TEL AVIV, Israel, January 4, 2016 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM), today announced that Mr.
David Ripstein, RADCOM's CEO since
mid-2007, is retiring from his position at RADCOM and that Mr.
Yaron Ravkaie, age 47, formerly
President of Amdocs' North American AT&T Division, will assume
the role of CEO in mid-January.
Mr. David Ripstein, RADCOM's
outgoing CEO, commented, "After eight years as CEO and our
achievement of winning a significant opportunity in a top-tier
Mobile Operator in North America,
I feel that now is the right time to hand over the reins to my
successor. Q4 revenue estimates will be approximately $2.7M to $3.0M, which is lower than we expected,
due to the company-wide effort focused on winning this top-tier
opportunity. Despite this near term pain, I believe this massive
effort will translate into long term gain. I will continue to
advise the company in the coming year to facilitate a smooth
transition."
Mr. Ravkaie held a variety of leadership positions, during his
16-year tenure at Amdocs, within its North American organization,
including serving as President of its $1
billion AT&T Division with responsibility for sales,
client management, strategy, projects, programs, long-term
outsourcing and managed services activities. In 2013, Mr. Ravkaie
created and served as President of Amdocs' Mobile Financial
Services Division, a position in which he executed an M&A and
led a global organization. During the past 12 months, Mr. Ravkaie
served as Chief Business Officer for RR Media, with top-level
responsibility for managing its global business group. Mr. Ravkaie
holds a B.Sc. in Industrial Engineering and Management from the
Technion-Israel Insitute of Technology and an MBA from the
Ben Gurion University.
Mr. Yaron Ravkaie commented,
"RADCOM is a great company with huge potential, second-to-none
technology and a bright future. I feel privileged to lead the
company as it enters this exciting new stage of its growth. We are
going to excel in our future deployments, and ensure the full
satisfaction of our customers that will strengthen the company
growth, and lead to increased revenues."
Ms. Heli (Rachel) Bennun,
RADCOM's Chairwoman of the Board, commented, "I would like to
express the Board's sincere thanks and appreciation to David Ripstein as he retires from RADCOM. His
vision and leadership has fueled the Company's successful
turnaround, and guided its emergence as a strong, profitable
company, well positioned for continued growth. We are grateful for
his leadership and dedicated service, and wish him well in his
future endeavors."
"At the same time we are pleased to welcome Yaron Ravkaie as
RADCOM's new CEO, we have full confidence in his ability to lead
RADCOM through its exciting new growth phase. Yaron's track record
demonstrates clearly that he has the management experience,
execution capabilities and industry knowledge that the Company
needs for this next stage."
About RADCOM
RADCOM provides innovative service assurance and customer
experience management solutions for leading telecom operators and
communications service providers. RADCOM specializes in solutions
for next-generation mobile and fixed networks, including
LTE, VoLTE, IMS, VoIP, UMTS/GSM and mobile broadband. RADCOM's
comprehensive, carrier-grade solutions are designed for big data
analytics on terabit networks, and are used to prevent service
provider revenue leakage and to enhance customer care management.
RADCOM's products interact with policy management to provide
self-optimizing network solutions. RADCOM's shares are listed on
the NASDAQ Capital Market under the symbol RDCM. . For more
information, please visit http://www.RADCOM.com.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use the words "estimate,"
"project," "intend," "expect," "believe" and similar expressions
are intended to identify forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks
and uncertainties that could cause the actual results, performance
or achievements of RADCOM to be materially different from those
that may be expressed or implied by such statements, including,
among others, changes in general economic and business conditions
and specifically, decline in the demand for RADCOM's products,
inability to timely develop and introduce new technologies,
products and applications, and loss of market share and pressure on
prices resulting from competition. For additional information
regarding these and other risks and uncertainties associated with
RADCOM's business, reference is made to RADCOM's reports filed from
time to time with the United States Securities and Exchange
Commission. RADCOM does not undertake to revise or update any
forward-looking statements for any reason.
For all media enquiries, please contact:
Mark Rolston
Marketing Manager
+972-77-774-5036
markr@radcom.com
SOURCE RADCOM Ltd