HOD HASHARON, Israel,
November 10, 2016 /PRNewswire/ --
Allot Communications Ltd.
(NASDAQ: ALLT, TASE: ALLT), a leading global provider of
security and monetization solutions that enable service providers
to protect and personalize the digital experience, today announced
that its Board of Directors has elected Mr. Yigal Jacoby as its new Chairman.
Mr. Jacoby co-founded Allot in 1996 and served as its CEO until
2006, as Chairman of the Board until 2008, and as a Board member
since. In recent years, he invested in and worked with several
startup companies primarily in the Mobile, Media, and Security
industries.
Mr. Jacoby succeeds Mr. Shraga
Katz, who has served as chairman of the Board since
2008.
"I am honored to have worked with Shraga
Katz and greatly appreciate his contribution to the company
and to me personally," commented Andrei
Elefant, President & CEO of Allot Communications "I
am excited to have Mr. Jacoby return to the Chairman position and I
am confident that the company will benefit from his vast
experience, entrepreneurial spirit and understanding of market
trends. Furthermore, his insight as founder of Allot is second to
none. This experience will be particularly valuable at the critical
juncture we are currently in, given the changes in our market place
and within our organization, as we continue our shift towards
security solutions."
"Allot has always been a pioneer in its industry with unique
value added solutions. This continues today with its innovative
approach to security solutions." Stated Yigal Jacoby "I would like
to thank Shraga for his contribution to the company and
achievements over the past 8 years, and I am very excited to assume
the role of Chairman and to continue to serve the company. I have
great confidence in Allot's people, technology and vision."
About Allot Communications
Allot Communications (NASDAQ: ALLT, TASE: ALLT) is a leading
provider of security and monetization solutions that enables
service providers to protect and personalize the digital
experience. Allot's flexible and highly scalable service delivery
framework leverages the intelligence in data networks, enabling
service providers to get closer to their customers, safeguard
network assets and users, and accelerate time-to-revenue for
value-added services. We employ innovative technology, proven
know-how and a collaborative approach to provide the right solution
for every network environment. Allot solutions are currently
deployed at 5 of the top 10 global mobile operators and in
thousands of CSP and enterprise networks worldwide. For more
information, please visit http://www.allot.com
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on third party channel partners for a material portion
of our revenues; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Investor Relations Contact:
GK Investor Relations
Ehud Helft/Gavriel Frohwein
+1-646-688-3559
allot@gkir.com
Public Relations Contact:
Sigalit Orr
Director of Marketing Communications
+972-(9)-761-9171
sorr@allot.com
SOURCE Allot Communications Ltd.