RiT Technologies
Encyclopedia
RiT Technologies Ltd. is a publicly traded company, headquartered in Israel
, that specializes in providing clients with advanced network management systems. Its shares are traded on the NASDAQ Capital Market
.
as chief investors in the company. RiT's first product was an electrical connector
, which endeavored to compete with AMP Inc.
for market share. It next marketed a product called PatchView, which was its first network computer cable infrastructure management system. In 1997 RiT began marketing PairView, a system for monitoring and managing copper-wire telephone network
s. Shares of RiT Technologies debuted on the NASDAQ Global Market in July 1997 and were transferred to the NASDAQ Capital Market in January 2004.
-based Stins Coman Inc., RiT's distributor in the Russian Federation, acquired a majority stake of 59.1% in the company, after having acquired 7% and then an additional 34.9% of RiT's outstanding shares earlier in the year.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
, that specializes in providing clients with advanced network management systems. Its shares are traded on the NASDAQ Capital Market
NASDAQ Capital Market
Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005.The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies that do not qualify for inclusion in the Nasdaq National Market....
.
History
RiT Technologies was founded in 1989 by Ofer Bengal, who recruited brothers Yehuda and Zohar ZisapelZohar Zisapel
Zohar Zisapel , is a successful Israeli entrepreneur in Israel’s advanced hi-tech industry. The RAD Group of companies he co-founded with his brother, Yehuda Zisapel, has been called "the world's most successful incubator" of telecom-related start-ups by Business 2.0 magazine.The Zisapels' RAD...
as chief investors in the company. RiT's first product was an electrical connector
Electrical connector
An electrical connector is an electro-mechanical device for joining electrical circuits as an interface using a mechanical assembly. The connection may be temporary, as for portable equipment, require a tool for assembly and removal, or serve as a permanent electrical joint between two wires or...
, which endeavored to compete with AMP Inc.
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
for market share. It next marketed a product called PatchView, which was its first network computer cable infrastructure management system. In 1997 RiT began marketing PairView, a system for monitoring and managing copper-wire telephone network
Telephone network
A telephone network is a telecommunications network used for telephone calls between two or more parties.There are a number of different types of telephone network:...
s. Shares of RiT Technologies debuted on the NASDAQ Global Market in July 1997 and were transferred to the NASDAQ Capital Market in January 2004.
Ownership
In September 2008, MoscowMoscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
-based Stins Coman Inc., RiT's distributor in the Russian Federation, acquired a majority stake of 59.1% in the company, after having acquired 7% and then an additional 34.9% of RiT's outstanding shares earlier in the year.
External links
- Patents of Ofer Bengal – PatentBuddy.com
- Stins Coman Corporation