MINNEAPOLIS, Jan. 8, 2007 (PRIME NEWSWIRE) -- Allot Communications (Nasdaq:ALLT), a leading provider of deep packet inspection (DPI) technology for service optimization, announced today that Vin Costello has been named vice president/general manager - The Americas. Costello will be responsible for the company's business growth, profitability and overall development activities in North America, Central and South America and the Caribbean.
"With more than 20 years of experience in telecommunications, we are excited by the industry and business knowledge Vin brings to the team," said Rami Hadar, president and CEO, Allot Communications. "His acumen, vast experience and strong customer focus will serve as a critical asset for Allot as we work to grow our business further, strengthening our penetration into large telecommunications and cable operators throughout the Americas."
Costello's career began at NYNEX where he quickly rose through the ranks while serving in various positions of increasing responsibility within IT operations, systems planning, marketing, procurement and sales.
He served as the vice president of NYNEX Business Network Solutions team and subsequently championed NYNEX Network Integration, a division within NYNEX focusing on enterprise solutions, customer equipment sales and managed services. At the time of the Bell Atlantic/NYNEX merger, Costello was appointed president and CEO of Bell Atlantic Network Integration. Costello successfully expanded the startup nationwide and profitably grew the enterprise to over 1200 employees, exceeding $300M in annual revenues.
Costello later joined Corvis, a pre-revenue/pre-IPO start-up in the optical networking equipment space. As vice president of sales he was personally responsible for several large deals, closing over $200M of business. After the company shifted its focus to become a service provider and changed its name to Broadwing, he established a new division, becoming vice president and general manager of managed storage/services and driving new revenues for the company.
"Allot has a strong track record of helping leading carriers, service providers and enterprises optimize network performance," said Costello. "I look forward to helping the company further define and enhance its offerings while enabling our key customers to achieve success in the Americas."
Costello replaces Larry Schmidt who has left the company to pursue other interests.
About Allot Communications
Allot Communications (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.
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Allot Communications Ltd. 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 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 final prospectus for its IPO filed with the Securities and Exchange Commission on November 16, 2006. 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.