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Allot

Topic: Company

 From HandWiki - Reading time: 6 min
Allot Ltd.
TypePublic (NASDAQ: ALLT; TASE: ALLT)
IndustryTelecommunication
Founded1996; 28 years ago (1996)
Key people
Products
  • Mass Market SECaaS
  • Network Security Solutions
  • Network Visibility
  • Traffic Management
  • Policy & Charging Control
  • Regulatory Compliance
  • QoE & Application Control
  • Web Security
  • Behavior Anomaly Detection
RevenueUnited States dollar 146 million (2021)[1]
Total equityUnited States dollar 126 million (2021)[1]
Number of employees
700
Websitewww.allot.com

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.[2] By 2004, the company raised $38 million in several rounds of funding from several venture capital fund.[2] In November 2006, it became a publicly traded company on the Nasdaq Global Market under the ticker symbol ALLT. The IPO raised $78 million.[3] In November 2010, Allot's dual listing on the Tel Aviv Stock Exchange was approved.[4] Allot provides network intelligence and network-based security products for Communication Service Providers (CSPs) of mobile broadband, wireless broadband, mobile satellite service, and DSL carriers, as well as enterprises.[5]

In 2012, Allot acquired San Diego-based Ortiva Wireless, which specializes in optimizing video streaming across wireless networks,[6] and Oversi Networks, a global provider of rich-media caching and content delivery for Internet video and peer-to-peer (P2P) traffic.[7]

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.[8]

In 2017, the company appointed Erez Antebi to the position of CEO.[9] At the same time, Allot Communications announced a new collaboration with Intel Security to introduce McAfee Unified Security Powered by Allot, providing complete end-to-end security capabilities.[10] Allot together with Nokia Networks and Swisscom, a telecommunications provider in Switzerland, integrated Allot Cloud Access Optimization platform into Swisscom's data center architecture to support higher performance service delivery to customers.[11][12]

Also in 2017, Worldwide Flight Services (WFS) implemented Allot's Secure Service Gateway (SSG) unified solution for real-time network intelligence, control and security across their entire network.[13]

In November of that year, Allot and its partner Openet upgraded the Allot Service Gateway service with Allot Service Gateway 9500 (SG-9500) and expanded its deployment across all three TELE-POST business units for enhanced policy control and charging.[14]

In January 2018, the company acquired Netonomy, a developer of software-based cybersecurity for the connected home.[15] In February, Allot was awarded "best mobile security solution" in the 2018 Cybersecurity Excellence Awards.[16] In July, the company signed a distribution agreement with Lifeboat Distribution, the international value-added distributor for emerging technologies and subsidiary of Wayside Technology Group, to supply the Allot Secure Service Gateway (SSG) to its North American Enterprise and ISP customers.[17]

In 2020, Broadcom recommended Allot to its customers after discontinuing the PacketShaper product line, which Broadcom gained when it acquired Symantec.[18] In the same year, Allot expanded partnership with Telefónica and Mc Afee to improve infrastructure for cybersecurity services among Spanish SMEs caused by the rise in remote working since the start of the Covid-19 pandemic.[19][20]

In January 2021, a new product, Allot DNS Secure, was presented. DNS Secure provides a security solution for customers of for communication service providers (CSPs) and fixed broadband subscribers.[21] In 2021, Dish Network,[22] Eolo,[23] Japan's Asahi Net,[24] Australia's Field Solutions Group[25] and Poland's Play[26] selected Allot products for their services.

In February 2022, Allot collaborated with Amazon Web Services to increase the full suite of Allot cloud-native applications on AWS for communication service providers.[27] At the same time, the company received a $40 million private financing by Lynrock Lake Master Fund LP.[28] In May, Allot signed a partnership with Singtel, a Singaporean telecommunications conglomerate, to offer cybersecurity services to Singtel's Small and Medium Sized Business (SMB) customers.[29]

In 2022, Allot's technology was chosen by Entel Peru,[30] Taiwan's Far EasTone Telecommunications[31] and Ethio Telecom.[32] Verizon has also selected Allot to provide security services.[33]

Controversy

In 2011, it was reported that equipment sold by Allot has illegally reached Iran.[34][35] 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.[36]

