Ability

Company Overview

Snapshot

Founded in January 1994 by Anatoly Hurgin and Alexander Aurovsky, Ability operates with 1–10 employees. The company has raised $13.6 million across two funding rounds, with Sabby Management as an investor. A significant milestone occurred in September 2015 when Ability listed on Nasdaq through a reverse merger.

Business overview

Ability provides advanced interception, geolocation, and cyber intelligence tools designed for security and intelligence agencies, military forces, law enforcement, and homeland security agencies globally. The company's core technology includes ULIN, a SaaS strategic interception system with voice, text, and geolocation capabilities, and other solutions for cellular and satellite communication. Ability serves governments and government agencies in over 50 countries, operating within the Aerospace, Defense & HLS sector.

Strategic signal

Ability faced significant market challenges following its Nasdaq offering in November 2018, which saw its stock plunge. This event signaled investor skepticism and operational difficulties, leading to a subsequent line of credit repayment and conversion into equity in December 2018, indicating a strategic effort to stabilize its financial position amidst market pressures.

Company Intelligence Q&A

What is Ability's primary focus?

Ability specializes in providing advanced interception, geolocation, and cyber intelligence tools for security and intelligence agencies, military forces, law enforcement, and homeland security agencies worldwide.

When was Ability founded and by whom?

Ability was founded in January 1994 by Anatoly Hurgin and Alexander Aurovsky.

What was a key financial event for Ability in 2015?

In September 2015, Ability listed on Nasdaq through a $192 million reverse merger, as reported by Globes.

What happened to Ability's stock after its Nasdaq offering in November 2018?

Following its Nasdaq offering in November 2018, Ability's stock experienced a significant plunge, as reported by Globes.

What was a notable financial restructuring for Ability in December 2018?

In December 2018, Ability's line of credit was repaid and converted into equity, as announced via GlobeNewswire.