TEL
AVIV, Israel, April 5,
2024 /PRNewswire/ -- RADCOM Ltd. (Nasdaq:
RDCM) announced today that the Board has appointed Mr. Hilik
Itman as interim CEO, effective April 7,
2024. Hilik, who has served as the Company's Chief Operating
Officer since 2020, brings 27 years of invaluable experience with
Radcom, having held various key roles in R&D and serving as
Vice President of Research and Development since 2014. Mr.
Guy Shemesh, who assumed the CEO
role in mid-February, is stepping down, effective April 7, 2024, due to personal reasons.
The board has initiated a thorough search process for a
permanent CEO to lead the company into the next phase of its growth
and transformation journey.
Ms. Heli (Rachel) Bennun,
RADCOM's Executive Chairman of the Board, said: "I am pleased that
Mr. Hilik Itman has agreed to serve as RADCOM's interim CEO at the
board's request, and we extend our best wishes to Mr. Guy Shemesh. Mr. Hilik Itman has a proven track
record in leadership roles at RADCOM, focusing on customer
satisfaction for our installed base with our innovative assurance
solutions.
"With my support, Hilik, the entire management team, and all the
board members will ensure a seamless transition until we nominate a
permanent CEO. I am confident that Hilik will navigate the Company
successfully during this transition period, and we will continue to
execute our business strategy effectively."
Ms. Heli (Rachel) Bennun
concluded: "RADCOM remains fully committed to enhancing
profitability and growth, continuing the positive momentum of the
past four years."
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G-ready
cloud-native network intelligence solutions for telecom operators
transitioning to 5G. RADCOM Network Intelligence consists of RADCOM
Network Visibility, RADCOM Service Assurance, and RADCOM Network
Insights. The RADCOM Network Intelligence suite offers intelligent,
container-based, on-demand solutions to deliver network analysis
from the RAN to the core for 5G assurance. Utilizing automated and
dynamic solutions with smart minimal data collection, on-demand
troubleshooting, and cutting-edge techniques based on machine
learning, these solutions work in harmony to provide operators with
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 "expect,"
"believe," "will," "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 its growth
momentum and enhanced profitability, it uses 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
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 forward-looking statements for any reason.
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SOURCE RADCOM Ltd.