VocalTec Names Execs

VocalTec Communications announced changes in the positions of Chief Financial Officer and Chief Technology Officer

June 29, 2006

1 Min Read

HERZLIA, Israel -- VocalTec Communications Ltd. (Nasdaq:VOCL - News), a leading global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers, today announced changes in the positions of Chief Financial Officer and Chief Technology Officer.

Effective June 28th 2006, Eli Gendler (CPA & LLM) will replace Rafi Wiesler as VocalTec's Chief Financial Officer. In addition, effective August 1st, Rami Amit, currently the company's Vice President of Product Strategy, will replace Eytan Radian as Chief Technology Officer.

Mr. Gendler brings with him extensive knowledge and experience gained at KPMG and as Chief Financial Officer of three publicly traded technology companies, Ki-Bi Mobile Technologies Ltd., Cimatron Group and IFN Systems. Mr. Gendler played an important role in the initial public offering of Ki-Bi Mobile Technologies on the AIM of the London Stock Exchange, as well as in several M&As and private equity transactions involving venture capital firms and banks, in both Israel and in the U.S.

"Rafi Wiesler was an integral part of the management team during his 7-year tenure at Tdsoft (today wholly owned by VocalTec), by participating in various fund raisings and M&As, and in preserving Tdsoft's cash, all of which enabled the VocalTec - Tdsoft business combination in November 2005. We wish him the best of luck in his future endeavors," said Yosi Albagli, President and Chief Executive Officer of VocalTec. He continued, "Mr. Gendler brings to VocalTec a wealth of experience with public companies. His extensive knowledge of financial reporting and controls will be an important asset to the Company going forward and we believe he will be a key part of our future growth initiatives."

magicJack VocalTec Ltd. (Nasdaq: VOCL)

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