Flush with funds, Israeli tech firms delay exits

Attendees gather at the exhibit stall of software technology firm Check Point at the Cybertech 2016 conference in Tel Aviv, Israel, January 26, 2016. REUTERS/Baz Ratner/File Photo

TEL AVIV: Whenever potential buyers have approached Tel Aviv-based Fiverr, the technology firm has said no; like a growing number of Israeli startups, it has enough backing from private investors to stay independent for longer. 

Traditionally, many of Israel's numerous tech companies have sold out at an early stage to global giants like Cisco, IBM and Microsoft. Only a few – such as cyber security leader Check Point Software – have reached a significant size.