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Monday, April 24, 2006 8:41:03 AM
Monday April 24, 8:24 am ET
TEL AVIV, Israel, April 24 /PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ: RDCM - News) today announced that Mr. David Zigdon, its Chief Financial Officer (CFO) since 2000, has tendered his resignation effective June 15, 2006 in order to pursue a new opportunity with a startup company.
The Company is currently evaluating a number of candidates to replace Mr. Zigdon. To assure a smooth transition, Mr. Zigdon will continue working with RADCOM until June 15th, and will remain available for ongoing consultation until the new CFO begins his term.
Commenting on the news, Zohar Zisapel the Chairman of the Board of Directors said, "It is difficult to say goodbye to David, whose skill and dedication were critical to RADCOM's ability to weather the difficult post-bubble period and to re-emerge as a vital, growing industry-leader. One of the highlights of David's six years at RADCOM was the Company's PIPE investment carried out in 2004, a transaction whose successful completion was due in large part to the efforts of David and his team. I will miss working with David personally and wish him every success in his future ventures."
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
http://biz.yahoo.com/prnews/060424/ukm011.html?.v=52
Dubi
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