Optiva Inc. (formerly Redknee Solutions, Inc.) is a Canadian provider of

Business support system Business support systems (BSS) are the components that a telecommunications service provider (or telco) uses to run its business operations towards customers. Together with operations support systems (OSS), they are used to support various end-to ...

and

Operations Support Systems Operations support systems (OSS), operational support systems in British usage, or Operation System (OpS) in NTT, are computer systems used by telecommunications service providers to manage their networks (e.g., telephone networks). They support ...

software and services to the telecommunications industry.

History

Optiva was founded in 1999 as Redknee Solutions by then CEO, Lucas Skoczkowski, and four other co-founders. The company expanded into Europe in 2000 and opened R&D facilities in Pune, India in 2004. It was later listed on the London AIM Index in 2007 and on the Toronto Stock Exchange in 2008.http://www.newswire.ca/en/releases/archive/October2008/21/c7885.html Redknee Common Shares Approved for Trading on Toronto Stock Exchange In 2017 ESW Capital took control of the company, removing the CEO, Lucas Skoczkowski, and replacing him with Danielle Royston from ESW Group. Redknee Solutions was then rebranded as Optiva on Jan 16, 2018. The rebranding effort was completed on April 5, 2018. In July 2020, Optiva made the decision to redeem its preferred shares. As a result, ESW lost control of the company, and Danielle Royston resigned as CEO. In August, at the annual and special meeting, the shareholders approved to ratify the adoption of the company's shareholder rights plan and to approve the unallocated options available under the company's stock option plan. In December 2020, John Giere was named President and CEO of Optiva.

Acquisitions

Optiva grew substantially by acquisition. * 2007 - Argent Networks for $4 million * 2010 - Nimbus Systems for an undisclosed amount * 2013 - Nokia Siemens Networks BSS division for $52 million * 2015 - Orga Systems for EUR38 million

Products

Optiva provides BSS and OSS software and services to the telecommunications industry. These include rating and charging, converged billing, customer experience management, interconnect billing and customer care. Its products address wireless, fixed line, satellite,

WiMAX Worldwide Interoperability for Microwave Access (WiMAX) is a family of wireless broadband communication standards based on the IEEE 802.16 set of standards, which provide physical layer (PHY) and media access control (MAC) options. The WiMAX ...

MVNO A mobile virtual network operator (MVNO) is a wireless communications services provider that does not own the wireless network infrastructure over which it provides services to its customers. An MVNO enters into a business agreement with a mobile ...

and broadband providers across the Americas, Europe, Asia Pacific, the Middle East and Africa.

References

{{Reflist, 2 1999 establishments in Ontario Canadian companies established in 1999 Companies based in Toronto Companies listed on the Toronto Stock Exchange Telecommunications companies of Canada