ECI Telecom Ltd is an Israel-based manufacturer of telecommunications equipment that provides packet optical transport products, software-defined networking applications, cybersecurity and professional services.
History
The Electronics Corporation of Israel (ECI) was founded in 1961. It specialized in telephone transmission products that manipulated the signals carried on telephone lines. The Electronics Corporation of Israel became ECI Telecom in 1981, and had its first trading on NASDAQ in 1982. Since that time, ECI has undergone a number of mergers and acquisitions. An acquisition in 2007 by the Swarth Group and the Ashmore Group, private equity firms, making ECI a private company once again.[1]
In November 2019, Ribbon Communications announced agreed to acquire ECI Telecom, through a merger, for $486 million.[2]
Facebook in its phase five has given transport core network deployment to Ciena and worldwide metro packet network deployment to ECI telecom which will be completed by 2022.[citation needed]
ECI has over 3,000 employees with offices in over 20 countries and development centers in India, China, and Israel.