Optiva Inc. (formerly Redknee Solutions, Inc.[1]) provides cloud-native billing, charging and revenue management software. Its products are delivered globally on private and public clouds. The Company’s solutions help global operators, MVNOs, MVNEs and new telecom market entrants to monetize digital, 5G, IoT and emerging market opportunities.

Optiva Inc.
TypePublic
TSX: OPT
IndustryTelecommunications
Headquarters
Toronto, Ontario
,
Canada
Area served
Worldwide
Key people
Robert Stabile (CEO), Michele Campriani (CRO), Matthew Halligan (CTO)
ProductsBSS, Charging, Partner Monetization available on private and public clouds
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.[2] The company expanded into Europe in 2000[3] and opened R&D facilities in Pune, India in 2004.[4] It was later listed on the London AIM Index in 2007[5] and on the Toronto Stock Exchange in 2008.[6]

In 2017 ESW Capital took control of the company, removing the CEO, Lucas Skoczkowski, and replacing him with Danielle Royston from ESW Capital. [7][8] Redknee Solutions was then rebranded as Optiva on Jan 16, 2018.[9] The rebranding effort was completed on April 5, 2018.

In July 2020, Optiva made the decision to redeem its preferred shares.[10] As a result, ESW lost control of the company, and Danielle Royston resigned as CEO. In August, at the annual and special meeting, the shareholders approved to ratify the adoption of the company's shareholder rights plan and to approve the unallocated options available under the company's stock option plan.[11]

In December 2020, John Giere was named President and CEO of Optiva.[12] Robert Stabile, Chairman of the Optiva Board since 2017, is the current CEO.

Acquisitions

Optiva grew substantially by acquisition.

  • 2007 - Argent Networks for $4 million[13]
  • 2010 - Nimbus Systems for an undisclosed amount[14]
  • 2013 - Nokia Siemens Networks BSS division for $52 million[15]
  • 2015 - Orga Systems for EUR38 million[16]

Products

Optiva provides cloud native BSS, Charging and Partner Monetization 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, MVNE and broadband providers across the Americas, Europe, Asia Pacific, the Middle East and Africa.

References

  1. ↑ "Redknee Unveils New Brand, Advancing its Global Strategic Plan".
  2. ↑ http://www.financialpost.com/small-business/business-solutions/story.html?id=2653342 Patience Pays Off
  3. ↑ http://www.redknee.com/news_events/news_releases/older_new_releases/43/ Redknee Announces Business Expansion in Toronto and Dublin
  4. ↑ http://strategis.ic.gc.ca/eic/site/sbrp-rppe.nsf/eng/rd02458.html Redknee Solutions Inc.:Planning for Success
  5. ↑ https://www.theglobeandmail.com/archives/canadian-tech-firm-goes-public----in-uk/article746327/ Canadian Tech Firm Goes Public -- in U.K.
  6. ↑ http://www.newswire.ca/en/releases/archive/October2008/21/c7885.html Redknee Common Shares Approved for Trading on Toronto Stock Exchange
  7. ↑ "Redknee Enters into Subscription Agreement with ESW Capital, LLC". Redknee Press Release. Retrieved 30 November 2016.
  8. ↑ "Redknee Solutions Inc. Announces Changes to Board of Directors and Executive Leadership". Redknee Press Release. Retrieved 30 November 2016.
  9. ↑ "Redknee Solutions Announces Name Change to Optiva™ and Advances Strategic Plan". www.newswire.ca. Retrieved 2018-10-12.
  10. ↑ "Optiva Completes Redemption of Preferred Shares, Closes US$90 Million Debenture Financing and Refreshes Board with New Independent Directors".
  11. ↑ https://optiva.com/wp-content/uploads/OPT-Press-Release-re-Results-of-Meeting-ASM-2020Aug18.pdf
  12. ↑ "Telecom vet John Giere to lead Optiva as president and CEO".
  13. ↑ http://www.lightreading.com/document.asp?doc_id=150073 Redknee Buys Argent's InBill
  14. ↑ "Redknee Closes Nimbus Buy". Light Reading. Retrieved 25 May 2015.
  15. ↑ "Redknee to Pay $52M for NSN's BSS Unit". Light Reading. Retrieved 25 May 2015.
  16. ↑ "Redknee to Acquire Orga Systems". Redknee Press Release. Retrieved 23 June 2015.
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