HOD HASHARON, Israel,
November 4, 2014 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ, TASE: ALLT), a leading global
supplier of service optimization and revenue generation solutions
for fixed and mobile broadband operators and cloud providers, today
announced the appointment of Mr. Shmuel
Arvatz as the Company's new Chief Financial Officer. Mr.
Arvatz will replace Mr. Nachum
Falek, Allot's current CFO, who is leaving to become the CFO
of a privately-held company.
"Shmuel brings more than 20 years of experience, great talent
and skill both in finance and business leadership in the hi-tech
industry," said Andrei Elefant,
Chief Executive Officer of Allot. "Shmuel will contribute to our
finance, operations, investor relations and business strategy. On
behalf of the board of directors and Allot's management I wish to
thank Nachum for five years of outstanding service directing the
finance and investor relations teams and being a vital contributor
to the Allot success story. We all wish him luck with his future
endeavors."
Prior to joining Allot, Mr. Arvatz served as the CFO of
ClickSoftware (NASDAQ: CKSW), a leading provider of automated
mobile workforce management and service optimization solutions for
enterprises, since 2002. Prior to joining ClickSoftware, Shmuel
served as the CFO of Shrem, Fudim, Kelner Technologies Ltd., a
leading investment house in Israel. He also served as Executive Vice
President and CFO of Tecnomatix Technologies Ltd. (NASDAQ: TCNO), a
leading provider of software e-manufacturing solutions. Between
1990 and 1999, Shmuel served as Vice President and CFO of ADC
Israel Ltd. (previously Teledata Communications Ltd.). Shmuel holds
a B.A. in Accounting and Economics from Bar-Ilan University.
"I am thrilled at the opportunity to join Allot, as the dominant
leader in its field and a successful company with a proven track
record," said Shmuel Arvatz, Allot's
new Chief Financial Officer. "I am looking forward to contributing
the knowledge and perspective I have gained from my experience in
the industry to support Allot in its future growth and
development," he added.
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) empowers service
providers to monetize and optimize their networks, enterprises to
enhance productivity and consumers to enjoy an always-on digital
lifestyle. Allot's advanced DPI-based broadband solutions identify
and leverage network intelligence to analyze, protect, improve and
enrich mobile, fixed and cloud service delivery and user
experience. Allot's unique blend of innovative technology, proven
know-how and collaborative approach to industry standards and
partnerships enables network operators worldwide to elevate their
role in the digital lifestyle ecosystem and to open the door to a
wealth of new business opportunities. For more information, please
visit http://www.allot.com.
Forward Looking Statement
This release may contain 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 expressed or implied by 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;
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.
Allot Communications Contact:
Maya Lustig | Director of
Corporate Communications
+972-9-7616851| mlustig@allot.com
Rami Rozen | AVP Corporate
Development
+972-52-5694441| rrozen@allot.com
SOURCE Allot Communications Ltd.