Traffic crowd-sourcer Waze became one of the largest purchases in Israel’s history. Waze, founded in 2008, now has nearly 50 million users. The ability to produce such a high-value application is also very good news for Israel’s growing hi-tech scene.
http://www.jpost.com/Business/Business-News/Google-announces-acquisition-of-Israeli-app-Waze-316177
http://news.yahoo.com/waze-sale-signals-growth-israeli-high-tech-174533585.html