RiT Technologies

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RiT Technologies Ltd.
Public
Traded as NASDAQRITT
Industry Communication technology
Founded 1989 (1989)
Founder Ofer Bengal,
Yehuda and Zohar Zisapel
Headquarters Tel Aviv, Israel
Key people
Yossi Ben-Harosh(President & CEO)
Services Infrastructure management services
Revenue Increase US$11.400 million (2010)
Increase US$–3.415 million (2010)
Increase US$–3.486 million (2010)
Website www.rittech.com
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.

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 Inc. 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.[6][7]

See also

References

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External links