History
The company was founded as the Electronics Corporation of Israel in 1961 for the purpose of manufacturing advanced electronic equipment. 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. The company became ECI Telecom Ltd. in 1984. Since that time, ECI has undergone a number of mergers and acquisitions, most recently an acquisition in 2007 by Swarth Group, a private equity group, making ECI a private company once again. In addition to the telephone line doubler (1977), recent achievements for the company include HDSL (1993), optical ring-based networks (2000), toll-quality Voice over IP (2002), coarse wavelength division multiplexing (2003), 10-degree reconfigurable optical add-drop multiplexer (2007), the first Carrier Ethernet switch/router built with a transport mindset (2008), Dynamic Spectrum Management Level 3 (2009) and Network Design Platform (2009).
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Famous quotes containing the word history:
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)