Abraham (Abe) Peled was born in Romania. He graduated from the Technion with BSc, and MSc in 1967 and 1971 respectively, both degrees in Electrical Engineering. He did his graduate work at Princeton University in the US on Digital Signal Processing and got his PhD in 1974. From 1967 to 1971 Peled was a technical officer in the Israeli Army Signal Corps. From 1974 to 1993 Peled worked for IBM's Research Division in the United States, initially as a research scientist and later in Research management, his last position was Vice President for Systems and Software, with management responsibility for all worldwide research and advanced development activities in the IBM Research Division. In December 1991he was featured in the cover story of the NY Times Sunday business section for his innovative internal start-up on the Power Visualization System. |url=http://www.nytimes.com/1991/12/08/business/abe-peled-s-secret-start-up-at-ibm.html?pagewanted=all&src=pm</ref> From 1993 to 1995 Peled served as Senior Vice President for Business Development at Elron in Israel, where he started the first Internet ISP, and e-commerce sites in Israel.
As of 2012, Peled is Chairman and Chief Executive Officer of NDS Group Ltd., a leading provider of technology solutions for the pay TV industry. He was appointed to this position in 1995 and during his tenure the company has expanded rapidly and grown twenty fivefold to a $1B in sales, achieving an over 35% market share in the global digital technology for pay TV industry; a proportion of this growth, approximately 35% of revenues, has resulted from being News Corporation's in-house technology provider and the continuing success of that company's pay TV strategy. NDS was a public company listed on NASDAQ: NNDS between November 1999 to February 2009, and was taken private in February 2009 at a $3.6B valuation, and is now jointly owned by Permira, the majority shareholder, and News Corporation. In July 2012 Cisco acquired NDS Group Ltd. for $5B.