Allot (company)
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| Company type | Public (Nasdaq: ALLT; TASE: ALLT) |
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| Industry | Telecommunication |
| Founded | 1996 |
Key people |
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| Products | |
| Revenue | US$ 146 million (2021)[1] |
| Total equity | US$ 126 million (2021)[1] |
Number of employees | 700 |
| Website | www.allot.com |
Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software.
History
Allot was founded in 1996, by Michael Shurman and Yigal Jacoby.[2] By 2004, the company raised $38 million in several rounds of funding from several venture capital fund.[2] In November 2006, it became a publicly traded company on the Nasdaq Global Market under the ticker symbol ALLT. The IPO raised $78 million.[3] In November 2010, Allot's dual listing on the Tel Aviv Stock Exchange was approved.[4] Allot provides network intelligence and network-based security products for Communication Service Providers (CSPs) of mobile broadband, wireless broadband, mobile satellite service, and DSL carriers, as well as enterprises.[5]
In 2011, it was reported that equipment sold by Allot has illegally reached Iran.[6][7] However, in January 2012 Allot was cleared by the Israeli Ministry of Defense of any wrongdoing, as the investigation concluded that the company was unaware that the internet monitoring equipment it sold to the Danish distributor ended up in Iranian hands.[8] Also in 2011, Allot settled a class-action lawsuit regarding securities fraud involving its stock whereby it agreed to pay $1.3 million (USD).[9]
References
- ^ a b "Allot Ltd. Press Release". Allot. 15 February 2022.
- ^ a b Dar, Zuri (2004-08-25), "Allot Communications wraps up $8 million financing round", The Marker, archived from the original on 2011-07-13
{{citation}}: CS1 maint: bot: original URL status unknown (link) - ^ Krawitz, Avi (November 17, 2006). "Allot raises $78m. in Nasdaq listing". The Jerusalem Post.
- ^ "Form 6-K". Securities and Exchange Commission. Archived from the original on December 20, 2016. Retrieved December 9, 2016.
- ^ Grigonis, Richard (March 17, 2009), "Allot Communications' Sigma Service Gateway", TMCnet.com
- ^ "Israeli company sold surveillance equipment to Iran", Haaretz, December 23, 2011
- ^ Elgin, Ben (23 December 2011). "Israel Didn't Know High-Tech Gear Was Sent to Iran". Bloomberg Businessweek.
- ^ "Defense Ministry closes probe into Allot's alleged Iran sales". Globes. 25 January 2012.
- ^ "Allot Communications Ltd Investor Securities Class Action Lawsuit". Shareholders Foundation.
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| Communication & Networks | |
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