technology inc originally founded israel technology company located new_york united_states developed marketed telecommunications software company focused providing value added services service providers particular mobile network operators wholly partly owned fusion words communication versatility founded company went public led founder ceo jacob alexander company originally specialized centralized hardware software systems voice sold telecommunications companies large enterprises funding came israeli government subsidies tax credits provided research development tech firms mid-1990s successful products allowed legal authorities intelligence agencies record store data collected intercepted communications starting late 1990s voice software main product company grew rapidly surge mobile phone use passing billion mark revenues established formidable position worldwide mobile management market sold popular short message service center product headquartered company research development israel visible success stories israel tech industry israel largest employers software engineers closely followed nation business press israeli associated company join index involved options scandal alexander executives charged multiple counts conspiracy fraud money making false alexander fled country engaged prolonged fight scandal proved difficult recover company removed spent years consumed costly need financial reports years additionally affected financial crisis changes mobile phone market company underwent rounds large scale sold parts business company began turnaround holdings ceased exist independent companies carry known product lines systems multiple known provider software systems enabling value added services voice mobile internet mobile advertising billing active customer management communications solutions support flexible deployment models including network hosted managed services run circuit switched network environments customer base spans countries covers communication service providers serving billion subscribers typically provided percent overall revenue local offices countries corporate headquarters located massachusetts known provider solutions analysis intercepted communications digital video focused security surveillance business intelligence enterprise products aimed enable government enterprises sense vast information collect meet performance security goals solutions organizations countries headquartered new_york offices worldwide employees globe percent owned provides signaling solutions wireless internet communications products equipment service providers worldwide deploy mobility location payment switching services headquartered new_jersey additional offices united_states europe asia acquired sold sells integrated voice data networking solutions use centers worldwide originally independent company acquired provides services mobile network operators portfolio includes international services core network solutions technologies including intelligent networks generation networks fully owned sold million venture capital operation created subsidiary partnership invested start companies directly active late 1990s early 2000s history origins company origins date sources differ aspiring investment banker alexander engineer alexander brother law columbia_university computer science professor got founded israeli start company meeting new_york idea building business centralized hardware systems support voice selling telecommunications companies large enterprises voice services customers quickly returned israel started company goal securing israeli government grants fund research development work early years company difficult founded united_states parent company chosen fusion words communication versatility went public million company money gained final round funding founders trouble working divorced alexander sister alexander left sole control company pulled company penny stock edge collapse early successes lead alexander credited turning fortunes million direct investment company won potentially million contract largest deliver computers running applications west german cellular networks beating far larger corporations process company biggest early customers company annual sales million selling combined voice system early successes came avoiding huge telecommunications companies instead focusing selling medium sized companies wireless market europe company sought variety markets including developing countries mexico china virtual telephone service gradually product emphasis shifted hardware software headquartered nearly manufacturing israel able substantially benefit government subsidies tax credits provided research development tech firms industries israel industrial research development foundation israeli companies built model including software company 1990s received research development grants program company reported percent rise profits revenues million range named company watch fortune magazine stock disappointing earnings report best known product sold overseas clients allowed legal authorities intelligence agencies record store data collected half company revenues point market analysts recommending stock growth wireless market leader voice software late 1990s surge mobile phone use market focus wireless operators overseas companies gained formidable position worldwide mobile management market growth coincided sms text messages popular big application sms mechanism tell wireless stored box expanded application blown short message service center receives processes dispatches sms messages mobile network branded intelligent short message service center typical software ran based platforms later found success lower price solution lower traffic networks competed solution companies space included found considerable market penetration exemplified hong_kong wireless carriers participant forming international wireless standards salt language add voice capabilities web based applications additional industry standards groups active include addition growing began acquiring companies israel acquired later known renamed acquired key rivals million stock acquisition gave large telecommunications market meant supplying voice systems world carriers left largest supplier northern saw record earnings formed wholly owned representing telecommunications services platforms products digital monitoring recording products respectively revenues billion global operations continued aggressively acquire small companies fill technologies exemplified purchase day period company stock price rose late early company able raise money times including subsidiary million shortly dot bubble burst prominent profitable success stories israel tech industry referring flagship industry ceo alexander sought meetings world leaders chinese president known later stated wizard israel technology boom stated goal israel finland largest employers software engineers israel stock widely held israeli investing public consequence successes failures followed closely country financial press prominent israeli companies enterprise software sector closely followed company israeli run ceo particular favoring loose relaxed system knew employees lines management reporting frequently bypassed joined index israeli associated company set mark joined index early 2000s recession led struggles global economic leading publicly announced profit warnings