armis, Mellanox, Varonis, NDS, Chromatis, Mercury Interactive and Melio. Three of the top four deals were announced in 2025.
Last updated: October 30, 2026
What are the biggest Israeli exits of all time?
The biggest Israeli exit is Wiz, sold to Google for $32 billion, and nine other deals complete the top 10 by announced price.
| Rank | Company | Buyer | Announced value | Year | Sector |
|---|---|---|---|---|---|
| 1 | Wiz | Google (Alphabet) | $32B | 2025, closed March 2026 | Cloud security |
| 2 | CyberArk | Palo Alto Networks | $25B | 2025, closed Feb 2026 | Identity security |
| 3 | Mobileye | Intel | $15.3B | 2017 | Driver assistance |
| 4 | Armis | ServiceNow | $7.75B | 2025, closed April 2026 | Cybersecurity |
| 5 | Mellanox | Nvidia | $6.9B | 2020 (announced 2019) | Networking chips |
| 6 | Varonis | Proofpoint | About $6.3B | 2026, pending | Data security |
| 7 | NDS Group | Cisco | $5B | 2012 | Video content security |
| 8 | Chromatis Networks | Lucent | $4.5B | 2000 | Optical networking |
| 9 | Mercury Interactive | HP | $4.5B | 2006 | IT optimization software |
| 10 | Melio | Xero | Up to $3B | 2025 | Business payments |
Values are announced prices from CTech's ranking. Melio's figure includes earnouts. Early reports put Armis above $8 billion, but the announced price was $7.75 billion in cash. Palo Alto Networks reported $21.1 billion in purchase consideration for CyberArk at closing, below the $25 billion equity value announced in 2025, because the deal was part stock.
How is this ranking built?
This ranking follows CTech's list of Israeli technology acquisitions, ordered by announced deal value, updated in October 2026. Announced value is not the same as cash received by founders, and it is not adjusted for inflation. A 2000 deal and a 2025 deal are listed at their own dollar figures. Mellanox is dated 2020 by CTech, though other outlets date the announcement to March 2019.
Why did 2025 and 2026 produce so many record exits?
Two mega-deals in 2025 more than doubled the previous record. Calcalist reported that exits by Israeli high-tech companies reached $80 billion in 2025. A filing by Israel Acquisitions Corp, citing Startup Nation Central, puts the 2025 total at $74.3 billion across 150 transactions. The two figures use different counting, so treat both as estimates of a record year.
Cybersecurity drove much of it. A NightDragon report found 20 Israeli cyber exits worth $59 billion in the first eight months of 2025. Google completed the Wiz deal in 2026 after multiple antitrust regulators cleared it. The Times of Israel estimated the deal would put about $3.2 billion into state coffers.
What do the top 10 exits have in common?
Five patterns stand out in the ranking.
- Four of the ten are cybersecurity companies: Wiz, CyberArk, Armis and Varonis. NDS adds a fifth security-related name.
- Five of the ten were announced in 2025 or 2026: Wiz, CyberArk, Armis, Melio and Varonis.
- Nine of the ten buyers are US companies. The exception is Xero of New Zealand.
- Only two deals predate 2010: Chromatis in 2000 and Mercury Interactive in 2006.
- Several were paid mostly or entirely in cash: Wiz, Armis and Varonis. CyberArk was cash and stock.
Which big deals missed the top 10?
Several well-known Israeli sales fall outside CTech's top 10, and by announced price two of them would rank inside it. Playtika was bought in 2016 by a consortium led by Giant for $4.4 billion, which is above Melio's $3 billion. SodaStream was bought by PepsiCo in 2018 for $3.2 billion, also above Melio. CTech does not explain why it leaves them out, so this is Olam's observation, not CTech's ranking.
Smaller landmark deals include Medtronic's purchase of Mazor Robotics in 2018 for about $1.6 billion, then the largest Israeli medical exit, and Google's 2013 purchase of Waze, reported at $1.1 billion by most outlets and $1.3 billion by others. For the companies behind these deals, see Olam's Mobileye profile, Amnon Shashua's profile and Playtika's Nasdaq profile. Playtika's consortium vehicle, Alpha Frontier, held 77% right after the company's 2021 IPO. More deals are tracked in Olam's Venture and Exits coverage.
Which Israeli exits are still pending?
Three large deals were announced but not completed as of this update. Proofpoint agreed in October 2026 to buy Varonis for about $6.3 billion in cash, expected to close in the first half of 2027. If it closes at that price it keeps sixth place. Visa agreed to buy BioCatch for about $2.4 billion, expected by the end of Visa's fiscal second quarter of 2027.
The newest is Intel's agreement to acquire Classiq, the Tel Aviv quantum software company, announced on October 26, 2026. Intel did not disclose a price. Calcalist's CTech and Haaretz reported about $2.3 billion in cash and Intel stock, according to a Dealroom summary of the coverage. At that figure it would rank just below Melio's $3 billion and above the pending BioCatch deal.
What happens to Israeli teams after an exit?
Retention is usually fixed for three to four years. Calcalist noted that founders typically leave the acquirer once those commitments end, and that decision centers can migrate abroad. At the CyberArk announcement, Palo Alto said all employees were expected to keep working in Israel, and it noted it had invested more than $1.5 billion over a decade buying smaller Israeli startups.
Taxes depend on structure. Lawyer Ayal Shenhav of Goldfarb Gross Seligman explained that most exits are share sales, so tax is assessed on shareholders, not the company, which makes the Israeli share of any deal hard to know.
Frequently asked questions
What is the biggest Israeli exit ever?
Google's $32 billion acquisition of Wiz, announced in March 2025 and completed in March 2026.
What was the biggest Israeli exit before Wiz?
Intel's $15.3 billion purchase of Mobileye in 2017. CyberArk's $25 billion sale to Palo Alto Networks, announced in 2025 and closed in February 2026, now sits second.
Has the Varonis deal closed?
No. Proofpoint agreed to buy Varonis in October 2026 for about $6.3 billion, with closing expected in the first half of 2027.
What is the Classiq deal?
Intel signed a definitive agreement on October 26, 2026 to acquire Classiq. The price was not disclosed, and media reports put it at about $2.3 billion.
Why are Playtika and SodaStream not in the top 10?
CTech's technology ranking does not include them. By announced price, Playtika ($4.4 billion) and SodaStream ($3.2 billion) would sit above Melio.
Sources
- CTech top 10 Israeli acquisitions
- Times of Israel on the Wiz closing
- Times of Israel on CyberArk's sale
- Palo Alto Networks 10-Q on CyberArk
- ServiceNow's Armis completion release
- Calcalist on Armis and 2025 exits
- Calcalist cyber exits report
- Dealroom on Intel's Classiq deal
- Jerusalem Post on exits and the economy
- Israel Acquisitions Corp 10-K
- PR Newswire on Playtika's 2016 sale
- Globes on Playtika's IPO
- Unpacked's 15 biggest acquisitions list
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
