zk1414844.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2014
Commission File Number: 001-33129
Allot Communications Ltd.
(Translation of registrant's name into English)
22 Hanagar Street
Neve Ne’eman Industrial Zone B
Hod-Hasharon 4501317
Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
EXPLANATORY NOTE
On April 30, 2014, Allot Communications Ltd. issued a press release announcing the quarterly results for the first quarter of 2014 and another press release announcing the appointment of Andrei Elefant as the Company’s new President and Chief Executive Officer.
A copy of the press release entitled “Allot Communications Reports Non-GAAP 17.2% Revenue Growth for First Quarter of 2014” and of the press release entitled “Andrei Elefant to Succeed Rami Hadar as President and CEO of Allot Communications” are attached to this Form 6-K as Exhibits 99.1 and 99.1 respectively.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Allot Communications Ltd.
|
|
|
|
|
|
|
By:
|
/s/ Nachum Falek |
|
|
|
Nachum Falek |
|
|
|
Chief Financial Officer
|
|
|
|
|
|
Date: April 30, 2014
EXHIBIT INDEX
The following exhibits have been filed as part of this Form 6-K:
Exhibit
99.1
|
Description
Allot Communications Reports Non-GAAP 17.2% Revenue Growth for First Quarter of 2014
|
99.2
|
Andrei Elefant to Succeed Rami Hadar as President and CEO of Allot Communications
|
3
exhibit_99-1.htm
Exhibit 99.1
Allot Communications Reports Non-GAAP 17.2% Revenue
Growth for First Quarter of 2014
Non-GAAP Revenues reach $28.3 million, compared with $24.2 million in
first quarter of 2013
Hod Hasharon, Israel – April 30, 2014 – Allot Communications Ltd. (NASDAQ: ALLT), a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, today announced its first quarter 2014 results, with non-GAAP revenues reaching $28.3 million.
Other Fourth Quarter Highlights:
|
·
|
Non-GAAP revenues grew 17.2% year on year and 3.5% sequentially.
|
|
·
|
Non-GAAP gross margin was 73% (71% on a GAAP basis).
|
|
·
|
Non-GAAP operating margin was 7% (2% operating loss on a GAAP basis).
|
|
·
|
Book-to-bill above one.
|
|
·
|
Generated $3.4 million of operating cash flow. Net cash as of December 31st 2013 totals $122.2 million.
|
Financial Results:
On a non-GAAP basis, total revenues for the first quarter of 2014 reached $28.3 million, compared with $24.1 million of revenue reported for the first quarter of 2013 and $27.3 million of revenue reported for the fourth quarter of 2013. On a non-GAAP basis, net profit for the first quarter of 2014 was $2.1 million, or $0.06 per basic and diluted share. This compares with non-GAAP net profit of $3.2 million, or $0.10 per basic and $0.09 per diluted share, in the fourth quarter of 2013 and a non-GAAP net profit of $0.6 million, or $0.02 per basic and diluted share, in the first quarter of 2013.
Total GAAP revenues for the first quarter of 2014 reached $28.3 million compared to $24.1 million of revenue reported for the first quarter of 2013 and $27.3 million of revenue reported for the fourth quarter of 2013. On a GAAP basis, the net loss for the first quarter of 2014 was $0.4 million, or of $0.01 per basic and diluted share. This compares with a net profit of $1.2 million, or $0.04 per basic and diluted share, in the fourth quarter of 2013 and a net loss of $1.8 million, or $0.06 per basic and diluted share, in the first quarter of 2013.
Key Quarterly Achievements:
|
·
|
During the quarter, large orders were received from 25 service providers, five of which are new customers.
|
|
·
|
14 of the large orders came from mobile-service providers and 11 were from fixed-line service providers.
|
|
·
|
Introduced the new Allot Service Gateway Tera platform which has already received $9 million orders from four different mobile and fixed line operators worldwide.
|
|
·
|
Won a new video optimization contract from an Asian Tier-1 mobile operator.
|
|
·
|
Received its first $1 million, ClearSee Big-Data Analytics Solution, purchase order from a Tier-1 mobile and fixed operator.
|
"During the first quarter 2014 we continued to execute well on all fronts and produced a strong inflow of large orders, as well as expanded our customer base, an achievement, which we believe, should be beneficial for Allot in the mid as well as the long-term horizon. We reached a record revenues level for a first quarter and book to bill was above one for a fifth time in a row.” said Rami Hadar, Allot Communications' President and CEO. "Our well-diversified, differentiated VAS offering is one of the key catalysts for the demand that we experience from service providers and we look forward to continuing to address the needs of our Tier-1 customers with our innovative service generating VAS suite.”
