Allot Communications
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| Public (NASDAQ: ALLT; : ALLT) | |
| Industry | Technology, Telecommunication |
| Founded | 1996 |
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Key people
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CEO: Andrei Elefant CFO: Alberto Sessa VP R&D: Amir Hochbaum VP Customer Success & Growth: Shaked Levy |
| Products | Security, Analytics, Traffic Management and Optimization Platforms |
| Revenue | US$100.3 million (2015) |
| Total equity | US$ 163.4 million (2015) |
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Number of employees
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500 |
| Website | www.allot.com |
Allot Communications is a provider of security and monetization products based in Hod HaSharon, Israel. Allot solutions use Deep Packet Inspection (DPI) technology to change broadband pipes into smart networks offering complete network visibility, application control and subscriber management. In 2015, the company reported $100.3 million in revenue.
Allot Communications was founded in 1996, by Michael Shurman and Yigal Jacoby, who served as chief executive and chairman until 2006. Jacoby previously founded Armon Networking, a manufacturer of RMON-based network management solutions, which was sold to Bay Networks for $33 million in 1996.
In November 2003, Deloitte & Touche named Allot the fourth fastest-growing company on its Israel Technology Fast 50 list, citing the company's revenue growth of nearly 1,900% in a year's time.
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.
In 2006, Rami Hadar was appointed President and CEO. In November 2006, Allot became a publicly traded company on the Nasdaq Global Market under the ticker symbol ALLT. The IPO raised $78 million. In November 2010, Allot's dual listing on the Tel Aviv Stock Exchange was approved.
Allot partnered with Openet in January 2011 to optimize monetization of mobile broadband networks. Allot was featured on the Deloitte Fast 50 list in 2014 for a 131% growth between 2009 and 2013. Allot joined the HP OpenNFV Partner Program in July 2015, allowing it to expand its Traffic Detection Function and security services onto the HP OpenNFV platform.
Nokia Networks partnered with Allot Communications in January 2016 to enhance visibility, control and security for Swisscom. Later that year, Allot partnered with Intel Security to release McAfee Unified Security Powered by Allot which focused on end-to-end security capabilities.
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