Perion Announces Management Change
TEL AVIV, Israel & SAN FRANCISCO--(BUSINESS WIRE)--
Perion Network Ltd. (NASDAQ: PERI) is pleased to announce the
appointment of two executives into new senior leadership roles. Mr. Shai
Gottesdiener will now be General Manager of Perion's B2B mobile unit and
Mr. Miki Kolko will now serve as Perion's CTO.
Mr. Gottesdiener joined Perion as Chief Technology Officer in July 2013
with 17 years of experience in the Internet, mobile and enterprise
software industries. In his role as Perion's CTO, Mr. Gottesdiener
successfully led the merger of Perion with ClientConnect on the side of
Information Systems and Data. Prior to joining Perion, he served as Vice
President of R&D and Head of the Gaming Platform and Business
Applications at 888, a global leading online gaming company. Mr.
Gottesdiener has extensive operational experience in managing multiple
locations around the world and managing teams of several hundred people.
In his new role, Mr. Gottesdiener will focus on establishing Grow
Mobile, a leading fully managed and self-serve, cross network
advertising platform, as the platform of choice for mobile advertisers
and agencies and expand its reach on a global basis. In addition, he
will be responsible for launching new B2B mobile products to enhance our
offering, the first of which is Touchbeam, a mobile engagement platform,
whose beta version will be released in the second quarter of the year.
"I am thrilled to welcome Shai in his new role. I have been working with
Shai for almost two years and have been very impressed by his
management, operational and leadership skills. His industry knowledge
and ability to drive execution make him the perfect choice to take our
mobile unit to the next level on a global scale," stated Mr. Josef
Mandelbaum, Perion's CEO.
Promoted from within the company, to replace Mr. Gottesdiener as
Perion's Chief Technology Officer, is Mr. Miki Kolko. Mr. Kolko has 19
years of experience in internet and big data technologies and served as
Vice President of Data at Perion for over two years. Prior to his time
at Perion, Mr. Kolko served as Vice President of Data at LivePerson
(NASDAQ:LSPN), a global leader of digital engagement technology. Mr.
Kolko also has several years of experience in various engineering
executive management positions and was the founder and Chief Technology
Officer of three startups in enterprise software and internet B2C.
"Miki will be a strong addition to Perion's senior team," commented Mr.
Mandelbaum. "I am excited not only about the opportunity to promote from
within Perion, as it is a strong indicator of our bench strength, but
also about the skill set Miki brings to the position in big data, which
is one of the most crucial pillars for our success. We believe we have
the right people and the sharpest minds on board to succeed."
"Additionally," Mr. Mandelbaum continued, "we want to thank Tomer
Pascal, the former General Manager of our B2B mobile unit, for his many
contributions to our business in his five plus years at the company. We
want to wish him all the best in his new venture."
About Perion Network Ltd.
Perion powers innovation. We are a global performance-based media and
Internet company, providing online publishers and app developers
advanced technology and a variety of intelligent, data-driven solutions
to monetize their applications and content and expand their reach to
larger audiences, based on our own experience as an app developer. Our
leading software monetization platform, Perion Codefuel, empowers
digital businesses to optimize installs, analyze data and maximize
revenue. Our app promotion platform, GrowMobile, enables developers to
make wise decisions on where to spend advertising budgets to produce the
highest yield and the most visibility. The Perion team brings decades of
experience, operating and investing in digitally-enabled businesses, and
we continue to innovate and create value for the app ecosystem. More
information about Perion may be found at www.perion.com.
Follow Perion on Twitter @perionnetwork.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995 with respect to the business, financial
condition and results of operations of Perion. The words "will",
"believe," "expect," "intend," "plan," "should" and similar expressions
are intended to identify forward-looking statements. Such statements
reflect the current views, assumptions and expectations of Perion with
respect to future events and are subject to risks and uncertainties.
Many factors could cause the actual results, performance or achievements
of Perion to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, or financial information, including, among
others, the failure to realize the anticipated benefits of the
ClientConnect transaction; risks entailed in integrating the
ClientConnect business with Perion's other businesses, including
employee retention and customer acceptance; the risk that the
transaction will divert management and other resources from the ongoing
operations of the two businesses or otherwise disrupt the conduct of
those businesses, potential litigation associated with the transaction,
and general risks associated with the business of Perion and with the
ClientConnect business, including changes in the markets in which the
businesses operate and in general economic and business conditions, loss
of key customers, unpredictable sales cycles, competitive pressures,
market acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various other
factors, whether referenced or not referenced in this press release.
Various other risks and uncertainties may affect Perion and its results
of operations, as described in reports filed by the Company with the
Securities and Exchange Commission from time to time, including its
annual report on Form 20-F/A for the year ended December 31, 2013.
Perion does not assume any obligation to update these forward-looking
Source: Perion Network Ltd.
Perion Investor Relations
Deborah Margalit, +972-73-398-1000
Jamie Lillis, 203-428-3223
Source: Perion Network Ltd.
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