HOD HASHARON, Israel,
April 30, 2014 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ: ALLT), a leading
supplier of service optimization and revenue generation solutions
for fixed and mobile broadband operators and cloud providers, today
announced that Rami Hadar, President
and CEO of Allot, will retire during the second quarter of 2014 and
will be replaced by Andrei Elefant,
currently Allot's VP Product Management and Marketing. Mr. Hadar
will remain a member of the company's board of directors.
For the past 8 years, Allot benefitted from Rami Hadar leadership as President and CEO,"
said Shraga Katz, Chairman of the
Board of Directors. "Rami's contributions to the company cannot
be overstated. "Rami began his tenure at Allot while it was a small
private company and led it to becoming a dual-listed public
company. During his tenure as CEO, Allot turned into a profitable
company with revenue growth of more than 300%. Under Rami's
management, the company entered the service provider mobile space
and the Allot Service Gateway penetrated five of the top ten global
mobile operators. He scaled the company's operations and expanded
its global sales presence to acquire and serve these large
customers directly. We are grateful for his leadership, service and
his friendship. He will be greatly missed by all."
Mr. Katz considers Mr. Elefant to be an excellent choice to lead
Allot in the future: "We are fortunate to have Andrei as internal
successor and Allot's new CEO. Andrei's experience and knowledge of
the company and our industry will be critical for Allot's years
ahead. Andrei spent a considerable amount of time with our
customers and has a deep understanding of their needs and forward
strategies"
"After having the privilege of leading Allot over the last 8
years, it is with great pleasure that I transition my
responsibilities over to a great successor, said Rami Hadar. Over the years, we have worked
closely and I have great confidence in Andrei to take Allot to the
next level. Andrei has been a key player in Allot's
exceptional growth and industry leadership during his 14 years at
Allot. With Andrei in charge, backed by Allot's seasoned board of
directors, professional management team and proud workforce, the
company will be able to leverage the many opportunities in the
growing broadband data market. It will continue to deliver great
products and solutions to the world's largest mobile operators and
continue its rapid growth and profitability history."
Andrei has more than 19 years of experience in defining and
building market leading products. During his time with Allot,
Andrei successfully transitioned through numerous positions. This
allowed him to gain direct insight into Allot's customer base as
well as a strategic understanding of the broadband data market. In
his recent position, Andrei oversaw all Marketing and Product
Management activities. He spearheaded Allot's entry into the mobile
data space and other key strategic moves. Prior to Allot, Andrei
was an officer in the Israeli Air Force and held various product
management positions. Andrei holds a BSc Cum Laude in Mechanical
Engineering from the Technion and an MBA from Tel Aviv University.
"Allot is a great company and I feel extremely privileged to be
selected as the next CEO, "said Andrei
Elefant. "It has been a good experience to work so closely
with Rami, whose leadership and commitment contributed so
significantly to the company's growth and development. I look
forward to working with Rami on a smooth transition. Allot
has excellent leadership and a talented group of employees who are
all committed to the company's success. I'm confident that we will
continue to grow and execute on our Internet Service Gateway
Strategy.
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a leading
global provider of intelligent broadband solutions that put mobile,
fixed and enterprise networks at the center of the digital
lifestyle and workstyle. Allot's DPI-based solutions identify and
leverage the business intelligence in data networks, empowering
operators to analyze, protect, improve and enrich the digital
lifestyle services they deliver. 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 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.
Contact:
Allot Communications
Maya Lustig | Director of
Corporate Communications
+972.9.7616851 | mlustig@allot.com
SOURCE Allot Communications Ltd.