Bridgewater Systems
 | |
| Public | |
| Industry | Telecommunications |
| Fate | Acquired by Amdocs |
| Founded | 1997 |
| Defunct | 2011 |
| Headquarters | Ottawa, Ontario, Canada |
Area served | Worldwide |
Key people |
• Ed Ogonek, Vice President, Data Experience BU • Kim Butler, Vice President BU Operations • Sir Terence Matthews, Chairman |
| Revenue | approx. $93.4 million (FY2010) |
Number of employees | 300+(2011) |
| Website | www.bridgewatersystems.com |
Bridgewater Systems was a Canadian network management technology firm.[1] It developed software for phone and cable companies.[2] The firm was acquired by Amdocs in 2011.[1]
History
Bridgewater was founded by Doug Somers and Russ Freen in 1997. 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.[2] 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. The April 2010 Infonetics Research report ranked Bridgewater as #1 in the 2009 policy market[3] In 2011, Bridgewater's board unanimously approved a takeover bid from Amdocs, an American headquarter technology firm, valuing the company at $215 million.[4]
References
- 1 2 "Ottawa's Bridgewater Systems acquired for $211M". Financial Post. Retrieved 2015-10-11.
- 1 2 Citizen, The Ottawa. "Bridgewater IPO nets $35 million to finance growth". Canada.com. Retrieved 2015-10-11.
- ↑ http://www.infonetics.com/newsletters/Next-Gen-OSS-Policy-032510.html
- ↑ Amdocs to Acquire Bridgewater systems, Globes, 19 June 2011