RiT Technologies explained

RiT Technologies Ltd.
Type:Public
Traded As:NASDAQ:
Founder:Ofer Bengal,
Yehuda and Zohar Zisapel
Location City:Tel Aviv
Location Country:Israel
Key People:Yossi Ben-Harosh(President & CEO)
Industry:Communication technology
Services:Infrastructure management services
Revenue: US$11.400 million (2010)
Operating Income: US$–3.415 million (2010)
Net Income: US$–3.486 million (2010)
Footnotes:[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.

History

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]

Ownership

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.[7]

See also

External links

Notes and References

  1. Web site: RITT Income Statement. Yahoo! Finance. 4 October 2011. 2011.
  2. News: he:אל התהום ובחזרה. http://www.globes.co.il/news/article.aspx?did=200990. 4 October 2011. Globes. 17 May 2000. Hebrew. To the abyss and back. ריט נוסדה בסוף 1989 על ידי עופר בנגל והאחים יהודה וזהר זיסאפל..
  3. News: Steinblatt. Ron. he:הקאמבק של ריט טכנולוגיות: זינוק של 500% תוך חודשיים. http://www.globes.co.il/news/article.aspx?did=1000611458. 4 October 2011. Globes. 27 December 2010. Hebrew. RiT Technologies' comeback: 500% jump in two months. 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..
  4. Book: Structured Cable Systems. 2002. Springer-Verlag. Berlin. 3-540-43000-8. 101, 512–516. Andrey B. Semenov. Stanislav K. Strizhakov . Igor R. Suncheley . 4 October 2011.
  5. RIT Technologies Ltd. Receives Order from Telecom Argentina. South American Telecom. September 1997. 2. 9. 4 October 2011. Jose. Otero. 7. Information Gatekeepers. Boston. 1089-117X. 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..
  6. Web site: RiT Technologies Ltd, Form: 20-F. NASDAQ. 4 October 2011. 30 June 2011. 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..
  7. News: Network control co RIT borrows from new Russian owner. 4 October 2011. Globes. 16 June 2008. Altogether, Stims Coman bought 6.5 million shares, or 41.8% of the company..

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "RiT Technologies".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.