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.
TypePublic
TSX: OPT
IndustryTelecommunications
Headquarters
Toronto, Ontario
,
Canada
Area served
Worldwide
Key people
John Giere
ProductsUnified [2]
Turnkey Converged Billing (TCB)
Next Generation Rating & Charging (NGRC)
One Call Resolution
InBill
Revenue$100m (2019)
$3m (2019)
Number of employees
>500

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 July 2020, Optiva made the decision to redeem its preferred shares.[11] 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.[12]

In December 2020, John Giere was named President and CEO of Optiva. Giere has served with leading global vendors, including Openwave Mobility, Alcatel-Lucent and Ericsson. He has more than 25 years of telecommunications industry leadership, building customer relationships and delivering innovative products to the market.[13]

Acquisitions

Optiva grew substantially by acquisition.

  • 2007 - Argent Networks for $4 million[14]
  • 2010 - Nimbus Systems for an undisclosed amount[15]
  • 2013 - Nokia Siemens Networks BSS division for $52 million[16]
  • 2015 - Orga Systems for EUR38 million[17]

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. https://optiva.com/wp-content/uploads/OPT-Press-Release-re-Results-of-Meeting-ASM-2020Aug18.pdf
  13. https://www.lightreading.com/cloud-nativenfv/telecom-vet-john-giere-to-lead-optiva-as-president-and-ceo/d/d-id/765976
  14. http://www.lightreading.com/document.asp?doc_id=150073 Redknee Buys Argent's InBill
  15. "Redknee Closes Nimbus Buy". Light Reading. Retrieved 25 May 2015.
  16. "Redknee to Pay $52M for NSN's BSS Unit". Light Reading. Retrieved 25 May 2015.
  17. "Redknee to Acquire Orga Systems". Redknee Press Release. Retrieved 23 June 2015.
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