ECI Telecom

Network Infrastructure and Management Solutions

Business Software
Acquired (Inactive) by Ribbon Communications on Nov 2019 - closed due to acquisition

Company Overview

Snapshot

Founded in February 1961, ECI Telecom operated with over 1,000 employees and raised a total of $190 million across 3 funding rounds from 5 investors. The company was acquired by Ribbon Communications in November 2019.

Business overview

ECI Telecom provides elastic network solutions to service providers, utilities, and data center/cloud providers globally. The company's core technology ensures open, future-proof, and secure communications, leveraging its SmartLight framework for deploying software-defined networks (SDN) and network functions virtualization. ECI Telecom serves markets by enabling smart migration for service providers to integrate SDN with existing infrastructure and offers solutions for protecting, managing, and optimizing networks as they become more open and programmable. It operates within the Business Software sector, focusing on IT & Network Management, Communications, and serves Communication Services and Defense, Safety & Security target customers.

Strategic signal

In March 2020, following its acquisition, ECI Telecom, in collaboration with Ribbon, introduced new 400 Gigabit Ethernet Blades. This development is significant as it addresses the growing demand for faster downloads and aims to reduce network congestion, enhancing the overall user experience. For investors, this signals a continued focus on innovation and product development post-acquisition, indicating a strategic move to maintain market relevance and improve network performance in the evolving telecommunications landscape.

Company Intelligence Q&A

What was the most significant corporate event for ECI Telecom?
ECI Telecom was acquired by Ribbon Communications in November 2019. This acquisition was a major milestone, integrating ECI's network solutions into Ribbon's portfolio.
What was ECI Telecom's total capital raised?
ECI Telecom raised a total of $190 million across 3 funding rounds prior to its acquisition.
When did ECI Telecom last raise funding?
In January 2010, ECI Telecom secured debt financing from Viola Credit.
What was ECI Telecom's strategic focus after the acquisition?
In March 2020, ECI Telecom, in partnership with Ribbon, launched new 400 Gigabit Ethernet Blades to deliver faster downloads and reduce network congestion, enhancing user experience.

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