Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in 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 fund Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...

. In November 2006, it became a publicly traded company on the Nasdaq Global Market under the ticker symbol ALLT. The

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

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 Communication Service Providers (CSPs) of mobile broadband,

wireless broadband Wireless broadband is telecommunications technology that provides high-speed wireless Internet access or computer networking access over a wide area. The term comprises both fixed and mobile broadband. The term broadband Originally the word ...

, mobile satellite service, and

DSL Digital subscriber line (DSL; originally digital subscriber loop) is a family of technologies that are used to transmit digital data over telephone lines. In telecommunications marketing, the term DSL is widely understood to mean asymmetric dig ...

carriers, as well as enterprises. In 2012, Allot acquired

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United State ...

-based Ortiva Wireless, which specializes in optimizing video streaming across wireless networks, and Oversi Networks, a global provider of rich-media caching and content delivery for Internet video and peer-to-peer (P2P) traffic. In February 2015, Allot acquired Optenet, an IT security company providing Security-as-a-Service products to service providers and enterprises, for $6.5 million. In January 2018, the company acquired Netonomy, a developer of software-based cybersecurity for the connected home.

Controversy

In 2011, it was reported that equipment sold by Allot has illegally reached

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

. 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. Also in 2011, Allot settled a class-action lawsuit regarding securities fraud involving its stock whereby it agreed to pay $1.3 million (USD).

References

{{TA 100 companies Computer security software companies Telecommunications companies of Israel Companies listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange Israeli brands