RAD Group
The RAD Group consists of a number of independent companies that develop, manufacture and market solutions[
Four RAD Group companies are traded on
History
The experience of losing the distribution rights of Codex made Yehuda realize that his business should never rely on one product line, and in 1981 he asked his brother, Zohar, to join him at Bynet to start working on the development of their products. They started a new company in a corner of the Bynet offices and gave it the name RAD Data Communications, RAD being the acronym of Research And Development.[2]
RAD's first successful product was a miniature (by 1980s standards)
In 1985, RAD provided initial funding and support to entrepreneur Benny Hanigal to start LANNET Data Communications, which developed a pioneering
By the end of 1995, the merged Madge-LANNET had 1,400 employees and achieved revenues of more than $400 million, but throughout 1996-1997 there were disagreements about strategy. Benny Hanigal left the company and joined the Israeli
During the 1990s the RAD Group was involved in establishing 12 different technology companies. Some became publicly listed companies on
Importance
According to research conducted by Prof. Shmuel Ellis, Chair of the Management Department at Tel Aviv University's Faculty of Management, together with Prof. Israel Drori of the School of Business Administration at the College of Management Academic Studies and Prof. Zur Shapira, Chair of the Management and Organizations Department at New York University, the RAD Group has been "the most fertile ground" for creating Israeli entrepreneurs, having produced 56 "serial entrepreneurs" who established more than one start-up each. RAD Group "graduates" were responsible for the establishment of a total of 111 significant hi-tech initiatives.[6]
Awards and recognition
RAD Group companies have won many awards including from Business Red Herring, the Fierce Innovation Cybersecurity Award, the Internet Telephony Conference Best-in-Show Award, the Network Virtualization Industry Award, Telecom Asia's Reader's Choice Award, multiple Carrier Ethernet Awards, and Editor's Choice Awards from industry magazines such as Network Computing.[7] The RAD Group also sponsors Protocols.com, a leading site for network and computer science information and reference materials.
Zohar Zisapel has been called the "Bill Gates" of Israel. [8][9]
In 2005, RAD Group was ranked 14 on the list of "The 29 Best Business Ideas in the World" by Business 2.0 magazine in August 2005.[10]
RAD Group Companies
The RAD Group currently consists of 10 companies, four of which are traded on the Nasdaq stock market. The group's total revenue in 2016 was $1.328 billion.
- Bynet - system integrator, established 1973
- RAD Data Communications - access solutions[buzzword] for carriers and corporate networks, established 1981
- Silicom Connectivity Solutions - hi-end adapters for servers and security appliances, established 1987
- RADCOM - providers of monitoring, analysis and troubleshooting systems for Next Generation networks, established 1991
- Ceragon Networks - wireless broadband, established 1996 (as Giganet)
- Radware - intelligent application switching, established 1997
- Radwin - broadband wireless solutions[buzzword], established 1997
- PacketLight Networks - DWDM/OTN solutions for fiber optic networks and data center interconnect, transporting high rate data, storage, video, and voice applications, with optional Layer-1 encryption, established 2000
- Radiflow - cyber-security solutions for ICS/SCADA, established 2009
- SecurityDAM - detection and mitigation of Distributed Denial of Service (DDoS) attacks, established 2012
Former members
Former members of the RAD Group include:
- LANNET - sold to Madge Networks in 1995 and then to Lucent in 1998
- RADLINX - sold to VocalTec in 1998
- Armon Networking - sold to Bay Networks in 1996[11]
- RADNET - sold to Siemens AG and Newbridge Networksin 1997
- Marvell in 2003[12]
- RND - sold to USR Electronics in 2003
- RiT Technologies - sold to Stis Coman Corporation in 2008[13]
- SANRAD - sold to OCZ Technologyin 2012
- Radvision - sold to Avaya in 2012
- RadView Software
See also
- List of Israeli companies quoted on the Nasdaq
- Science and technology in Israel
- Silicon Wadi
- Economy of Israel
References
- ^ "The Startup Factory" How a little-known Israeli telecom became the world's most successful incubator, Michael Myser, August 1, 2005, Business 2.0 Archived March 29, 2012, at the Wayback Machine
- ^ OL 18623011M
- ^ "Madge Announces Arrangement to Acquire Switching Innovator LANNET", Business Wire, June 18, 1995, retrieved 2009-11-15
- ^ Junnarkar, Sandeep (July 9, 1998), "Lucent to acquire LANNET", CNET News, archived from the original on 2012-10-25
- ^ Pitango Venture Capital Portfolio - RADCOM (public), archived from the original on 2014-04-10, retrieved 2009-11-16
- ^ "The Mother of the Start-Ups: The RAD Group Gave Birth to 110 Companies". The Marker. January 18, 2012.
- ^ "Telecommunications Industry Awards". Retrieved April 26, 2015.
- ^ "CNN Money article". Archived from the original on 2012-03-29.
- ^ "Innovations Publishing". Archived from the original on 2007-09-29.
- ^ "The 29 Best Business Ideas in the World", Business 2.0, August 2005
- ^ "Bay Networks acquires RAD-BYnet's Armon.(Armon Networking)", Israel Business Today, March 24, 1996, archived from the original on 2012-11-02
- ^ "Marvell Acquires RADLAN Computer Communications Ltd., A Leading Provider of Embedded Networking Software.", Business Wire, February 6, 2003[dead link]
- ^ "Network control co RIT borrows from new Russian owner". Globes. 16 June 2008. Retrieved 4 October 2011.
Altogether, Stims Coman bought 6.5 million shares, or 41.8% of the company.