HOD HASHALON, Israel, April 11, 2024 (Globe Newswire) — Allot Ltd. (NASDAQ), the world's leading provider of innovative network intelligence and security solutions for service providers and enterprises around the world. : ALLT, TASE: ALLT) announced today that its Chief Financial Officer, Ziv Reitman, is leaving the company to become Chief Financial Officer of a promising start-up company in another field. The Company has begun a formal search for a new Chief Financial Officer. To ensure a seamless transition, Mr. Reitman will remain in his role until June 30, 2024.
“We thank Mr. Ziv for his financial leadership over the past four and a half years and wish Ziv every success in the future,” said Erez Antebi, CEO of Allot.
About quotas
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) provides cutting-edge, innovative network intelligence and integrated security solutions for service providers and enterprises around the world, increasing value for their customers. Our solutions are deployed around the world for network and application analytics, traffic control and shaping, network-native security services, and more. Allot's multi-service platform is deployed by over 500 mobile, fixed and cloud service providers and his over 1,000 enterprises. Our industry-leading, network-native Security-as-a-Service solution is already used by millions of subscribers around the world.
For more information, please visit: www.allot.com
Safe Harbor Statement
This release contains forward-looking statements that represent the current beliefs and expectations of our management. Such statements involve a number of known and unknown risks and uncertainties that may cause our future results, performance, or achievements to be affected by the results, performance, or achievements described in such forward-looking statements. , results may differ significantly. Important factors that could cause or contribute to such differences include risks associated with: our accounts receivable, including our ability to collect unpaid accounts and evaluate their collectability on a quarterly basis; our ability to meet expectations regarding our financial guidance and prospects; our ability to successfully compete with other companies offering competing technologies; loss of one or more important customers; Competitor Integration and Strategic Alliances. Government regulations. the timing of completion of major project milestones that impact the timing of our revenue recognition; reduced demand for key value-added services; our ability to keep pace with technological advances and add new features and value-added services; Manage long sales cycles. Operational risks associated with large-scale projects. our dependence on third-party channel partners for a significant portion of our revenues; and other factors described under the heading “Risk Factors” in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission. The 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 of this release, and we undertake no obligation to update or revise them. Forward-looking statements that may result from new information, future events or otherwise.
CONTACT: Seth Greenberg Allot +972 54 9222294 sgreenberg@allot.com Ehud Helft Allot Investor Relations +1 212 378 8040 allot@ekgir.com
