TEL
AVIV, Israel, Sept. 6,
2024 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM)
announced today that after 14 years, Ms. Heli (Rachel) Bennun has decided to step down
from her role as Executive Chairman, effective December 31, 2024. The Company's Board of
Directors has nominated Mr. Sami
Totah as the next Chairman, effective January 1, 2025, and subject to election as a
director at the upcoming annual general meeting of
shareholders.
Ms. Bennun has served as Executive Chairman of the Board since
2015. During her tenure, the Company has experienced remarkable
growth, evolving into a strong, healthy, and profitable growth
company. The Company is grateful for her guidance and experience,
which have been instrumental in successfully transitioning to
establishing the Company as a leading automated assurance company
in the 5G market with a best-in-class cloud-based solution.
In a statement, Ms. Bennun remarked, "After nearly a decade as
Executive Chairman, I feel it's the right time for me to move on. I
have tremendously enjoyed working with the wonderful people and the
management team at RADCOM. I am proud of our significant
milestones, including expanding our customer base to encompass some
of the world's most innovative telecom operators. I'm committed to
ensuring a seamless transition before I step down."
"I am confident that Sami, with his vast experience and skills,
will play an integral role as Chairman in driving value for our
stakeholders. His extensive strategic and operational expertise
will be invaluable" said Ms. Bennun.
Mr. Totah added, "I am honored to be selected for this role and
to have the opportunity to work alongside my fellow directors and
the management team to advance the Company's strategic initiatives,
enhance long-term stakeholder value, and drive customer
satisfaction. I look forward to contributing to the Company's
continued success and growth."
"I want to thank Heli for her tireless efforts in guiding the
Company toward growth and profitability. I would also like to
express our gratitude for her meaningful contributions over the
years and wish Heli continued success," Mr. Totah concluded.
About Sami Totah
Mr. Totah has served as a director of the Company since
June 2024. Mr. Sami Totah is a highly accomplished executive
with over 35 years of international management expertise and a
proven track record of leading and serving tier-one telecom giants
globally. Throughout his career, he has demonstrated expertise in
driving sustainable growth and delivering company success through
his strategic vision and leadership skills. Sami has served as a
board member in several publicly traded companies on the Nasdaq and
TASE.
From 2008 until 2023, Mr. Totah was a general partner at Viola
Growth, a prestigious private equity/growth firm investing in
hi-tech, specifically in companies at their growth stage. As a
general partner, Sami has invested in various companies and acted
as a board member, assisting them on their road to success.
Before Viola Growth, Mr. Totah served as an active chairman in
several hi-tech companies, notably with Sheer Networks, which Cisco
successfully acquired for $123
million, Red Bend Software, which was sold to Harman
Industries, and Continuity Software, which was sold to Kedma
Capital.
Throughout the years, Mr. Totah has served as a board member in
several publicly traded companies on the Nasdaq and TASE, notably
ECTEL, Itamar Medical, Gaon Holdings Group, and Pilat Media (AIM:
PGB).
Mr. Totah worked for Amdocs between 1984 and 2002, retiring from
his last role as Senior VP of Operations. Before, he served as
President of Amdocs' Customer Care and Billing Division for four
years, during which the division experienced remarkable growth,
with revenues soaring from $170
million to $430 million and
the employee base expanding to over 1,700.
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 and 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
"estimate," "project," "intend," "expect," "'believe," "may,"
"might," "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
advancing strategic initiatives, enhancing stakeholder value,
driving customer satisfaction and the election of Mr. Totah as a
director at the upcoming shareholders meeting of the Company, 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, loss of
market share and pressure on prices resulting from competition and
the effects of the war in Israel.
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.
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SOURCE RADCOM Ltd.