References

  1. ↑ 1.0 1.1 "Allot Ltd. Press Release". Allot. 15 February 2022. https://investors.allot.com/news-releases/news-release-details/allot-announces-fourth-quarter-full-year-2021-financial-results. 
  2. ↑ 2.0 2.1 Dar, Zuri (2004-08-25), "Allot Communications wraps up $8 million financing round", The Marker, http://www.ivc-online.com/ivcWeeklyItem.asp?articleID=2128 
  3. ↑ Krawitz, Avi (November 17, 2006). "Allot raises $78m. in Nasdaq listing". The Jerusalem Post. 
  4. ↑ "Form 6-K". Securities and Exchange Commission. http://investors.allot.com/secfiling.cfm?filingid=1178913-10-3190&cik=1365767. 
  5. ↑ Grigonis, Richard (March 17, 2009), Allot Communications' Sigma Service Gateway, http://www.tmcnet.com/channels/bandwidth-management/articles/52408-allot-communications-sigma-service-gateway.htm 
  6. ↑ says, Anonymous (2012-05-03). "Xconomy: Buying SD's Ortiva Wireless Adds Video Optimization to Allot's Tools" (in en). https://xconomy.com/national/2012/05/02/buying-sds-ortiva-wireless-adds-video-optimization-to-allots-tools/. 
  7. ↑ antaranews.com. "Allot Communications Completes Acquisition of Oversi Networks". https://en.antaranews.com/news/84333/allot-communications-completes-acquisition-of-oversi-networks. 
  8. ↑ Reading 2/24/2015, News Wire Feed Light. "Allot to Acquire Optenet for $6.5M" (in en). https://www.lightreading.com/security/mobile-security/allot-to-acquire-optenet-for-$65m/d/d-id/713977. 
  9. ↑ Carlson, Wyatt (2017-01-03). "Allot Communications Brings In a New CEO". https://www.sdxcentral.com/articles/news/allot-communications-brings-new-ceo/2017/01/. 
  10. ↑ "New security solution offers anytime, anywhere user protection" (in en). 2016-08-02. https://betanews.com/2016/08/02/anytime-anywhere-user-protection/. 
  11. ↑ "Nokia Networks and Allot Communications to Deliver Swisscom a Cloud Access Optimization Solution". 2015-12-08. https://www.edn.com/nokia-networks-and-allot-communications-to-deliver-swisscom-a-cloud-access-optimization-solution/. 
  12. ↑ "Nokia Networks and Allot Communications to Deliver Swisscom a Cloud Access Optimization Solution". https://www.techonline.com/products/nokia-networks-and-allot-communications-to-deliver-swisscom-a-cloud-access-optimization-solution/. 
  13. ↑ "Keeping cargo safe" (in en). 2017-10-19. http://datacentre.solutions/news/52726/keeping-cargo-safe. 
  14. ↑ "Total Telecom | News, analysis and events for global telecoms". https://totaltele.com/. 
  15. ↑ Sharma, Ray. "Allot Acquires Startup Firm Netonomy to Expand Security Offerings" (in en). https://www.thefastmode.com/solution-vendors-m-a/11953-allot-acquires-startup-firm-netonomy-to-expand-security-offerings. 
  16. ↑ "2018 Cybersecurity Product Awards - Winners and Finalists" (in en-US). 2018-05-04. https://cybersecurity-excellence-awards.com/2018-cybersecurity-product-awards-winners-and-finalists/. 
  17. ↑ "Lifeboat Distribution partners with Allot Communications (NASDAQ:CLMB) | Seeking Alpha" (in en). 25 July 2018. https://seekingalpha.com/news/3373304-lifeboat-distribution-partners-allot-communications. 
  18. ↑ Sharma, Ray. "Broadcom Recommends Allot SSG as Replacement for Discontinued Symantec PacketShaper" (in en). https://www.thefastmode.com/technology-solutions/16720-broadcom-recommends-allot-ssg-as-replacement-for-discontinued-symantec-packetshaper. 
  19. ↑ "Telecompaper". https://www.telecompaper.com/news/telefonica-teams-up-with-mcafee-and-allot-to-meet-sme-cybersecurity-demands--1354726. 
  20. ↑ Sharma, Ray. "Telefónica Extends Partnership with Allot and McAfee to Help Protect Spanish SMEs" (in en). https://www.thefastmode.com/technology-solutions/18069-telefonica-extends-partnership-with-allot-and-mcafee-to-help-protect-spanish-smes. 