# # #
Conference Call & Webcast
The Allot management team will host a conference call to discuss first quarter 2014 earnings results today at 8:30 AM ET, 3:30 p.m. Israel time.
To access the conference call, please dial one of the following numbers: US: +1646 254 3368, UK: +44(0)203 4271933, Israel: +97237217906, participant code 9702862.
A replay of the conference call will be available from 12:00 AM ET on April 30, 2014 for 30 days. To access the replay, please dial: US: +1 347 366 9565; UK: +44 (0)20 3427 0598, access code: 9702862. A live webcast of the conference call can be accessed on the Allot Communications website at www.allot.com. The webcast also will be archived on the website following the conference call.
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a leading global provider of intelligent broadband solutions that put mobile, fixed and enterprise networks at the center of the digital lifestyle and work style. Allot’s DPI-based solutions identify and leverage the business intelligence in data networks, empowering operators to analyze, protect, improve and enrich the digital lifestyle services they deliver. Allot’s unique blend of innovative technology, proven know-how, collaborative approach to industry standards and partnerships enables service providers worldwide to elevate their role in the digital lifestyle ecosystem and to open the door to a wealth of new business opportunities. For more information, please visit www.allot.com.
GAAP to Non-GAAP Reconciliation
The discrepancy between GAAP and non-GAAP revenues is related to the acquisitions made by the Company during the year and represents revenues adjusted for the impact of the fair value adjustment to acquired deferred revenue related to purchase accounting. Non-GAAP net profit is defined as GAAP net profit after including deferred revenues related to the fair value adjustment resulting from purchase accounting and excluding stock-based compensation expenses, amortization of acquisition-related intangible assets, regulatory matters, acquisition-related expenses and compensation expenses related to the acquisitions.
These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results are provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes they present a better measure of the Company’s core business and management uses the non-GAAP measures internally to evaluate the Company’s ongoing performance. Accordingly, the Company believes they are useful to investors in enhancing an understanding of the Company’s operating performance.
Safe Harbor Statement
This release may contain 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: 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.
Investor Relations Contact:
Rami Rozen
AVP Corporate Development
International access code +972-52-569-4441
rrozen@allot.com
TABLE - 1
|
ALLOT COMMUNICATIONS LTD.
|
AND ITS SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(U.S. dollars in thousands, except share and per share data)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
|
2014
|
|
|
2013
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
28,284 |
|
|
$ |
24,114 |
|
Cost of revenues
|
|
|
8,195 |
|
|
|
6,740 |
|
Gross profit
|
|
|
20,089 |
|
|
|
17,374 |
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
Research and development costs, net
|
|
|
7,221 |
|
|
|
6,902 |
|
Sales and marketing
|
|
|
10,497 |
|
|
|
9,827 |
|
General and administrative
|
|
|
2,887 |
|
|
|
2,638 |
|
Total operating expenses
|
|
|
20,605 |
|
|
|
19,367 |
|
Operating loss
|
|
|
(516 |
) |
|
|
(1,993 |
) |
Financial and other income, net
|
|
|
149 |
|
|
|
187 |
|
Loss before income tax expenses
|
|
|
(367 |
) |
|
|
(1,806 |
) |
|
|
|
|
|
|
|
|
|
Tax expenses
|
|
|
21 |
|
|
|
41 |
|
Net loss
|
|
|
(388 |
) |
|
|
(1,847 |
) |
|
|
|
|
|
|
|
|
|
Basic net loss per share
|
|
$ |
(0.01 |
) |
|
$ |
(0.06 |
) |
|
|
|
|
|
|
|
|
|
Diluted net loss per share
|
|
$ |
(0.01 |
) |
|
$ |
(0.06 |
) |
|
|
|
|
|
|
|
|
|
Weighted average number of shares
|
|
|
|
|
|
|
|
|
used in computing basic net
|
|
|
|
|
|
|
|
|
earnings per share
|
|
|
32,939,195 |
|
|
|
32,561,977 |
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
|
|
|
|
|
|
|
|
|
used in computing diluted net
|
|
|
|
|
|
|
|
|
earnings per share
|
|
|
32,939,195 |
|
|
|
32,561,977 |
|
TABLE - 2
|
ALLOT COMMUNICATIONS LTD.
