Last $1.23 USD
Change Today -0.02 / -1.60%
Volume 5.6K
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

rit technologies ltd (RITT) Snapshot

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09/24/14 - $2.65
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08/20/14 - $0.89
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rit technologies ltd (RITT) Details

RiT Technologies Ltd. provides intelligent infrastructure management (IIM) and indoor optical wireless technology solutions. Its IIM products enhance security and network utilization for data centers, communication rooms, and work space environments. The company offers enterprise solutions, including PatchView hardware, which is offered in a cross connect topology; CenterMind data center infrastructure management software for data centers; and SMART Cabling System, a structured network infrastructure solution designed for copper and fiber cabling environments. It is also provides Beamcaster, an indoor wireless optical network product that allow high-speed, high-bandwidth transmission through optical signals between the central station and the user station. The company’s solutions are deployed in the private sector, government agencies, financial institutions, airport authorities, healthcare, and education institutions. RiT Technologies Ltd. markets its products through independent distributors, resellers/integrators, original equipment manufacturers, and other strategic alliance partners with companies. It primarily operates in the United States, Europe, Israel, South and Latin America, and the Asia Pacific. The company was founded in 1989 and is headquartered in Tel Aviv, Israel. RiT Technologies Ltd. is a subsidiary of Stins Coman Incorporated.

82 Employees
Last Reported Date: 04/28/14
Founded in 1989

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rit technologies ltd (RITT) Key Developments

Belden Improves Network Intelligence and Flexibility with RiT Technology's IIM Solution

RiT Technologies Ltd. announced that Belden has enhanced its network infrastructure management product portfolio in the Asia Pacific region with RiT's IIM solutions. RiT Technology's IIM solution provides complete real-time visibility and control of all network physical components including status of devices and their location, in both inter-connect and cross-connect configurations. This capability enables IT departments to quickly identify connectivity issues, points of failure, and unused or underutilized equipment for improved efficiency and uptime.

RiT Technologies and Wipro Ltd. Sign Cooperation Agreement

RiT Technologies announced that it has signed an MOU with Wipro Ltd. Under the agreement, the parties will cooperate in identifying relevant projects in India and customizing their integrated solutions for projects, to maximize their business in India. The cooperation between RiT and Wipro seeks to address challenges faced by IT departments in dynamic, complex and geographically distributed environments, along with the rising demand for bandwidth, storage and computing power with limited space and resources. The RiT IIM solution provides complete visibility and control of all network physical components, optimizes service allocation to equipment and automates MACs, saving IT departments considerable resources and maintenance time. In addition, RiT's IIM solutions enable IT managers to detect points of failure, prevent downtime and improve network output. It also adds an extra layer of security, protecting mission critical communications networks by guarding from unauthorized connects and disconnects. RiT is forming this partnership as a result of the growing demand in India for innovative IT solutions. IT spending in India is projected to reach a total of $73.3 billion in 2015, a 9.4% increase from the $67.1 billion forecast for 2014.

RiT Technologies Ltd. Announces Executive Changes

RiT Technologies Ltd. announced that its Board of Directors has promoted its Controller, Eran Erov to VP Finance, effective December 22, 2014. RiT's CFO, Elan Yaish, has resigned to pursue other opportunities. Eran Erov, 35, has served as the Controller of RiT Technologies since joining the company in 2013. Prior to joining RiT, Mr. Erov held the position of Assistant CFO at GeoGlobal Resources Israel ltd.


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