Allot Communications Appoints Steven D. Levy to its Board of Directors

HOD HASHARON, Israel, Aug. 21 /PRNewswire-FirstCall/ -- Allot Communications Ltd. (NASDAQ:ALLT), a leader in IP service optimization solutions based on deep packet inspection (DPI) technology, announced the appointment of Steven D. Levy to its Board of Directors.

Prior to retiring from Wall Street in September 2005, Mr. Levy most recently served as a Managing Director and Global Head of Communications Technology Research at Lehman Brothers. Before joining Lehman Brothers in 1998 he was a Director of Telecommunications Research at Salomon Brothers, a Managing Director and Head of the Communications Research Team at Oppenheimer & Co. and a senior communications analyst at Hambrecht & Quist. Mr. Levy was recognized as one of the top analysts in the industry by a variety of independent organizations and surveys. While he was an analyst, he was often quoted in communications trade journals, financial publications, and was regularly interviewed by CNBC, CNN, and other business television shows.

Mr. Levy currently serves on the board of directors of two publicly held technology companies, PCTEL (PCTI-NASDAQ), and Zhone Technologies (ZHNE-NASDAQ), and sits on the Audit Committees of both companies. In addition, he is also an active participant on the advisory board of privately held, GENBAND Corporation, a vendor of Voice Over Internet Protocol, VOIP, infrastructure solutions and from October 2005 until its acquisition by Motorola in March of 2007, served on the Tut Systems board of directors.

Yigal Jacoby, Chairman of the Board of Allot Communications, said, "Steve Levy is an outstanding addition to Allot's Board of Directors. His experience and expertise in telecom strategy, technology and M&A, make him uniquely qualified to contribute to Allot, which is emerging as major player in the DPI market."

Commenting on his appointment, Mr. Levy said: "I am excited to join the Board of this young and dynamic company, which has proven technological leadership in the DPI market. It is an early leader in this new market and very well positioned to help telecom carriers worldwide optimize their next- generation IP networks. It also is providing carriers with new and innovative ways to generate revenues by enabling them to offer personalized services to their subscribers. I am delighted to have the opportunity to contribute towards the company's growth and success."

About Allot Communications

Allot Communications Ltd. (NASDAQ:ALLT) is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection (DPI) technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service (QoS), contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. For more information, please visit www.allot.com.

Safe Harbor Statement Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Allot's plans, objectives and expectations for future operations, including the expansion of the DPI market, Allot's ability to gain market acceptance within telecom carriers worldwide and to provide them with new generating revenues services, and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to, those discussed under the heading "Risk Factors" in Allot's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Allot Communications Ltd.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.