|
AND ITS SUBSIDIARIES
|
RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
|
(U.S. dollars in thousands, except per share data)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
|
2014
|
|
|
2013
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
GAAP net loss as reported
|
|
$ |
(388 |
) |
|
$ |
(1,847 |
) |
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments
|
|
|
|
|
|
|
|
|
Fair value adjustment for acquired deferred revenues write down
|
|
|
12 |
|
|
|
37 |
|
Expenses recorded for stock-based compensation
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
88 |
|
|
|
86 |
|
Research and development costs, net
|
|
|
469 |
|
|
|
411 |
|
Sales and marketing
|
|
|
821 |
|
|
|
746 |
|
General and administrative
|
|
|
614 |
|
|
|
586 |
|
Expenses related to M&A activities and compliance with regulatory matters (*)
|
|
|
|
|
|
|
|
|
General and administrative
|
|
|
8 |
|
|
|
12 |
|
Research and development costs, net
|
|
|
- |
|
|
|
6 |
|
Intangible assets amortization
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
399 |
|
|
|
504 |
|
Sales and marketing
|
|
|
66 |
|
|
|
58 |
|
|
|
|
|
|
|
|
|
|
Total adjustments
|
|
|
2,477 |
|
|
|
2,446 |
|
|
|
|
|
|
|
|
|
|
Non-GAAP net profit
|
|
$ |
2,089 |
|
|
$ |
599 |
|
|
|
|
|
|
|
|
|
|
Non- GAAP basic net profit per share
|
|
$ |
0.06 |
|
|
$ |
0.02 |
|
|
|
|
|
|
|
|
|
|
Non- GAAP diluted net profit per share
|
|
$ |
0.06 |
|
|
$ |
0.02 |
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
|
|
|
|
|
|
|
|
|
used in computing basic net
|
|
|
|
|
|
|
|
|
earnings per share
|
|
|
32,939,195 |
|
|
|
32,561,977 |
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
|
|
|
|
|
|
|
|
|
used in computing diluted net
|
|
|
|
|
|
|
|
|
earnings per share
|
|
|
33,895,273 |
|
|
|
33,506,441 |
|
|
|
|
|
|
|
|
|
|
(*) Mostly legal, finance and compensation expenses related to the acquisition
|
|
|
|
|
|
|
|
|
TABLE - 3
|
ALLOT COMMUNICATIONS LTD.
|
AND ITS SUBSIDIARIES
|
RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED REVENUES
|
(U.S. dollars in thousands, except share and per share data)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
|
2014
|
|
|
2013
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
GAAP Revenues
|
|
$ |
28,284 |
|
|
$ |
24,114 |
|
|
|
|
|
|
|
|
|
|
Fair value adjustment for acquired deferred revenues write down
|
|
|
12 |
|
|
|
37 |
|
|
|
|
|
|
|
|
|
|
Non-GAAP Revenues
|
|
$ |
28,296 |
|
|
$ |
24,151 |
|
TABLE - 4
|
ALLOT COMMUNICATIONS LTD.
