History
TTI Telecom was incorporated in 1990 and commenced its operations in 1992 as a subsidiary of Team Computers and Systems Ltd., after having operated as a division of Team Computers since 1988. TTI Telecom shares have been traded on the NASDAQ Global Market under the symbol NASDAQ: TTIL since an initial public offering of a minority stake of its shares in December 1996 when it was still a Team Computers subsidiary. In April 2005, TTI Telecom ceased to be a subsidiary of Team Computers.
In 2011, TTI challenged the Indian tax authorities in a case brought before the Indian Income Tax Appellate Tribunal in Mumbai. The court ruled in TTI's favor, ruling that software receipts were not royalties under the India-Israel tax treaty.
TTI Telecom has a registered patent in the United States and a patent application pending in Europe. The US patent addresses the functionality of a topology-based reasoning system for root-cause analysis of network faults, a component of the Netrac FaM product line.
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