  21. ↑ Sharma, Ray. "Allot Expands Security Portfolio with DNS Secure Solution for CSPs" (in en). https://www.thefastmode.com/technology-solutions/18824-allot-expands-security-portfolio-with-dns-secure-solution-for-csps. 
  22. ↑ Sharma, Ray. "DISH Selects Allot for Protection Against DDoS and Botnet Attacks" (in en). https://www.thefastmode.com/technology-solutions/19464-dish-selects-allot-for-protection-against-ddos-and-botnet-attacks. 
  23. ↑ Sharma, Ray. "Italy's Eolo Expands Capacity of Allot's Network-based Cybersecurity Platform" (in en). https://www.thefastmode.com/technology-solutions/20874-italys-eolo-expands-capacity-of-allots-network-based-cybersecurity-platform. 
  24. ↑ Sharma, Ray. "Japan's Asahi Net Launches Allot's SmartTraffic QoE Solution" (in en). https://www.thefastmode.com/technology-solutions/20979-japans-asahi-net-launches-allot-s-smarttraffic-qoe-solution. 
  25. ↑ Desk, STS News (2021-11-16). "Field Solutions Group Selects Allot Secure to Provide Cybersecurity" (in en-US). https://salestechstar.com/privacy-and-regulations/australias-field-solutions-group-selects-allot-secure-to-provide-consumer-and-smb-cybersecurity-services/. 
  26. ↑ Sharma, Ray. "Play Partners Allot to Launch Clientless Cybersecurity and Content Control Services" (in en). https://www.thefastmode.com/technology-solutions/21606-play-partners-allot-to-launch-clientless-cybersecurity-and-content-control-services. 
  27. ↑ Desk, STS News (2022-02-09). "Allot & AWS to Enable Cloud-based 5G Network Intelligence" (in en-US). https://salestechstar.com/partner-management-channel-enablement/allot-and-aws-to-enable-cloud-based-5g-network-intelligence-and-cybersecurity-solutions/. 
  28. ↑ "Allot Announces $40 Million Fi - GuruFocus.com" (in en). https://www.gurufocus.com/news/1642587/allot-announces-40-million-financing. 
  29. ↑ Sharma, Ray. "Singtel Partners with Allot to Offer Cybersecurity Services to SMB Customers" (in en). https://www.thefastmode.com/technology-solutions/25126-singtel-partners-with-allot-to-offer-cybersecurity-services-to-smb-customers. 
  30. ↑ Allot (2022-01-10). "Entel Peru Launches Allot Security-as-a-Service Solution to Protect Mobile Users from Cyberattacks". GlobeNewswire News Room (Press release). Retrieved 2023-01-17.
  31. ↑ Sharma, Ray. "Allot Powers Far EasTone's Cybersecurity Protection Services" (in en). https://www.thefastmode.com/technology-solutions/29297-allot-powers-far-eastones-cybersecurity-protection-services. 
  32. ↑ Sharma, Ray. "Ethio Telecom Selects Allot Traffic Management Solution" (in en). https://www.thefastmode.com/technology-solutions/25582-ethio-telecom-selects-allot-traffic-management-solution. 
  33. ↑ "Verizon to use Allot for cybersecurity | Light Reading" (in en). Light Reading. https://www.lightreading.com/security/verizon-to-use-allot-for-cybersecurity/d/d-id/781784. 
  34. ↑ "Israeli company sold surveillance equipment to Iran", Haaretz, December 23, 2011, http://www.haaretz.com/news/diplomacy-defense/report-israeli-company-sold-surveillance-equipment-to-iran-1.403107 
  35. ↑ Elgin, Ben (23 December 2011). "Israel Didn't Know High-Tech Gear Was Sent to Iran". Bloomberg Businessweek. https://www.bloomberg.com/news/2011-12-23/israel-didn-t-know-high-tech-gear-was-sent-to-iran-via-denmark.html. 
  36. ↑ "Defense Ministry closes probe into Allot's alleged Iran sales". Globes. 25 January 2012. http://www.globes.co.il/en/article-1000718874. 




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