NICE CEO Barak Eilam Named 2020 CEO of the Year by Calcalist
December 30 2020 - 8:55AM
Business Wire
Eilam awarded the top spot for leading NICE to
continuous and accelerated success, demonstrating excellence in
performance, shareholders consideration, transparency and
leadership during the COVID-19 crisis
NICE (Nasdaq: NICE) today announced that its CEO, Barak
Eilam has been selected as CEO of the Year for 2020 by Calcalist, a
leading financial newspaper in Israel.
Barak Eilam’s top ranking is the result of a prominent rating by
over 80 senior executives, analysts, underwriters and investment
managers in the Israeli market. Based on four key criteria, namely
consideration of shareholders, performance, transparency and
leadership through the COVID-19 crisis, the rating is conducted
annually amongst the leading companies traded in the Israeli Stock
Exchange TA-125 Index.
“I am honored to receive this award and grateful to Calcalist
and the investment community for recognizing NICE’s
accomplishments,” said NICE CEO, Barak Eilam. “2020 was a
banner year for NICE and I am extremely proud of the relentless
innovation, creativity and dedication that our 7,000 NICErs around
the globe demonstrated during this unprecedented year. This “NICE
Spirit” fueled our success and growth and will continue to be the
driving force as we lead our customers to the cloud and accelerate
their digital transformation.”
In his seven years as CEO, Mr. Eilam transformed NICE into a
leader in cloud, analytics, digital and Artificial Intelligence
(AI). During this time, the company’s revenue grew by 70 percent
and its profitability more than doubled. NICE’s cloud
transformation led by Eilam resulted in an upsurge of its cloud
revenues from virtually zero to an expected $1 billion annual
revenue run-rate in 2021. Under Mr. Eilam’s leadership, the company
made significant acquisitions in the analytics, AI, cloud and
digital domains as well as introduced ground-breaking innovations.
As a result, NICE is now the undisputed leader in all its markets,
is ranked #1 by all leading market analysts and grew its market cap
seven-fold from $2.4 billion to over $17 billion.
“2020 was a challenging year in general, and specifically for
CEOs around the globe. The COVID-19 crisis mandated leaders to
adopt creative thinking and extreme agility, find immediate
solutions and create the right balance between their customers,
employees and shareholders in a reality of extreme uncertainty. The
most successful CEOs were the ones who significantly accelerated
their company's growth and identified opportunities to take
excellence and innovation to the next level during this
unprecedented year,” said Galit Hemi, Editor in Chief of
Calcalist. “Barak Eilam's leadership reflects all that and his
win as CEO of the Year for 2020 goes hand in hand with the
company's strong performance and the recognition by the stock
market as manifested by the 70 percent increase in NICE's share
price in 2020.”
About NICE NICE (Nasdaq: NICE) is the world’s leading
provider of both cloud and on-premises enterprise software
solutions that empower organizations to make smarter decisions
based on advanced analytics of structured and unstructured data.
NICE helps organizations of all sizes deliver better customer
service, ensure compliance, combat fraud and safeguard citizens.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, are using NICE solutions.
www.nice.com.
About Calcalist Calcalist - Israel’s leading business
newspaper - is a part of Yedioth Ahronoth, Israel's leading media
group. Calcalist reports extensively on Israel’s economy and
Israeli businesses, offering commentary, analysis, in-depth
features and investigative reports, with a strong focus on Israel’s
lively tech scene. In December 2020, Calcalist’s website was
visited by 4 million unique visitors, according to data by web
analytics company SimilarWeb. The print edition is delivered to
around 70 thousand subscribers daily. CTech by Calcalist offers
English language web coverage of the Israeli technology ecosystem
with news reports, analysis, features, and interviews. CTech also
publishes annual special projects like mapping out the key figures
in the Israeli tech industry and selecting the most promising
startups in the field.
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks
of their respective owners. For a full list of NICE’s marks, please
see: www.nice.com/nice-trademarks.
Forward-Looking Statements This press release contains
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including the statements by Mr. Eilam, are based on the
current beliefs, expectations and assumptions of the management of
NICE Ltd. (the “Company”). In some cases, such forward-looking
statements can be identified by terms such as “believe,” “expect,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“plan,” “estimate,” or similar words. Forward-looking statements
are subject to a number of risks and uncertainties that could cause
the actual results or performance of the Company to differ
materially from those described herein, including but not limited
to the impact of changes in economic and business conditions,
including as a result of the COVID-19 pandemic; competition;
successful execution of the Company’s growth strategy; success and
growth of the Company’s cloud Software-as-a-Service business;
changes in technology and market requirements; decline in demand
for the Company's products; inability to timely develop and
introduce new technologies, products and applications; difficulties
or delays in absorbing and integrating acquired operations,
products, technologies and personnel; loss of market share; an
inability to maintain certain marketing and distribution
arrangements; the Company’s dependency on third-party cloud
computing platform providers, hosting facilities and service
partners;, cyber security attacks or other security breaches
against the Company; the effect of newly enacted or modified laws,
regulation or standards on the Company and our products and various
other factors and uncertainties discussed in our filings with the
U.S. Securities and Exchange Commission (the “SEC”). For a more
detailed description of the risk factors and uncertainties
affecting the company, refer to the Company's reports filed from
time to time with the SEC, including the Company’s Annual Report on
Form 20-F. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company undertakes no obligation to update or revise them, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201230005199/en/
Corporate Media Contact Christopher Irwin-Dudek, 201 561
4442, chris.irwin-dudek@nice.com
Investors Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Yisca Erez, +972 9 775 3798, CET, ir@nice.com
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