The story
History
BATM Advanced Communications was founded in 1992 by Dr. Zvi Marom and Greshon Baras as a bootstrap that grew into a multinational technology corporation; Initially focusing on developing high-performance communications equipment, mainly fibre optic networking, multiservice transport, access solutions, and integrated voice, video and data service.
Between August 1999 and 2002 Benjamin Netanyahu served as a senior consultant for the company (after he left politics following his defeat in the 1999 Israeli general election).
Acquisitions
In April 2000, BATM acquired Telco Systems (founded in 1972) for $260.8 million in cash and 960,000 shares of BATM stock.
In January 2008, BATM acquired Resolute Networks, itself established in 2004 as a merger of Redux Communications (founded in 1999) and Lycium Networks (founded in 2001). Resolute Networks is a provider of sub-system solutions for Circuit Emulation Services (CES) and Synchronous optical networking solutions.
During 2008, BATM made a number of investments in medical devices and supporting distribution networks, acquiring a clinical chemistry diagnostic company based in Italy.
In November 2008, the Company completed the acquisition of Vigilant Technology that provided video security systems such as digital recording systems, video content analysis and control centers used in airports, governmental sites, financial institutions, correctional facilities, casinos, and city centers. In 2014, Vigilant was dissolved.
History
In April 2000, BATM Advanced Communications acquired Telco Systems for $260.8 million in cash and 960,000 shares of BATM stock. As a wholly owned subsidiary of BATM Advanced Communications, the company now has over 400 engineers and scientists through BATM's integrated research and development program between all its subsidiary companies. Since its founding in 1992, BATM has been involved in the design and manufacture of equipment for the telecommunications industry.
Headquartered in Mansfield, MA, and Yokneam, Israel, Telco Systems has offices throughout the world including the United States, Germany, France, Singapore, and Australia.
From Wikipedia’s article on BATM, shared under CC BY-SA 4.0.5