RR Media Bolsters Management Team, Names Yaron Ravkaie as

Transcription

RR Media Bolsters Management Team, Names Yaron Ravkaie as
For Immediate Distribution
RR Media Bolsters Management Team, Names Yaron Ravkaie as Chief
Business Officer
Experienced Businessman with Years of Experience to Assume Senior Role with RR Media
Airport City Business Park, Israel
February 9, 2015 - RR Media (NASDAQ: RRST), a leading provider of global
digital media services to the broadcast industry, announced today that Yaron Ravkaie has been appointed to the
position of Chief Business Officer, a new position within RR Media. The appointment significantly strengthens the
business operational expertise, designed to help the company continue to
profitably grow its business.
track record of delivering results, he is exceptionally qualified to lead our
day-to-day business execution
Reporting directly to the Chief Executive Officer, Mr. Ravkaie will lead the Global Business Group (GBG), assuming
responsibility and full ownership of the day-to-day business execution of the company including customer
relationships, sales and business partners for
.
For the last 16 years, Mr. Ravkaie has held senior positions at Amdocs, of which the last 15 years he spent in
the United States. He brings broad management experience and a deep knowledge of service provider
business, including global sales, delivery, on-going support and outsourcing deals, building and driving
strategies, setup of new organizations as well as a proven ability to lead and grow a profitable ~$1 billion
software products and services business. In his last role, Mr. Ravkaie created the Payments division for Amdocs,
focusing on mobile payments. Prior to that, he held several leadership positions within Amdocs including
President of a North American division focused on AT&T, including responsibilities for sales and systems
implementation supporting the UVERSE Program.
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toward consumption of digital content via an increasingly wide range of fixed and mobile devices, all demand
the solutions and expertise RR Media provides. I am excited to join this innovative company, and look forward to
Mr. Ravkaie is a graduate of the Technion with a BSc degree in Industrial Engineering and Information
Technology. He also has an MBA degree from Ben-Gurion University.
About RR Media
RR Media
possible media and entertainment experiences for
digital media services maximize the potential of media and entertainment content, covering four main areas:
smart global content distribution network with an optimized combination of satellite, fiber and the internet;
content management and channel origination; sports, news & live events; and online video services. RR Media
provides scalable, converged digital media services to more than 650 channels and to leagues and right
holders of over 100,000 hours of sports and live events yearly. The company delivers content to 95% of the
population reaching viewers of multiplatform operators, VOD platforms, online video and direct -tohome services. Visit the company's website www.rrmedia.com
Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding (i)
guidance for revenue and margins for 2014 or any other future periods; (ii) our expectations and ability to strengthen our
offering and capabilities in order to allow us to accelerate our growth; (iii) our expectations to generate higher margins from
our sports and events business compared to our other businesses ; (iv) our expectation that our sports and events business
will be a major contributor to our growth and that the demand for this type of content will continue to increase globally; (v)
our expectation and ability to further improve our margins over time by changing our product mix, coupled with more
value-added services and better utilization of our infrastructure; (vi) our ability to continue to experience strong interest in
our services, leading to new customer wins for our digital media broadcasting services and to report future successes; (vii)
our expectation that our backlog will materialize into revenue on the projected timeline and (viii) our ability to continue to
benefit from a strong business model, featuring a notable percentage of recurring revenues, long-term contracts, high
renewal rate, a multi-year backlog, and strong free cash flow. These forward- looking statements involve known and
unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the
companies and the industry as of the date of this press release. The company undertakes no obligation to update forwardlooking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as
may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results
to differ materially from those contemplated by the forward-looking statements, including the risks indicated in our filings
with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments
thereto, including our Annual Report on Form 20-F for the year ended December 31, 2013 and our Current Reports on
Form 6-K.
Company Contact:
Shmulik Koren, CFO
Tel: +972 3 928 0777
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Email: [email protected]
Investor Contact:
Hayden/ MS - IR
Brett Maas/ Miri Segal-Scharia
Tel: 646-536-7331 / 917-607-8654
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