| Type | Public (NASDAQ: ALLT) |
|---|---|
| Industry | Technology, Communication systems |
| Founded | 1996 |
| Key people | CEO: Rami Hadar, CTO: Jay Klein VP Operations: Pini Gvili |
| Products | Networking, QoS Solutions, Bandwidth optimization |
| Revenue | US$ 56.97 million (2010) |
| Net income | US$ 5.76 million (2010) |
| Employees | 400 |
| Website | www.allot.com |
Allot Communications (NASDAQ: ALLT, TASE: ALLT) is a provider of IP service optimization solutions for service providers, carriers and enterprises. Allot solutions use deep packet inspection (DPI) technology to change broadband pipes into smart networks offering complete network visibility, application control and subscriber management.[1]
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Allot Communications was founded in 1996, by Michael Shurman and Yigal Jacoby, who served as chief executive and chairman until 2006.[2] Jacoby previously founded Armon Networking, a manufacturer of RMON-based network management solutions, which was sold to Bay Networks for $33m in 1996.[3]
In November 2003, Deloitte & Touche named Allot the fourth fastest growing company on its Israel Technology Fast 50 list. This ranking represented revenue growth of nearly 1900% in a year's time.[2]
By 2004 Allot raised $38 million, in several rounds of funding, from several venture capital funds, including: Genesis Partners, Gemini, Walden Israel, JAFCO Investment, BancBoston Capital, Jerusalem Venture Partners, and Tamar Technology Ventures.[2]
In 2006, Rami Hadar appointed President and Chief Executive Officer, and the company began trading publicly on the Nasdaq Global Market under the ticker symbol ALLT, following an IPO which raised $78m.[4]
Allot provides intelligent IP service optimization solutions for DSL, wireless broadband carriers, service providers, and enterprises. Allot's portfolio of hardware platforms and software applications employs Deep Packet Inspection (DPI) technology to turn broadband pipes into smart networks, so that value-added Internet services can be rapidly deployed. Allot solutions are also used to support the need of service providers to charge more from heavy users of peer-to-peer, VoIP and Video applications.[1]