From Google’s $32 billion Wiz deal to a wave of strategic and private equity takeovers.
2025 will be remembered as a watershed year for Israeli high-tech. After a prolonged slowdown in global tech dealmaking, acquisitions involving Israeli-founded companies surged to an estimated $80 billion, setting a new record for exits and underscoring Israel’s central role in cybersecurity, cloud infrastructure, fintech, insurance software, and AI-driven industrial systems.
At the top end, a handful of mega-deals dominated headlines. But taken together, the year’s ten largest transactions tell a broader story: of global incumbents buying growth rather than building it; of private equity returning forcefully to software; and of Israeli founders cashing out at scale after years of building through volatility.
Below are the 10 largest Israeli high-tech M&A deals of 2025, ranked by deal value.
Google’s parent company, Alphabet, agreed to buy cloud security startup Wiz for $32 billion, making it the largest acquisition in Google’s history and the biggest cybersecurity deal ever recorded.
Founded in 2020 by Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, Wiz rose at unprecedented speed, becoming one of the fastest-growing enterprise security companies globally. A year earlier, the founders walked away from a $23 billion offer amid regulatory concerns and instead pursued an IPO path. The eventual deal suggests a changed regulatory calculus, and Google’s urgency to strengthen its cloud security position against Microsoft and Amazon.
Palo Alto Networks’ $25 billion all-stock acquisition of CyberArk marked the second-largest Israeli tech exit ever and a defining moment for the cybersecurity industry.
CyberArk, founded in 1999 by Alon Cohen and Udi Mokady, pioneered identity security long before it became a central attack vector. The deal represents a strategic reversal for Palo Alto, whose founder Nir Zuk long dismissed identity as peripheral, until AI-driven threats made it unavoidable. CyberArk entered 2025 projecting $1.3 billion in revenue and $225 million in operating profit, far outpacing some of its publicly traded peers.
ServiceNow’s $7.75 billion all-cash acquisition of Armis came just weeks after the company raised $435 million at a $6.1 billion valuation.
Founded in 2015 by Yevgeny Dibrov and Nadir Izrael, Armis specializes in securing critical infrastructure and unmanaged devices across enterprise environments. The sale capped a rapid valuation climb that included multiple funding rounds and acquisitions of its own, and underscored the strategic premium placed on real-time visibility across complex digital attack surfaces.
New Zealand-based accounting software firm Xero agreed to acquire fintech startup Melio in a deal valued at up to $3 billion, including earnouts.
Founded in 2018 by Matan Bar and Ilan Atias, with Tomer Barel as president, Melio built a large U.S. payments business, processing more than $30 billion annually for over 80,000 small businesses. The deal gives Xero a strategic payments foothold in the U.S. and delivered one of Israel’s largest fintech exits, despite Melio’s valuation having declined in its most recent private round.
Munich Re, through its ERGO unit, agreed to acquire Next Insurance for $2.6 billion in cash.
Founded in 2016 by Guy Goldstein, Nissim Tapiro, and Alon Huri, Next built a technology-driven insurer focused on U.S. small businesses. Although the acquisition price was below its last private valuation of $4 billion, the deal reflects the return of strategic buyers to insurtech after a prolonged correction.
https://www.calcalistech.com/ctechnews/article/hkzohvfnbx#google_vignette
