Grow your business JOURNEY 2019 Conference
Entrepreneurs drive change. See you at the JOURNEY 2019 Conference.
Credit Suisse is delighted to co-host Israel’s most prestigious business conference focusing on technology, the JOURNEY 2019.
The conference brings together more than 2000 participants from more than 500 companies, looking to gain insights on the latest innovations from over 100 speakers and dozens of potential investors from Israel and abroad. The JOURNEY serves as a unique platform for knowledge sharing and networking.
This year’s JOURNEY will address the phenomenon of fast growing companies both in the Israeli and global ecosystems. As companies continue to generate millions of dollars in revenues they are expected to face numerous challenges regarding fundraising, sales growth, global deployment, employee management and organizational structure. How can companies maintain their DNA and original values amidst these rapid changes?
In addition to the Credit Suisse desk at the JOURNEY, two of our experts will participate in the following panel discussions:
September 18, 2019
|14:00 – 15:00||
Banking on entrepreneurial mindset
We are honored to have Marius Nacht, Lihi Segal, Eyal Waldman and David Wah in conversation with the Chairman of Credit Suisse Strategic Client Partners, Babak Dastmaltschi, on the topic of “Banking on entrepreneurial mindset”. The high-profile panel will focus on the key question: How can entrepreneurs maximize their potential, break into international markets or extend business opportunities on a global level? We will discuss the value of relationships and preparation for taking the next big step as an entrepreneur. Please find the speaker profiles below.
|15:00 – 16:00||
The story behind a mega fundraising
What are the insights behind a mega fundraising? In the panel discussion “The story behind a mega fundraising”, Philipp Cerf, Co-head of Technology, Media and Telecom, EMEA at Credit Suisse (see speaker profile below), will join Aharon Aharon from Israel Innovation Authority, Catherine Leung from MizMaa Ventures, Nissim Tapiro from Next Insurance and Nir Zohar from Wix.com for an in-depth discussion on the topic, moderated by Joshua Kiernan from Latham & Watkins.
In addition to his participation in the panel discussion, Philipp Cerf also wrote a guest column for Journey 2019 on the topic of "In cloud we (must) trust".
In cloud we (must) trust
By Philippe Cerf
Managing Director, Co-head of Technology, Media and Telecom, EMEA, Credit Suisse
The cloud revolution is only beginning. As it continues to bring profound changes to how technology is distributed and consumed across all business sectors, this plays to Israel’s high tech industry core strengths in communication, security and software development. While the term ‘cloud’ is a bit of an all-size-fits-all tech concept (not trailing far behind the much abused ‘AI’), we have seen cloud computing democratize the access to unlimited computing power. Every user can have access to the cloud without the need to set up costly IT systems. There is no alternative: To remain competitive companies need to move to the cloud to reduce IT costs and address the evolving business needs of their customers and employees.
The complexity of this adoption cycle is not to be underestimated and an area where Israel’s high-tech industry is playing a key role. Helping to optimise and secure the cloud and aiding companies to navigate the complexities of the transition are but some of the areas where the nation’s technological developments of XaaS (Everything-as-a-Service) and cybersecurity are fueling explosive growth rates for startups. Companies, especially in regulated industries like banks, insurance or healthcare, are understandably proceeding cautiously towards the cloud. The pace, however, is accelerating according to what our tech clients are telling us. Mid-sized enterprises are picking up managed services to accelerate and simplify the move to software as a service.
Approximately 90% of all workloads will reside in public, private or hybrid cloud architectures by the end of 2021, according to Credit Suisse research (“2019 Outlook. The Cloud Has Four Walls”, published Dec. 2018). This transition is happening globally at an impressive compounded annual growth rate (CAGR) of 15% and is expected to continue at this pace for the near future.
This has led to a surge in M&A activity in the cloud industry. This is particularly relevant to Israel where local companies have taken advantage of cloud platforms that make powerful AI, ML and IoT tools and services.
One example, out of many, is the Israel-based early innovator in high-performance interconnect technology, Mellanox, sold for $6.9 billion to NVIDIA in March. The data and compute intensity of modern workloads in AI, scientific computing and data analytics is growing exponentially and Mellanox was the first to pioneer interconnect technology, which optimizes datacenter-scale workloads across the entire computing, networking and storage stack. This helps achieve higher performance, greater utilization and lower operating cost for customers. Together, the two companies power over 250 of the world’s TOP500 supercomputers and have as customers every major cloud service provider and computer maker.
Cloud computing inevitably poses risks of insecure interfaces and APIs (application programming interface), data loss and leakages. This has driven a consolidation trend of cloud-based infrastructure providers acquiring cyber-security startups. With more regulation requiring the introduction of more security and controls, more automated systems are needed to manage and maintain these checks and controls efficiently. As such, we see cyber security solutions becoming increasingly omnipresent at both the data management and data infrastructure levels. Israel is a particular place of interest for cyber security solutions, being the world’s second-largest exporter of cyber technology behind the U.S., accounting for ~20% of global cyber security VC funding in 2018.
We expect Israel to continue to be a leading source of global cloud innovation due to record levels of high-tech exports and an unprecedented rate of development of transformative technologies in a nation known for startups. We will continue to see significant M&A, equity and debt opportunities in Israel, arising from the country’s contribution to the cloud revolution.
Join us at the Hilton TLV Hotel for the panel
Babak Dastmaltschi is a Managing Director of Credit Suisse. As the Chairman of IWM Strategic Client Partners he is responsible for the coverage and development of select top clients of the bank, focused on multi-regional conglomerates. He joined Credit Suisse in 2001, and previously worked at Morgan Stanley, Bankers Trust, and McKinsey & Company.
Marius Nacht is Anchor Investor of the aMoon Funds, focused on revolutionary Israeli HealthTech and Life Sciences. Mr. Nacht is the Chairman of Check Point Software Technologies (NASDAQ:CHKP) a global pioneer of CyberSecurity, which he co-founded in 1993. He recently established the “8400 Health Network”, a non-profit NGO, aimed at fostering cross-sector collaboration within Israel’s healthcare eco-system.
Lihi Segal co-founded DayTwo in 2015 to bring personalized health solutions based on the gut microbiome into the consumer mainstream. She is experienced in leading business and financial operations having been COO and CFO of Sisense, a provider of business intelligence and analytics software, before starting DayTwo.
Eyal Waldman is a co-founder of Mellanox, and has served as Mellanox’ s president and chief executive officer since March 1999. From March 1993 to February 1999, Mr. Waldman served as vice president of engineering and was a cofounder of Galileo Technology Ltd. which was acquired by Marvell Technology Group Ltd. in January 2001. Mr. Waldman left Galileo Technologies in 1999 to start Mellanox Technologies, a leading supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for server and storage systems.
Since 1996, Mr. Wah has been part of Credit Suisse’s Technology Group and he has advised on many of the Technology industry’s largest IPOs, equity and high yield financings. He is a member of the Investment Banking and Capital Markets Division’s Global Operating Committee.
Philippe Cerf heads the technology investment banking team for Credit Suisse in Emea. The team’s coverage extends across tech verticals and recent activity has included the sale of eFront to Blackrock, KMD to NEC, Linxens to Tsinghua Group; financings for Softbank, Gett, BenevolentAI and IPOs of Farfetch, Avast, Endava and Siltronic.
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