Allot (company)
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Allot (company)
Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in Hod HaSharon, Hod Hasharon, Israel. History Allot was founded in 1996, by Michael Shurman and Yigal Jacoby. By 2004, the company raised $38 million in several rounds of funding from several venture capital funds. In November 2006, it became a publicly traded company on the Nasdaq Global Market under the ticker symbol ALLT. The initial public offering, IPO raised $78 million. In November 2010, Allot's dual listing on the Tel Aviv Stock Exchange was approved. Allot provides network intelligence and network-based security products for Communications service provider, communications service providers (CSPs) of mobile broadband, wireless broadband, Mobile-satellite service, mobile satellite service, and DSL carriers, as well as enterprises. In 2012, Allot acquired San Diego–based Ortiva Wireless, which specializes in optimizing video s ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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