Bridgewater Systems
From Wikipedia, the free encyclopedia
Bridgewater Systems was a Canadian network management technology firm.[2] It developed software for phone and cable companies.[3] The firm was acquired by Amdocs in 2011.[2][4]
 | |
Company type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1997 |
| Defunct | 2011 |
| Fate | Acquired by Amdocs[1] |
| Headquarters | Ottawa, Ontario , Canada |
Area served | Worldwide |
| Revenue | approx. $93.4 million (FY2010) |
Number of employees | 300+(2011) |
| Website | www.bridgewatersystems.com |
History
Bridgewater was founded by Doug Somers and Russ Freen in 1997.[citation needed] From 2004 to 2007, Bridgewater's revenues grew from $13.7 million to $39 million. In 2007 Bridgewater made an initial public offering on the Toronto Stock Exchange under the stock symbol BWC, where it raised $35 million.[3] In 2008 Bridgewater expanded its long-time relationship with Verizon Wireless by signing a three-year contract which included an initial order valued at $30 million. In April 2011 Infonetics Research report ranked Bridgewater as #1 in the 2009 policy market[5] In 2011, Bridgewater's board unanimously approved a takeover bid from Amdocs, an American headquarter technology firm, valuing the company at $215 million.[6]