RiT Technologies Names Eyran Ayzik as New CFO
January 26 2010 - 8:00AM
PR Newswire (US)
Simona Green to Step Down After 5 Years as CFO, 9 Years at RiT TEL
AVIV, Israel, January 26 /PRNewswire-FirstCall/ -- RiT Technologies
(NASDAQ:RITT), today announced that Ms. Simona Green, RiT's CFO
since 2003, has communicated her intention to step down from her
position on February 26 to pursue other opportunities, and that the
Company has named Mr. Eyran Ayzik to become its new CFO on March
1st. "I would like to take this opportunity to express our sincere
thanks to Simona, who has served RiT with great dedication and
professional skill through nine years of both exciting and
challenging times, and to wish her the very best of luck in the
future," commented Mr. Avi Kovarsky, President and CEO of RiT. Mr.
Eyran Ayzik, CPA, has over 25 years of business experience in a
variety of managerial and CFO roles in Israeli high tech companies.
Prior to joining RiT, he served as Chairman of Omnilogos
(Medilogos) Ltd., a software company that develops decision support
solution for the medical market, and CEO of Leprechaun Technologies
Ltd, a software company developing speech recognition software.
Previously, he was a partner, VP and CFO, of The Challenge Fund -
Etgar L.P., a $245 million investment fund. He was also the CFO of
Dovrat, Shrem & Co. Ltd., a TASE-traded Israeli holding
company, and a senior partner at Haft & Haft, a major Israeli
accounting firm. Mr. Ayzik holds dual B.A. degrees in economics and
accounting from Tel-Aviv University and is a Certified Public
Accountant (CPA) in Israel. Mr. Kovarsky continued, "We are very
pleased to welcome Eyran to the RiT team. With proven abilities,
expertise in global capital markets and experience in M&A
transactions, we are confident that he will make a significant
contribution and maintain tight financial control as we continue to
shape and carry out our strategies." Mr. Eyran Ayzik added, "I am
excited to join RiT as it continues to execute its turnaround. I
look forward to participating as a full team member and to help
build RiT to its full potential." About RiT Technologies RiT is a
leading provider of intelligent solutions for infrastructure
management, asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters,
communication rooms and workspace environments, ensuring maximum
utilization, reliability, decreased downtime, physical security,
automated deployment, asset tracking, and troubleshooting. RiT
Environment and Security solutions enable companies to effectively
control their datacenters, communications rooms and remote physical
sites and facilities in real-time, comprehensively and accurately.
RiT Carrier solutions provide carriers with the full array of
network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning.
RiT's field-tested solutions are delivering value in thousands of
installations for top-tier enterprises and operators throughout the
world. For more information, please visit our website:
http://www.rittech.com/ Safe Harbor Statement In this press
release, all statements that are not purely about historical facts,
including, but not limited to, those in which we use the words
"believe," "anticipate," "expect," "plan," "intend," "estimate",
"forecast", "target", "could" and similar expressions, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. For example, when we
discuss a field trial which could lead to a multi-million dollar
Carrier deal, we are using a forward looking statement. While these
forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from
the results expressed or implied by these statements due to
numerous important factors, including, but not limited to, those
described under the heading "Risk Factors" in our most recent
Annual Report filed with the Securities and Exchange Commission
(SEC) on Form 20-F, which may be revised or supplemented in
subsequent reports filed with the SEC. These factors include, but
are not limited to, the following: our ability to raise additional
financing, if required; the continued development of market trends
in directions that benefit our sales; our ability to maintain and
grow our revenues; our dependence upon independent distributors,
representatives and strategic partners; our ability to develop new
products and enhance our existing products; the availability of
third-party components used in our products; the economic condition
of our customers; the impact of government regulation; and the
economic and political situation in Israel. We are under no
obligation, and expressly disclaim any obligation, to update the
forward-looking statements in this press release, whether as a
result of new information, future events or otherwise. Company
contact: Simona Green VP Finance +972-3-766-4249 DATASOURCE: RiT
Technologies Ltd CONTACT: Company contact: Simona Green, VP
Finance, +972-3-766-4249,
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