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

in 2011

$24 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)"
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This Japanese multinational with assets of US$35 billion is the "world’s third-largest IT services provider." But, unbeknownst to many of its "information technology" customers, Fujitsu is also a sizable military contractor. The company was one of the world’s top-100 war industries between 2007 and 2009 when it ranked between 90th and 95th place. With annual military revenues over US$500 million, Fujitsu is now the world’s 99th largest military company. This is remarkable considering that only 1% of its revenues come from military clients.

Fujitsu originated in a 1923 venture between Japan’s Furukawa Electric and Germany’s Siemens. (See Siemens in table "CPP Investments.") Together they formed Fuji Electric. In the 1930s, with Japan’s occupation of Manchuria and then during World War II, the firm’s spin off, Fuji Communications which became Fujitsu strived to meet "the needs of military communications." It continues that tradition to this day.

One of Fujitsu’s biggest military clients today is the UK Ministry of Defence, which pays Fujitsu to provide secure communications for 95,000 personnel in the UK, as well as to British military bases outside the country.

Fujitsu set up an R&D centre in Israel in 2000. Fujitsu Microelectronics Israel is the Japanese company’s wholly-owned subsidiary in Israel.

Fujitsu is also involved in the Israeli market through its very close, 20-year partnership with Oracle, a Japanese company that has had numerous contracts Israel’s military industries and the country’s armed forces. (See Oracle in table "CPP Investments.")

Fujitsu’s "PalmSecure" biometric security technology uses a near-infrared light scanner to map the unique pattern of veins beneath the skin’s surface in the palm. This Fujitsu technology, called ID-POD, is integrated into the products of an Israeli "homeland security" firm called BioGuard Components and Technologies. BioGuard says it provides "innovative biometric homeland security products as well as identity management solutions based on a variety of biometric technologies."

BioGuard promotes Fujitsu’s palm-reader by extolling its "ability to control physical access to restricted areas" such as "military facilities."

BioGuard markets biometric ID devices such as facial-recognition systems, iris scanners, fingerprint and palm-vein authentication systems. Bioguard’s biometric detection systems were originally "developed for military purposes" and its customers include the office of Israel’s Prime Minister and Israeli border-control authorities.

Fujitsu is also involved in Israel’s military/"security" industrial complex through its investments in high-tech Israeli start-up companies. For instance, Fujitsu has US$23 million invested in Israeli companies through an Israeli firm called Vertex Venture Capital (VVC). Besides investing Fujitsu’s money in Israel, VVC founder, Yoram Oron, takes credit for having introduced Fujitsu to an Israeli company. Oron explained, "we presented PowerDsine to Fujitsu, which was the company’s first big Japanese customer. That deal made it possible for PowerDsine to go public on Nasdaq [in 2004]." PowerDsine, which makes "Power over Ethernet" products, is used by military, "security" and surveillance companies. It was founded by Major Igal Rotem, who served for a dozen years in Israel’s Intelligence Corps.



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 in 66 companies supporting Israel's military-, police-, surveillance-, prison-industrial complex.

Table: Six of Canada's largest pension funds have invested $4.4 billion in these 66 companies

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Fujitsu, Wikipedia

Fujitsu-Oracle News

Top 100 Defense Contractors, Defense News

Alfred Chandler, Takashi Hikino and Andrew Von Nordenflycht, Inventing the electronic century: the epic story of the consumer electronics and computer industries, 2005.

Telephone services, data transfer, IT networks and platforms

Ministry of Defence: CHOtS secure communication system

Case study of several Israeli Start-Ups, September 2001.

ID-POD – Physical access to secured areas

"Vantage Data Centers Deploys Fujitsu PalmSecure in Collaboration with BioGuard," October 12, 2010.

BioGuard Components & Technologies Ltd.

Addio al registro di classe l’appello diventa tecnologico, September 28, 2005.

Nicky Blackburn, "Israeli company offers security with a fingerprint," November 15, 2006.

Batya Feldman, "Japanese investors interested in Israel," Globes, March 11, 2008.