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Stop CPP investments in firms selling military, police, spy or prison-related products to Israel


in 2011

$13 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
(Here's a coupon to subscribe, renew, order copies or make a donation to COAT.  To pay online, use the "Transfer Funds" button at the COAT homepage.)

Investments in Amdocs by other
Top Canadian Pension Funds:
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Total = $13,342,000

With assets of US$4.5 billion, Amdocs is the world’s largest billing service for telecommunications companies. Although registered in the Guernsey Islands, and with operational headquarters in the US, Amdocs is one of Israel’s largest companies. With clients that include America’s top 25 phone companies, Amdocs handles 90% of the transactional call data on all US telephone communications. This data on billions of daily phone calls, includes who called who, and for how long. Information like that is a dream come true for intelligence agencies that engage in surreptitious data-mining operations.

Amdocs has its origins in 1967 when Israel’s Ministry of Communications awarded a tender for Israel’s Yellow Pages to Morris Kahn, who was backed by ITT. (See ITT in table, "CPP Investments.") Kahn, now one of Israel’s richest men, was a top shareholder in a private equity firm called Aurec Group. He and Boaz Dotan, former head of Israel’s Department of Information, cofounded Aurec Information in 1982 to sell billing software to telecom companies. The firm became Amdocs in 1985 when Southwestern Bell Telephone, a wholly-owned subsidiary of AT&T, bought half its shares.

Amdocs has been the subject of several US-government investigations because it was suspected of transferring phone-call billing data to Israeli intelligence agencies. A Fox News report in December 2001 stated that:

"the FBI and other government agencies have investigated Amdocs more than once…. [S]ources tell Fox News that in 1999, the super secret National Security Agency [NSA]…issued what’s called a Top Secret Sensitive Compartment-alized Information report, TS/SCI, warning that records of calls in the United States were getting into foreign hands in Israel, in particular…. that the NSA has held numerous classified conferences to warn the FBI and CIA how Amdocs records could be used."

Soon after 9/11, President Bush issued an executive order authorizing the NSA to conduct telephone surveillance without legal warrants. The scandal broke in the mid-2000s when it was learned that Amdocs’ largest clients, AT&T and Verizon, used two mass-surveillance firms from Israel (Narus and Verint Systems, respectively) to transfer data to the NSA on billions of phone and internet communications per day. (See "Israeli Spy Companies.")

AT&T apparently began collaborating in the government’s warrantless-surveillance program at least eight months before September 11, 2001. That’s when a project began to

"enable the NSA to tap into any phone line and to monitor any digital transfer of information on ATT’s networks including voice telephone calls, facsimile transmission and all internet traffic."

In 1999, Amdocs announced it was integrating Narus systems into its own surveillance programs "to obtain comprehensive network usage information" including all data on "voice, video, and data transmission" over the internet.

Amdocs’ customers include top Israeli telecom firms, with links to Israel’s military: Bezeq, Cellcom, Pelephone and Partner Communications. (See Pelephone and Partner in table, "CPP Investments.")

The trusted connection between Amdocs and Israel’s military industrial complex was amply illustrated in 2011 when the government of Israel appointed Amdocs’ president and CEO, Dov Baharav, to become the chairman of the board at Israel Aerospace Industries, the country’s largest state-owned war industry. (See "State-owned Israeli War Industries.")

A search through the "Executive Profiles" on the Business Week website reveals some ties between Amdocs and Israel’s military and intelligence agencies. For instance, Sami Totah, an 18-year veteran of Amdocs (1984-2002), who served as the company’s chief operating officer and senior vice president, is described as having been a "Captain in an Intelligence Unit" of the Israel Defense Forces (IDF). (Israel’s Globes business paper notes that Totah is "a veteran of Unit 8-200 (the IDF signal intelligence gathering unit)."

Business Week says another Amdocs’ senior vice president, Ayal Shiran, "served in the Israel Air Force, where he was responsible for…the development of computer systems for the F-15 jet airplane." (Israel has used this US-made warplane in numerous attacks, including against Lebanon in 2006, and Gaza in 2008-2009.)

Amdocs’ former general manager of corporate development, Yuval Baharav, did "software development and research projects…in the Israel Defense Forces." While at Amdocs, he managed the integration of an Israeli firm called XACCT Technologies Inc.

XACCT was acquired by Amdocs for US$30 million in 2003. Founded in 1997 by "alumni of Israel’s defense technology unit," such as Eran Wagner, XACCT provides "network data management solutions for global communications service providers." Dion Wiggins the CEO of Asia Online warned that "A closer look at XACCT’s technology reveals some startling implications and opportunities for abuse." When asked about the FBI’s mass collection of data on internet use, Wagner then XACCT’s vice president of technology washed his hands of any complicity in FBI wrongdoing by replying: "We provide them with a weapon; they could abuse the use of the weapon, but it’s up to them."



COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products.

To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66.  Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):

pdf  3M Co
Amdocs Ltd
pdf  Analog Devices Inc

pdf  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
pdf  Cisco Systems
pdf  CRH plc
pdf  Daewoo Engineering & Construction
pdf  Daimler AG
pdf  Delek Group
pdf  Dell Inc
pdf  Discount Investment Corp
pdf  Doosan Corp
pdf  Eaton Corp
pdf  Elbit Systems
pdf  EMC Corp
pdf  Evraz Group
pdf  Fiat Industrial
pdf  Fiat SpA
pdf  Finmeccanica
pdf  Fujitsu Ltd
pdf  Hewlett-Packard Co
pdf  Hitachi Ltd
pdf  Honeywell International
pdf  Hyundai Motor Co
pdf  Hyundai Heavy Industries

Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus

State-owned Israeli War Industries:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.

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Amdocs annual SEC balance sheet

AMDOCS LTD (Form: F-1/A), June 7, 1999.


Mayer v. Verizon et al, June 27, 2006.

Christopher Ketcham, "An Israeli Trojan Horse: How Israeli Backdoor Technology Penetrated the U.S. Government’s Telecom System and Compromised National Security," CounterPunch, September 27, 2008.

Carl Cameron, "Israel Is Spying In And On The U.S.? Part 2," Fox News, December 13, 2001.

Andrew Harris, "Spy Agency Sought U.S. Call Records Before 9/11, Lawyers Say," June 30, 2006.

Amdocs and Narus form Technology Alliance For Internet Billing, June 22, 1999.—06-22narus.doc

"IAI gets new chief amid privatization bid," UPI, June 28, 2011.

Sami Totah

What made Sami run?" Globes, Aug. 27, 2003.

Ayal Shiran

Yuval Baharav

Top 100 Defense Contractors, Defense News

Tim Greene, "XaCCT pinpoints IP network usage," Network World, September 21, 1998.

Eran Wagner

Dion Wiggins, "Big Brother — Real-Time Behavioral Monitoring," January 9, 2002.