Private company

Bridgewater Systems

Canadian software company based in Ottawa, founded in 19971

Bridgewater Systems was a Canadian network management technology firm. It developed software for phone and cable companies. The firm was acquired by Amdocs in 2011.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Jan 1, 1997Founded1

Bridgewater Systems was a Canadian network management technology firm. It developed software for phone and cable companies. The firm was acquired by Amdocs in 2011.2

The story

Bridgewater was founded by Doug Somers and Russ Freen in 1997. From 2004 to 2007, Bridgewater's revenues grew from $13.7 million to $39 million. In 2007 Bridgewater made an initial public offering on the Toronto Stock Exchange under the stock symbol BWC, where it raised $35 million. In 2008 Bridgewater expanded its long-time relationship with Verizon Wireless by signing a three-year contract which included an initial order valued at $30 million. In April 2011 Infonetics Research report ranked Bridgewater as #1 in the 2009 policy market In 2011, Bridgewater's board unanimously approved a takeover bid from Amdocs, an American headquarter technology firm, valuing the company at $215 million.

From Wikipedia’s article on Bridgewater Systems, shared under CC BY-SA 4.0.3

Timeline

  1. Jan 1, 1997Founded Founded1

Sources

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