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COAT's online PETITION now!
Stop CPP investments in firms selling military, police, spy or prison-related products
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Hitachi makes construction equipment used at the Salit Quarry in an Israeli settlement near Ramallah, in the occupied West Bank. Gravel from the quarry is sold wholesale to Israelís Readymix Industries, which supplies construction materials for Israelís separation wall, checkpoints and other infrastructure in the West Bank, is owned by CEMEX.
Hitachi also has a wholly-owned subsidiary in Israel called Hitachi Data Systems. In 2002, its manager, Amikam Magen, said Israel was an "emerging market in the storage, information security and communications sectors" and that Hitachi was "looking to invest in these sectors through Vertex Management Israel [VMI]. VMI, he said, "finds relevant opportunities for direct investments by, or cooperation agreements" with Hitachi.
News that Hitachi had appointed VMI "as its investment representative in Israel" was reported by Harel-Hertz Investment House, which promotes "business activities between Japan and Israel." Its 2002 report noted that Hitachi would invest "[US]$6-11 million a year in Israeli start-ups, and might invest more if opportunities arise." Hitachi, it said, had already put about US$12 million in Israeli firms.
VMI manages several funds for Vertex Venture Capital (VVC), in which Hitachi has invested US$43 million. VVC finances many Israeli high-tech, start-up firms, including those serving the "homeland security" and military markets.
Hitachi has also invested in, and partnered with, high-tech Israeli companies that provide products and services for military, police and intelligence agencies in Israel and elsewhere.
In 2002, Hitachi invested US$2 million in Israelís Voltaire, which produces "switching solutions as part of a powerful [Hewlett-Packard] HP clustered supercomputer for advanced weapons system design research...at Wright-Patterson Air Force Base in Ohio." Two of Voltaireís largest customers are HP and Oracle, which both supply Israelís military. (See Oracle in table "CPP Investments.")
Magic Software Enterprises
In 2005, an Israeli newspaper, Globes, reported that "Hitachi Software Engineering will market Magic Software Enterprisesí integration tools." In 2010, Magic was contracted to "upgrade and maintain" the core IT system for Israelís Military Police. This "large, multi-year project" gave Israelís military police "real-time status reporting and a full picture of nation-wide operations."
Hitachi has partnered with XACCT since 2002. Founded by "alumni of Israelís defense technology unit," XACCT provides "network data management solutions for global communications service providers." In particular, it is a leading producer of software used in the "collection, filtering, correlation and formatting of voice, data, content or commerce usage information" from "wireline carriers, mobile operators, cable operators, and managed services providers."
In "Big Brother Ė Real-Time Behavioral Monitoring," Dion Wiggins, CEO of Asia Online, warned that "XACCTís technology reveals some startling implications and opportunities for abuse." He noted that when XACCT cofounder and VP of Technology, Eran Wagner, was asked if his company was helping the FBI gather vast amounts of data, he said: "We provide them with a weapon; they could abuse the use of the weapon, but itís up to them." XACCT was acquired for US$30 million in 2004 by Amdocs.
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
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
pdf Amdocs Ltd
pdf Analog Devices Inc
pdf BAE Systems
pdf Bank Hapoalim
pdf Bharat Electronics Ltd
pdf CAE Inc
pdf Carlyle Group
pdf Caterpillar Inc
pdf Cellcom Israel
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 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
Vertex Venture Capital:
CPP Investments worth $1.5
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
Social Networking - Facebook
2010 Form 10-K, Hitachi
Sam Kestenbaum, "In between laws: Palestinian workers strike
at Salit Quarry," Aug. 4, 2011.
Hitachi Data Systems examining Israeli acquisitions,
September 24, 2002.
Department of Defense to use Voltaire Grid Backbone;
Solutions in HP Supercomputer for Weapons Systems Design, November 1, 2005.
Israel-Japan Business Relations - 2002
"HP and Oracle choose Voltaireís switches," Globes,
September 25, 2008.
"Magic, Hitachi Software negotiating comprehensive strategic
agreement," Globes, April 13, 2005.
Magic Software Announces Deal with Israel Defence Forces,
June 9, 2010.
"Hitachi Forms Partnership with XACCT Technologies in Japan,"
July 22, 2002.
Dion Wiggins, "Big Brother ó Real-Time Behavioral
Monitoring," January 9, 2002.
Ido Alon, "Amdocs to buy XACCT for $30 million," December 22,