|
AND ITS SUBSIDIARIES
|
CONSOLIDATED BALANCE SHEETS
|
(U.S. dollars in thousands)
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
2014
|
|
|
2013
|
|
|
|
(Unaudited)
|
|
|
(Audited)
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
CURRENT ASSETS:
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
51,036 |
|
|
$ |
42,813 |
|
Short term deposits
|
|
|
30,500 |
|
|
|
38,000 |
|
Marketable securities and restricted cash
|
|
|
40,639 |
|
|
|
40,798 |
|
Trade receivables, net
|
|
|
21,414 |
|
|
|
16,908 |
|
Other receivables and prepaid expenses
|
|
|
8,906 |
|
|
|
8,218 |
|
Inventories
|
|
|
13,474 |
|
|
|
13,798 |
|
Total current assets
|
|
|
165,969 |
|
|
|
160,535 |
|
|
|
|
|
|
|
|
|
|
LONG-TERM ASSETS:
|
|
|
|
|
|
|
|
|
Severance pay fund
|
|
|
260 |
|
|
|
254 |
|
Deferred taxes
|
|
|
1,602 |
|
|
|
1,602 |
|
Other assets
|
|
|
2,726 |
|
|
|
771 |
|
Total long-term assets
|
|
|
4,588 |
|
|
|
2,627 |
|
|
|
|
|
|
|
|
|
|
PROPERTY AND EQUIPMENT, NET
|
|
|
5,990 |
|
|
|
5,874 |
|
GOODWILL AND INTANGIBLE ASSETS, NET
|
|
|
29,756 |
|
|
|
30,221 |
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
206,303 |
|
|
$ |
199,257 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES:
|
|
|
|
|
|
|
|
|
Trade payables
|
|
$ |
4,887 |
|
|
$ |
3,191 |
|
Deferred revenues
|
|
|
13,527 |
|
|
|
12,504 |
|
Other payables and accrued expenses
|
|
|
12,851 |
|
|
|
10,906 |
|
Total current liabilities
|
|
|
31,265 |
|
|
|
26,601 |
|
|
|
|
|
|
|
|
|
|
LONG-TERM LIABILITIES:
|
|
|
|
|
|
|
|
|
Deferred revenues
|
|
|
2,520 |
|
|
|
2,447 |
|
Accrued severance pay
|
|
|
292 |
|
|
|
282 |
|
Total long-term liabilities
|
|
|
2,812 |
|
|
|
2,729 |
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY
|
|
|
172,226 |
|
|
|
169,927 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders' equity
|
|
$ |
206,303 |
|
|
$ |
199,257 |
|
TABLE - 5
|
ALLOT COMMUNICATIONS LTD.
|
AND ITS SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(U.S. dollars in thousands)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
|
2014
|
|
|
2013
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
|
$ |
(388 |
) |
|
$ |
(1,847 |
) |
Adjustments to reconcile net loss to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
Depreciation
|
|
|
800 |
|
|
|
880 |
|
Stock-based compensation related to options granted to employees
|
|
|
1,992 |
|
|
|
1,829 |
|
Amortization of intangible assets
|
|
|
465 |
|
|
|
562 |
|
Decrease in accrued severance pay, net
|
|
|
4 |
|
|
|
24 |
|
Increase in other assets
|
|
|
(82 |
) |
|
|
(29 |
) |
Decease in accrued interest and amortization of premium on marketable securities
|
|
|
208 |
|
|
|
11 |
|
Increase in trade receivables
|
|
|
(4,506 |
) |
|
|
(5,351 |
) |
Increase in other receivables and prepaid expenses
|
|
|
(102 |
) |
|
|
(44 |
) |
Decrease in inventories
|
|
|
324 |
|
|
|
320 |
|
Increase (decrease) in trade payables
|
|
|
1,696 |
|
|
|
(1,381 |
) |
Increase (decrease) in employees and payroll accruals
|
|
|
1,062 |
|
|
|
(722 |
) |
Increase (decrease) in deferred revenues
|
|
|
1,096 |
|
|
|
(2,988 |
) |
Increase in other payables and accrued expenses
|
|
|
876 |
|
|
|
1,173 |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
|
3,445 |
|
|
|
(7,563 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Decrease in restricted deposit
|
|
|
- |
|
|
|
4 |
|
Redemption of short-term deposits
|
|
|
7,500 |
|
|
|
61,042 |
|
Purchase of property and equipment
|
|
|
(916 |
) |
|
|
(856 |
) |
Investment in marketable securities
|
|
|
(900 |
) |
|
|
(15,662 |
) |
Proceeds from redemption or sale of marketable securities
|
|
|
901 |
|
|
|
2,279 |
|
Loan provided to third party, net
|
|
|
(2,563 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
Net cash provided by investing activities
|
|
|
4,022 |
|
|
|
46,807 |
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee stock options
|
|
|
756 |
|
|
|
164 |
|
|
|
|
|
|
|
|
|
|
Net cash provided by financing activities
|
|
|
756 |
|
|
|
164 |
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash equivalents
|
|
|
8,223 |
|
|
|
39,408 |
|
Cash and cash equivalents at the beginning of the period
|
|
|
42,813 |
|
|
|
50,026 |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at the end of the period
|
|
$ |
51,036 |
|
|
$ |
89,434 |
|
exhibit_99-2.htm
Exhibit 99.2
Andrei Elefant to Succeed Rami Hadar as President and CEO
of Allot Communications
Hadar will transition his position during Q2 and will be replaced by Andrei Elefant,
Allot’s VP Product Management & Marketing
April 30, 2014 – Hod Hasharon, Israel – Allot Communications Ltd. (NASDAQ: ALLT), a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband operators and cloud providers, today announced that Rami Hadar, President and CEO of Allot, will retire during the second quarter of 2014 and will be replaced by Andrei Elefant, currently Allot’s VP Product Management and Marketing. Mr. Hadar will remain a member of the company’s board of directors.
