Neha Patil (Editor)

BATM Advanced Communications

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Type
  
Public

Key people
  
Zvi Marom CEO

Founded
  
1992

Traded as
  
LSE: BVC

Headquarters
  
Hod HaSharon, Israel

Number of employees
  
450 (2008)

Industry
  
Communication systems, Medical devices

Products
  
Broadband networks Solutions, Fibre optic networking, Medical diagnostic solutions, Video recording

Revenue
  
US$ 134.4 million (2008)

Stock price
  
BVC (LON) 19.89 GBX +0.14 (+0.71%)24 Feb, 5:34 PM GMT - Disclaimer

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BATM Advanced Communications Ltd. (Baras Advanced Technologies Marom) is a technology company principally engaged in development, production and marketing of data and telecommunication products in the field of local and wide area networks, as well as the development, production and distribution of laboratory diagnostic equipment in the medical sector. The company is listed on the London Stock Exchange and is a constituent of the FTSE techMARK 100 Index.

Contents

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, multi-service transport, access solutions, and integrated voice, video and data service.

Acquisitions

  • In April 2000 BATM acquired Telco Systems (founded in 1972) for $260.8 million in cash and 960,000 shares of BATM stock. Telco Systems, based in Foxboro, Massachusetts, manufactures network transport and access solutions for telecommunications service providers.
  • 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 Ltd. (Which provides video security solutions).

    • References

    BATM Advanced Communications Wikipedia
    (Text) CC BY-SA