TEL AVIV, Israel, Nov. 7,
2019 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) today
announced changes to its management, which will become effective
January 1, 2020. Mr. Eyal Harari will become the CEO of the Company.
Yaron Ravkaie, the Company's current CEO, will join RADCOM's board
of directors.
Eyal Harari has been with the
Company for over 19 years and served in key executive roles with
the Company, including as COO of the Company and as CEO of RADCOM's
North American subsidiary, RADCOM, Inc. Eyal was the visionary of
RADCOM's NFV strategy and was instrumental in driving the Company
to its leadership position in NFV based assurance.
Ms. Heli (Rachel) Bennun,
Executive Chairman of RADCOM's Board of Directors, commented, "I
would like to express sincere gratitude and appreciation to Yaron
Ravkaie for his work and accomplishments as RADCOM's CEO over the
past four years. Yaron's efforts have been instrumental in
positioning RADCOM as the leading provider of cloud-native NFV
solutions, scaling RADCOM, and serving its top tier customers.
Yaron's unparalleled industry experience makes him an invaluable
asset to the Company as a member of its Board of Directors, where
he will continue to be influential in driving the Company's
strategy.
Ms. Bennun further commented, "We are pleased to welcome
Eyal Harari into his new role as
CEO. In his many years with the Company, Eyal has served in
key business and technology roles that shaped RADCOM. Eyal was a
significant force in RADCOM's leadership, driving the Company's
move to NFV and delivering RADCOM's engagement with AT&T and
other key accounts. We are confident that his deep knowledge of all
aspects of RADCOM and his vast industry knowledge will allow Eyal
to successfully lead the Company in addressing the key
transformations happening with NFV and 5G."
Mr. Ravkaie commented, "Over the last four years, RADCOM has
been able to reach new markets, create and extend important
customer relationships, and deliver a world class-leading NFV
service assurance solution. As a result of our efforts over the
last few years, we expect to enter 2020 with a strong customer base
and meaningful revenue backlog. I feel privileged to have the
opportunity to join RADCOM's Board of Directors and to take part in
steering the Company's strategy. The Company is well-positioned,
and I look forward to exciting times ahead. Eyal was a great
partner and COO, and I wish him all the best in his new role."
Mr. Eyal Harari commented, "I am
thankful for the opportunity and look forward to leading the
Company as it continues its path forward. I would like to thank
Yaron for the great partnership and leadership over the years.
RADCOM is strong, having gained unparalleled expertise in rolling
out very large scale and robust NFV assurance solutions. With
our experienced team, world class-leading solutions, customer base,
and potential, I believe RADCOM is well-positioned for continued
growth. I am excited to lead RADCOM as the pace of 5G rollouts
picks up, and as virtualized solutions become the industry
standard."
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in cloud-native,
container-based network intelligence solutions for telecom
operators transitioning to NFV and 5G. Powered by RADCOM's patented
I.C.O.N technology, the RADCOM Network Intelligence suite delivers
Intelligent, Container-based, On-demand, Network Analysis from the
RAN to the Core for 5G assurance, utilizing automated and dynamic
solutions with smart minimal data collection and on-demand
troubleshooting. RADCOM Network Intelligence consists of RADCOM
Network Visibility, RADCOM Service Assurance, and RADCOM Network
Insights. Utilizing cutting edge technology such as AI and machine
learning, these solutions work in harmony to provide operators an
understanding of the entire customer experience and allow them to
troubleshoot network performance from a high to granular level
while reducing storage costs and cloud resource utilization. For
more information on how to RADCOMize your network, today, please
visit www.radcom.com, the content of which does not form a part of
this press release.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as
"estimate," "project," "intend," "expect," "'believe," "may,"
"might," "predict," "potential," "anticipate," "plan" or similar
expressions are intended to identify forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other securities laws. For example, when the Company
discusses the Company's position on the cutting edge of technology
and expected rolling out of solutions, future customer base and
backlog, Company growth, industry trends, and Company potential, it
is using forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties that
could cause the actual results, performance or achievements of the
Company to be materially different from those that may be expressed
or implied by such statements, including, among others, changes in
general economic and business conditions and specifically, decline
in the demand for the Company's products, inability to timely
develop and introduce new technologies, products and applications,
and loss of market share and pressure on prices resulting from
competition. For additional information regarding these and other
risks and uncertainties associated with the Company's business,
reference is made to the Company's reports filed from time to time
with the U.S. Securities and Exchange Commission. The Company does
not undertake to revise or update any forward-looking statements
for any reason.
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
+1-917-607-8654
msegal@ms-ir.com
Company Contact:
Amir
Hai
CFO
+972-77-774-5011
amir.hai@radcom.com
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SOURCE RADCOM Ltd.