Allot Names Ziv Leitman as New Chief Financial Officer
October 24 2019 - 6:01AM
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of
innovative network intelligence and security solutions for service
providers and enterprises worldwide, announced today the
appointment of Mr. Ziv Leitman as the new Chief Financial Officer
of the Company. Mr. Leitman will be replacing Mr. Alberto Sessa who
will be leaving the company to pursue other professional
opportunities.
Leitman, who will join Allot on November 6, 2019, brings with
him significant financial, technological and management
experience. He served from 2017 as the CFO of Powermat
Technologies, a wireless charging pioneer leader, and from 2011 to
2017 as CFO of Partner Communications, one of Israel’s leading
mobile, fixed-line, Internet and TV service providers. Between 2002
to 2011, he served as Deputy CEO and CFO of Paz Oil Company, and
CFO of Comverse Inc., a leading provider of telecommunications
products. From 1989 to 2002 Mr. Leitman also held CFO positions at
Discount Investment Corp., Lucent Technologies EIS, Kimberly-Clark
Israel and Optrotech (Orbotech). Mr. Leitman is a Certified Public
Accountant and holds a B.A. in Economics and Accounting and an
M.B.A. in Finance & Information Systems, both from the Tel Aviv
University.
“Ziv brings 30 years of experience, great talent and skill both
in finance and business leadership. I look forward to working
together with him and am very confident that he will contribute
significantly to our business strategy and future performance,"
said Erez Antebi, President and Chief Executive Officer of Allot.
“Over the past three years, Alberto has been instrumental in
helping turn Allot around and reach a path of sustained growth. On
behalf of the Board of Directors and Allot management, I want to
thank Alberto for his years of outstanding service. We all wish him
the best in his future endeavors.”
“This is an exciting time to be joining Allot,” said Ziv
Leitman, Allot’s new CFO. “I look forward to joining the Allot
leadership team, to contributing the knowledge and perspective I
have gained from my experience in the industry and to playing an
active role in the company’s success.”
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot’s multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 21 million
subscribers in Europe.
Allot. See. Control. Secure.
Forward Looking 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 expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: acceptance of our
products by our reseller and customer in EMEA, 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.
Seth Greenberg
Allot
+972.9.761.7116
sgreenberg@allot.com
Ehud Helft/Gavriel Frohwein
GK Investor Relations
+1 646 688 3559
allot@gkir.com
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