TTI Telecom explained

TTI Team Telecom International Ltd.
Type:Public (NASDAQ:)
Foundation:1992, public since 1996
Revenue: $46.1 million USD (2006)
Num Employees:361 (2006)
Homepage:www.tti-telecom.com

TTI Telecom, founded in 1992, is a developer and provider of next generation Operations Support Systems (OSS) to large communications service providers. TTI Telecom is based in Rosh Ha'ayin, Israel and operates subsidiaries in 7 other countries.

In August 2010 TTI Telecom was acquired by TEOCO Corporation.[1]

History

TTI Telecom was incorporated in 1990 and commenced its operations in 1992 as a subsidiary of Team Computers and Systems Ltd., after having operated as a division of Team Computers since 1988. TTI Telecom shares have been traded on the NASDAQ Global Market under the symbol NASDAQ: since an initial public offering of a minority stake of its shares in December 1996 when it was still a Team Computers subsidiary. In April 2005, TTI Telecom ceased to be a subsidiary of Team Computers.

In 2011, TTI challenged the Indian tax authorities in a case brought before the Indian Income Tax Appellate Tribunal in Mumbai. The court ruled in TTI's favor, ruling that software receipts were not royalties under the India-Israel tax treaty.[2]

TTI Telecom has a registered patent in the United States and a patent application pending in Europe. The US patent addresses the functionality of a topology-based reasoning system for root-cause analysis of network faults, a component of the Netrac FaM product line.[3]

See also

External links

Notes and References

  1. http://www.teoco.com TEOCO website
  2. http://www.jpost.com/Business/BusinessFeatures/Article.aspx?id=243159 Your Taxes: Israeli firm wins Indian tax case
  3. https://patents.google.com/patent/US7043661 Patents