| Public | |
| Traded as | NASDAQ: RITT |
| Industry | Communication technology |
| Founded | 1989 |
| Founder | Ofer Bengal, Yehuda and Zohar Zisapel |
| Headquarters | , |
Key people | Yossi Ben-Harosh(President & CEO) |
| Services | Infrastructure management services |
| Revenue |  |
| |
| |
| Website | www |
| Footnotes /references [1] | |
RiT Technologies Ltd. is a publicly traded company, headquartered in Israel, that provides clients with advanced network management systems. Its shares are traded on the NASDAQ Capital Market.
RiT Technologies was founded in 1989 by Ofer Bengal, who recruited brothers Yehuda and Zohar Zisapel as chief investors in the company. RiT's first product was an electrical connector, which competed with AMP Incorporated for market share. Their next product was PatchView, a network computer cable infrastructure management system. In 1997 RiT began marketing PairView, a system for monitoring and managing copper-wire telephone networks. Shares of RiT Technologies debuted on the NASDAQ Global Market in July 1997 and were transferred to the NASDAQ Capital Market in January 2004. [2] [3] [4] [5] [6]
In September 2008, Moscow-based Stins Coman Inc., RiT's distributor in the Russian Federation, acquired a majority stake of 59.1% in the company, after having acquired 7% and then an additional 34.9% of RiT's outstanding shares earlier in the year. [6] [7]
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act 7925. This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates. The industry was deregulated in 1995, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services.
RIT is a common abbreviated name for Rochester Institute of Technology in Rochester, New York, USA.
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Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company is the largest mobile network operator in the Philippines and one of the largest fixed line, and broadband networks. As of end-September 2019, Globe’s total mobile subscriber base reached 97.4 million, five percent more than its subscriber count from the previous quarter.
Altice Portugal is the largest telecommunications service provider in Portugal. Since June 2, 2015, the company has been a wholly owned subsidiary of Altice Group, a multinational cable and telecommunications company with a presence in France, Israel, Belgium, Luxembourg, Portugal, French West Indies/Indian Ocean Area, the Dominican Republic, Switzerland, and the United States. The assets in Portugal were sold to Altice in 2015 per request of Oi SA to reduce debt. The African assets were mostly sold for the same reason. Portugal Telecom, SGPS SA was split in separate companies: PT Portugal and Pharol, which owns a 27,5% stake in Oi.
VocalTec Communications Inc. is an Israeli telecom equipment provider. The company was founded in 1985 by Alon Cohen and Lior Haramaty, who patented the first Voice over IP audio transceiver. VocalTec has supplied major customers such as Deutsche Telekom, Telecom Italia, and many others.
The RAD Group is composed of independent companies that develop, manufacture and market solutions for diverse segments of the networking and telecommunications industry. Each company operates independently, without a holding company, but is guided by the group founders under a collective strategic umbrella. Companies share technology, engage in joint marketing activities and benefit from a common management structure.
Zohar Zisapel, is a successful Israeli entrepreneur in Israel’s advanced high-tech industry, sometimes referred to as "the Bill Gates of Israel." The RAD Group of companies he co-founded with his brother, Yehuda, has been called "the world's most successful incubator" of telecom-related start-ups by Business 2.0 magazine.
Broadband Internet in Israel has been available since the late 1990s in theory, but it only became practically accessible to most customers in 2001. By 2008, Israel had become one of the few countries with developed broadband capabilities across two types of infrastructure—cable and DSL—reaching over 95% of the population. Actual broadband market penetration stands at 77%, ranked 7th in the world. in 2010, Israel was ranked 26th in The Economist's Digital Economy Rankings.
The Ofer Brothers Group was an Israeli family shipping business started by the billionaire Ofer family which is today known as XT Group.
Pluristem Therapeutics is an Israeli company engaged in the development of human placental adherent stromal cells for commercial use in disease treatment. According to the company's website, it extracts adult stem cells exclusively from postnatal placentas.
Gilat Satellite Networks is a public company headquartered in Israel that develops and sells VSAT satellite ground stations and related equipment. Its shares are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange.
ClickSoftware, A Salesforce Company offers automated mobile workforce management and service optimization solutions for enterprise and small businesses, both for mobile and in-house resources. They have over 700 employees in offices in North America, EMEA, and APAC.
Mellanox Technologies Ltd. is an Israeli-American multinational supplier of computer networking products based on InfiniBand and Ethernet technology. Mellanox offers adapters, switches, software, cables and silicon for markets including high-performance computing, data centers, cloud computing, computer data storage and financial services.
B.O.S. Better Online Solutions is a publicly traded company, headquartered in Israel, that provides RFID and supply chain solutions. Its shares are traded on the NASDAQ Capital Market.
Pointer Telocation is a publicly traded company, headquartered in Israel, that develops automatic vehicle location solutions and provides roadside automotive service. Its shares are traded on the NASDAQ Capital Market and were listed on the Tel Aviv Stock Exchange until 2012. Starting April 2016 the company is listed on the Tel Aviv Stock Exchange once again.
TAT Technologies is a publicly traded Israeli company, headquartered in Gedera, Israel, that provides environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.
Idan Ofer is an Israeli billionaire businessman, with interests in shipping, drilling and mining. He is the founder of Tanker Pacific and the principal of the Quantum Pacific Group, a holding company. He is the majority shareholder of Pacific Drilling, listed on the New York Stock Exchange, and the Israel Corporation, listed on the Tel Aviv Stock Exchange, as well as Kenon Holdings, listed on both stock exchanges.
Altice Europe N.V. is a French multinational telecommunications corporation. multinational telecoms and mass media company, founded and headed by the French-Israeli billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.
ריט נוסדה בסוף 1989 על ידי עופר בנגל והאחים יהודה וזהר זיסאפל.
ריט טכנולוגיות הוקמה בשנת 1989 על-ידי עופר בנגל, ועד לפני שנתיים הייתה בשליטת האחים יהודה וזהר זיספאל, כשלאחר הנפקתה ב-1997 הפכה לחברה השלישית מקבוצת רד-בינת שהגיעה לוול-סטריט, אחרי לננט וסיליקום.
PairView, first introduced in a field test in 1996, enables telephone companies to identify and recover lost portions of their copper wire infrastructure and achieve greater operational efficiencies in managing their local-loop networks.
The listing of our shares was transferred to the NASDAQ Capital Market (formerly known as the NASDAQ SmallCap Market) on January 12, 2004, and our ordinary shares are still traded under the symbol RITT.
Altogether, Stims Coman bought 6.5 million shares, or 41.8% of the company.
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| Communication & Networks | |
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