 | |
Company type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1997 (1997) |
| Defunct | 2011 (2011) |
| Fate | Acquired by Amdocs1 |
| Headquarters | Ottawa, Ontario , Canada |
Area served | Worldwide |
| Revenue | approx. $93.4 million (FY2010) |
Number of employees | 300+(2011) |
| Website | www.bridgewatersystems.com |
Bridgewater Systems was a Canadian network management technology firm.2 It developed software for phone and cable companies.3 The firm was acquired by Amdocs in 2011.24
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.3 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. In April 2011 Infonetics Research report ranked Bridgewater as #1 in the 2009 policy market5 In 2011, Bridgewater's board unanimously approved a takeover bid from Amdocs, an American headquarter technology firm, valuing the company at $215 million.6
References
References
- "Amdocs to buy Canada's Bridgewater for $215 mln". Reuters. 17 June 2011. Retrieved 30 May 2025.
- "Ottawa's Bridgewater Systems acquired for $211M". Financialpost. Retrieved 2015-10-11.
- Citizen, The Ottawa. "Bridgewater IPO nets $35 million to finance growth". Canada.com. Retrieved 2015-10-11.
- "Amdocs Buys Bridgewater Systems". Forbes. Retrieved 2025-05-13.
- "Infonetics Research | telecommunications market research | telecom market analysis". www.infonetics.com. Archived from the original on 2011-07-13. Retrieved 2025-05-30.
- "Amdocs Completes Aquisition [sic] Of Bridgewater Systems For $211M". www.lexpert.ca. Retrieved 2025-05-30.