Headquartered in Yokneam, Israel; the company also has offices in the United States of America, Iaşi in Romania and in Germany.

MIND CTI Ltd. was founded in 1995 by the company's current Chief Executive Officer Monica Iancu, née Eisinger, and Lior Salansky in Yokneam, Israel.

[4] In 2001, the company acquired from Veramark Technologies Inc. all the rights for the VeraBill product line, a mediation, provisioning and billing solution[buzzword] for wireline and wireless mid-size carriers, for US$1 million.

In 2013, the company announced that it would actively pursue acquisitions that satisfied certain criteria, including proven revenue generation, complementary technology and geography and expected accretion to earnings within two to three quarters.

[11] In the years prior to 2009, MIND CTI Ltd. had US$22.8 million,[12] almost two-thirds of its, then, current assets, tied up in collateralized debt obligation (CDO) bond investments issued by Merrill Lynch and structured as auction rate securities (ARSs),[13] which were subsequently written down in their entirety.

[16] In its Statement of Claim, filed on February 20, 2008, with the Financial Industry Regulatory Authority against Credit Suisse, its investment bank, and certain Credit Suisse employees, the company alleged, among other things, "that the bank was supposed to invest [the company's] funds in highly liquid, highly safe, 28-day auction rate securities, but - without [the company's] authorization - invested the funds ... in a security called 'Mantoloking [ARSs]'[12]" and sought recovery of US$22.8 million.

The arbitration action was related to United States vs. Butler, an indictment of two Credit Suisse bankers, Julian Tzolov and Eric Butler, for, among other things, securities and wire fraud,[17] alleging that Tzolov and Butler represented investments in CDO-ARSs as low risk products, guaranteed by the United States government and concealed or falsified the names of the investments to make it appear that these products were other types of ARSs than CDO-ARSs by removing the term "CDO" from the name of the investment, adding the term "student loan" or "SL," or doing both[18] (Tzolov pleaded guilty to in July 2009 and Butler was convicted in August 2009).

The complaint sought unspecified compensatory damages for, among other things, alleged misleading statements relating primarily to the Company's investment in auction rate securities.

The lawsuit seeks compensation equal to the difference between the compensation it received from Credit Suisse Group AG and the approximately US$20 million written off (for a total of US$1.8 million,) the cost of defending itself the purported class-action suit filed against it in relation to the auction rate securities matter, and the loss of return, economic activity, and goodwill resulting from Kesselmann and Kesselmann's actions.

In November 2009, the Board of Directors authorized a new plan for the repurchase of the company's shares, in an amount in cash of up to US$1.8 million.