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New HP VP Boaz Chalamish
New HP VP Boaz Chalamish 
 
 

HP exec: Israel is our winning ticket

Company senior VP talks about investment in Israeli hi-tech; executives express excitement over Hewlett-Packard acquisition of Mercury

Avi Shauli
Published: 11.20.06, 04:57 / Israel Business

According to Hewlett-Packard's senior Vice President of Software Tom Hogan, Israel is the company's winning ticket.

 

In the press conference following HP's USD 4.5 billion purchase of Mercury, Hogan also announced that Boaz Chalamish, who served in various senior positions at Mercury, has been tapped to become a Vice President for Research and Development at HP International.

 

According to Hogan, Hewlett-Packard has invested some USD 5.5 billion in Israeli technology in the past four years, the largest investment by any firm in Israeli hi-tech.

 

We don't mean to stop here, said Hogan, stating that the company is constantly looking to Israel to find further investments.  We believe that the human capital in Israel provides us with interesting opportunities in our field, he added.

 

Boaz Chalamish said that Mercury workers are proud firstly of the product they have created, which was purchased at a phenomenal price, and secondly, that they are joining such a high quality team as Hewlett-Packard.

 

Israel is turning into HP International's largest software center and I have no doubt that it has had a significant effect on the development of HP's software division, Chalamish said.

 

CEO of HP Israel Joshua Bakola said that the branch would benefit greatly from Mercury's customers in Israel and vice versa.

 

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