Bridgewater Systems

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]

Bridgewater Systems
TypePublic
IndustryTelecommunications
FateAcquired by Amdocs
Founded1997 (1997)
Defunct2011 (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
Revenueapprox. $93.4 million (FY2010)
Number of employees
300+(2011)
Websitewww.bridgewatersystems.com

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. "Ottawa's Bridgewater Systems acquired for $211M". Financial Post. Retrieved 2015-10-11.
  2. Citizen, The Ottawa. "Bridgewater IPO nets $35 million to finance growth". Canada.com. Retrieved 2015-10-11.
  4. Amdocs to Acquire Bridgewater systems, Archived 2012-10-05 at the Wayback Machine Globes, 19 June 2011
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