Commtouch Announces Executive Team Changes Appointments to support strategic growth objectives

MCLEAN, Va., Nov. 19, 2013 /PRNewswire/ -- Commtouch® (NASDAQ: CTCH) announced changes within its senior management team to support its ongoing transformation strategy from a technology service provider to a complete cloud-based Security-as-a-Service provider.  These appointments will enable the executive team to focus on the Company's long-term growth strategy, while keeping a keen eye on operational excellence.

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Effective immediately, Shlomi Yanai has accepted the role of president focused on Commtouch's strategic and growth initiatives. He transitioned the position of chief executive officer (CEO) to Lior Samuelson, currently the Chairman of the Board of Commtouch, who will keep continued focus on the company's operational excellence.[1] Mr. Samuelson has a long-term relationship with Commtouch as well as an extensive career including serving as chairman, CEO and board member of multiple companies in technology, telecom, financial services and management consulting.  

"These management changes strengthen Commtouch's ability to evaluate and capitalize on emerging business opportunities more quickly," said Lior Samuelson, CEO and Chairman of the Board. "The Board of Directors is very pleased that Shlomi accepted this position."

"These new roles for Lior and me allow us to continue the strong partnership we have built over the past few years. I am more confident in the strength of the organization to take advantage of the most critical opportunities to build long-term sustainable growth," said Shlomi Yanai.

Shlomi Yanai will retain his seat on the Commtouch Board of Directors.

About Commtouch
Commtouch® (NASDAQ: CTCH) is a leading provider of Internet security technology and cloud-based services for vendors and service providers, increasing the value and profitability of our customers' solutions by protecting billions of Internet transactions on a daily basis. With 12 global data centers and award-winning, patented technology, Commtouch's email, Web, and antivirus capabilities easily integrate into our customers' products and solutions, keeping safe more than 550 million end users. To learn more, visit www.commtouch.com.

Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by Commtouch. All other trademarks are the property of their respective owners.

[1] Pending shareholder approval at the annual meeting on December 24, 2013.

Company Contact:

Israel Investor Relations Contact:

Brian Briggs, Chief Financial Officer

Iris Lubitch

Commtouch

EffectiveIR

703.760.3444

+972.54.2528007

brian.briggs@commtouch.com

iris@EffectiveIR.co.il



U.S. Investor Contact:

Commtouch Media Contact:

Monica Gould

Matthew Zintel

The Blueshirt Group

Zintel Public Relations

212.871.3927

281.444.1590

monica@blueshirtgroup.com

matthew.zintel@zintelpr.com

 


SOURCE Commtouch



RELATED LINKS
http://www.commtouch.com

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