For the past 8 years, Allot benefitted from Rami Hadar leadership as President and CEO,” said Shraga Katz, Chairman of the Board of Directors. “Rami’s contributions to the company cannot be overstated. “Rami began his tenure at Allot while it was a small private company and led it to becoming a dual-listed public company. During his tenure as CEO, Allot turned into a profitable company with revenue growth of more than 300%. Under Rami’s management, the company entered the service provider mobile space and the Allot Service Gateway penetrated five of the top ten global mobile operators. He scaled the company’s operations and expanded its global sales presence to acquire and serve these large customers directly. We are grateful for his leadership, service and his friendship. He will be greatly missed by all.”
Mr. Katz considers Mr. Elefant to be an excellent choice to lead Allot in the future: “We are fortunate to have Andrei as internal successor and Allot’s new CEO. Andrei’s experience and knowledge of the company and our industry will be critical for Allot’s years ahead. Andrei spent a considerable amount of time with our customers and has a deep understanding of their needs and forward strategies”
“After having the privilege of leading Allot over the last 8 years, it is with great pleasure that I transition my responsibilities over to a great successor, said Rami Hadar. Over the years, we have worked closely and I have great confidence in Andrei to take Allot to the next level. Andrei has been a key player in Allot’s exceptional growth and industry leadership during his 14 years at Allot. With Andrei in charge, backed by Allot’s seasoned board of directors, professional management team and proud workforce, the company will be able to leverage the many opportunities in the growing broadband data market. It will continue to deliver great products and solutions to the world’s largest mobile operators and continue its rapid growth and profitability history.”
Andrei has more than 19 years of experience in defining and building market leading products. During his time with Allot, Andrei successfully transitioned through numerous positions. This allowed him to gain direct insight into Allot’s customer base as well as a strategic understanding of the broadband data market. In his recent position, Andrei oversaw all Marketing and Product Management activities. He spearheaded Allot’s entry into the mobile data space and other key strategic moves. Prior to Allot, Andrei was an officer in the Israeli Air Force and held various product management positions. Andrei holds a BSc Cum Laude in Mechanical Engineering from the Technion and an MBA from Tel Aviv University.
"Allot is a great company and I feel extremely privileged to be selected as the next CEO, “said Andrei Elefant. “It has been a good experience to work so closely with Rami, whose leadership and commitment contributed so significantly to the company’s growth and development. I look forward to working with Rami on a smooth transition. Allot has excellent leadership and a talented group of employees who are all committed to the company’s success. I’m confident that we will continue to grow and execute on our Internet Service Gateway Strategy.
# # #
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a leading global provider of intelligent broadband solutions that put mobile, fixed and enterprise networks at the center of the digital lifestyle and workstyle. Allot’s DPI-based solutions identify and leverage the business intelligence in data networks, empowering operators to analyze, protect, improve and enrich the digital lifestyle services they deliver. Allot’s unique blend of innovative technology, proven know-how and collaborative approach to industry standards and partnerships enables network operators worldwide to elevate their role in the digital lifestyle ecosystem and to open the door to a wealth of new business opportunities. For more information, please visit www.allot.com.
Forward Looking Statement
This release may contain 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: 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.
Contact:
Allot Communications
Maya Lustig | Director of Corporate Communications
+972.9.7616851| mlustig@allot.com