HOD HASHARON, Israel,
July 17, 2017 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ:
ALLT) (TASE: ALLT), a leading global provider of security and
monetization solutions that enable service providers and
enterprises to protect and personalize the digital experience,
today announced that Mr. Manuel
Echanove has been appointed to the Board of Directors of the
Company (the "Board") to fill the seat previously held by Mr.
Rami Hadar who is stepping down to
pursue other business interests. The appointment will be effective
immediately. Mr. Echanove's appointment will require approval of
the Company's shareholders at the Company's next Annual General
Shareholder Meeting.
"I would like to thank Mr. Hadar for his great contribution to
the success of Allot as the CEO and later as a board member,"
stated Yigal Jacoby, Chairman of the
Board at Allot. "At the same time, I am thrilled to have Mr.
Echanove join our Board. I believe that his extensive experience
serving in very senior strategic and business roles at Tier 1
operators, will be a tremendous resource to help strengthen our
focus on our customers and align our value proposition to meet
their needs and to drive growth."
Mr. Echanove brings over 25 years' experience in the
telecommunications industry, most extensively serving in various
management positions in the Telefonica group between 1996 and 2012.
During his tenure at Telefonica, Mr. Echanove held various senior
management positions as Commercial General Manager, General
Director of Business Development and General Director of Multimedia
and Brand Business. He also served as General Manager in the
Corporate Strategy area of Telefónica S.A. before leaving the
company in 2012.
Prior to joining Telefonica, Mr. Echanove served in sales and
marketing management positions at France Telecom, British Telecom,
and Data General. Mr. Echanove is currently the CEO of Wetania
Consulting S.L., a management consulting company, which he founded
in 2013. Mr. Echanove has an Economics and Business Administration
degree from the Universidad Pontificia de Comillas.
About
Allot
Communications
Allot Communications Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a
leading provider of security and monetization solutions that enable
service providers and enterprises to protect and personalize the
digital experience. Allot's flexible and highly scalable service
delivery framework leverages the intelligence in data networks
enabling enterprises and service providers to get closer to their
customers; to safeguard network assets and users; and to 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 Corporate Communications
International dialing +972-54-268-1500
sorr@allot.com
SOURCE Allot Communications Ltd.