Optiva

Optiva Inc. (formerly Redknee Solutions, Inc.[1]) is a Canadian provider of Business support system and Operations Support Systems software and services to the telecommunications industry.

Optiva Inc.
Public
Traded asTSX: OPT
IndustryTelecommunications
Headquarters
Toronto, Ontario
,
Canada
Area served
Worldwide
Key people
CEO Hire Pending
ProductsUnified [2]
Turnkey Converged Billing (TCB)
Next Generation Rating & Charging (NGRC)
One Call Resolution
InBill
Revenue$100m (2019)
$3m (2019)
Number of employees
>500
Websitewww.optiva.com 

History

Optiva was founded in 1999 as Redknee Solutions by then CEO, Lucas Skoczkowski, and four other co-founders.[3] The company expanded into Europe in 2000[4] and opened R&D facilities in Pune, India in 2004.[5] It was later listed on the London AIM Index in 2007[6] and on the Toronto Stock Exchange in 2008.[7]

In 2017 ESW Capital took control of the company, removing the CEO, Lucas Skoczkowski, and replacing him with Danielle Royston from ESW Group. [8][9] Redknee Solutions was then rebranded as Optiva on Jan 16, 2018.[10] The rebranding effort was completed on April 5, 2018.

In 2020, ESW Capital has lost control of the board following the redemption of preferred shares [11], and Danielle Royston resigned. The search for a new CEO is ongoing. The shareholders approved the poison pill plan during the AGM on August 18, 2020.

Acquisitions

Optiva grew substantially by acquisition.

  • 2007 - Argent Networks for $4 million[12]
  • 2010 - Nimbus Systems for an undisclosed amount[13]
  • 2013 - Nokia Siemens Networks BSS division for $52 million[14]
  • 2015 - Orga Systems for EUR38 million[15]

Products

Optiva provides BSS and OSS software and services to the telecommunications industry. These include rating and charging, converged billing, customer experience management, interconnect billing and customer care. Its products address wireless, fixed line, satellite, WiMAX, MVNO and broadband providers across the Americas, Europe, Asia Pacific, the Middle East and Africa.

References
  1. http://optiva.com/january-16th-press-announcement/
  2. http://www.redknee.com/solutions/by-product/redknee-unified/
  3. http://www.financialpost.com/small-business/business-solutions/story.html?id=2653342 Patience Pays Off
  4. http://www.redknee.com/news_events/news_releases/older_new_releases/43/ Redknee Announces Business Expansion in Toronto and Dublin
  5. http://strategis.ic.gc.ca/eic/site/sbrp-rppe.nsf/eng/rd02458.html Redknee Solutions Inc.:Planning for Success
  6. https://www.theglobeandmail.com/archives/canadian-tech-firm-goes-public----in-uk/article746327/ Canadian Tech Firm Goes Public -- in U.K.
  7. http://www.newswire.ca/en/releases/archive/October2008/21/c7885.html Redknee Common Shares Approved for Trading on Toronto Stock Exchange
  8. "Redknee Enters into Subscription Agreement with ESW Capital, LLC". Redknee Press Release. Retrieved 30 November 2016.
  9. "Redknee Solutions Inc. Announces Changes to Board of Directors and Executive Leadership". Redknee Press Release. Retrieved 30 November 2016.
  10. "Redknee Solutions Announces Name Change to Optiva™ and Advances Strategic Plan". www.newswire.ca. Retrieved 2018-10-12.
  11. https://optiva.com/optiva-completes-redemption-of-preferred-shares-closes-us90-million-debenture-financing-and-refreshes-board-with-new-independent-directors
  12. http://www.lightreading.com/document.asp?doc_id=150073 Redknee Buys Argent's InBill
  13. "Redknee Closes Nimbus Buy". Light Reading. Retrieved 25 May 2015.
  14. "Redknee to Pay $52M for NSN's BSS Unit". Light Reading. Retrieved 25 May 2015.
  15. "Redknee to Acquire Orga Systems". Redknee Press Release. Retrieved 23 June 2015.
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