stock price july jobs cut period restructuring efforts company acquisitions buying instant specialist million having previously purchased percent stake image israel blue chip tech stock suffered led slide large israeli technology firms management criticized analysts having issued optimistic forecasts israeli firms industry worse failed completely period addition european market mobile management saturated wireless market decline changed partly separate thriving business struggles staged successful minority portion stock employees nearly countries partial economic difficulties revenues million december report raised concern equipment provided government electronic vulnerable systems allegedly door intercepted unauthorized parties reporter said reason believe israeli government implicated classified secret investigation underway march story fox report concluded suspected having introduced systems catch gates order intercept record store wire hardware render listener listened pursue allegations years legal commercial actions type taken fbi branch government related data access security issues real evidence presented allegations favorite topic conspiracy company million sales employed people half located israel country held research development workers occupied company seven buildings district business marketing operations stationed company new_york headquarters options improper accounting technology involved options scandal year company founder ceo stepped position alexander finance chief senior general counsel stepped charged july new_york multiple counts conspiracy fraud money making false sec related alleged options actions related stock options accusations included options stock trading low prices use fake names option holders creation secret funds hold illicit gains sec filed civil charges filing false annual quarterly financial reports statements alexander fled country classified wanted fugitive august september arrested hiding family bought house country club convicted faced years prison released bail subsequently engaged long far successful battle avoid money options crime leaving transferred million israel ending million blocked government overall sought million alexander assets april alexander won victory allowed continue live work country request finally ruled november alexander agreed pay government million settle sec case targeted settle lawsuits shareholders executives pleaded guilty criminal charges sentenced year prison prosecutors million sec sentenced time served minimal period originally custody companies investigated charged options known cases words pair financial writers poster child stock option fraud continuing difficulties scandal proved difficult recover charged executives stayed fired pay company said pursue legal action board directors expanded new ones americans new ceo came board april ongoing management crisis prevented company engaging new innovation entering new business areas despite economic climate growth occurred research analysts began company break accounting issues option unable file timely financial reports sec stock february removed time stock traded sec settled case company subject penalty fines matter accept permanent injunction future violations law publicly traded companies settlement similar case reached failure file timely financial reports company risk having stock registration revoked process deciding involving sec administrative law judge active financial crisis caused difficulties new occurring october march august company reportedly lost considerable money moves typical tech companies caught bad economic environment products viewed highly survey ranked world type billing services worldwide market share leaders providing message service centers wireless carriers rise popularity sending mail eroded carrier market products services company upper management largely american israeli internal criticism frequent clashes company culture early planning finally release annual report financial statements return fully listed anticipating piece positive news july million investment known entrepreneur promised financial reports come august public announcement company short cash planning subject stock completely caused drop stock price market company falling billion ceo said simply challenging times august analysts stating break selling spin business units running low cash engaged explore possibilities large known technology companies potentially interested private equity firms possibly interested company employees continued having half employed israel rest france continuing financial reporting problems cost company million fees related costs largest drain cash position fact senior management awarded bonuses time rounds left employees feeling outraged restructuring affected acquired business unit france possible october agreed sell thirds ownership subsidiary private equity firm million deal closed december company sold holdings million sold million land tech area north planning build new headquarters october finally published financial reports fiscal years company fiscal year runs february year january revealed company lost billion period february company announced effort report fiscal delayed restructuring independent business units focusing emphasis billing systems mobile carriers resumed possibly march revenues fiscal announced billion billion years previously overall loss million stepped ceo tenure stock fell percent price employees laid million time gained payments million departure overall stint leader company regarded positively israeli business press new ceo non executive chairman company american head company april company agreed million settlement government violations taken place payments order obtain purchase orders reported sales commissions accounting hopes recovery half analysts said accounting problems largely restructuring improving cash balance revenue growth positioned ongoing operations possible sale predicted company profit fiscal year gained tens millions new business hiring modest numbers employees including basis june results fiscal announced finally bringing company current annual reporting revenues rose billion company net loss million cash position stated sufficient meet needs positive sign recovery came listed september april results fiscal announced revenues remained flat billion company net loss decreased million results fiscal year demonstrated return net income million restructuring august series transactions announced end functioning entity making independent company known simply allowing buy majority stake selling said agreement planned spin result tax efficient distribution shareholders direct ownership independent capitalized publicly traded companies named ceo newly independent transactions completed february represented effective technology holding entity september new entity changed industry recognition years won number awards industry including product year ultra media product year ultra intelligent recording development group innovative solutions award frost sullivan year award business support systems international engineering consortium best product solution leadership award solution international engineering consortium awards best new product billing suite internet excellence award product internet excellence award package business support system product
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