BOSTON, August 1, 2011 /PRNewswire/ --

Allot Communications Ltd. (NASDAQ: ALLT) today announced that the Company and certain selling shareholders, including certain members of the Company's senior management, are offering for sale 5,465,000 ordinary shares of the Company, consisting of 4,500,000 ordinary shares to be issued and sold by the Company and 965,000 ordinary shares to be sold by the selling shareholders in an underwritten public offering. The Company and the selling shareholders have also granted the underwriters a 30-day option to purchase up to 819,750 additional ordinary shares to cover any over-allotments.

The Company intends to use the net proceeds from the offering for general corporate purposes, including to acquire or invest in businesses or products or to obtain the right to use technologies complementary to its business. The Company does not currently have any such transactions planned. The Company will not receive any proceeds from the sale of ordinary shares by the selling shareholders.

BofA Merrill Lynch, Jefferies & Company, Inc. and RBC Capital Markets, LLC will act as joint book-running managers, Oppenheimer & Co. Inc. will act as lead manager and Wunderlich Securities, Inc. will act as co-manager.

A shelf registration statement (including a prospectus) relating to these securities was filed by the Company and declared effective on January 7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or e-mail dg.prospectus_requests@baml.com. Before you invest, you should read these documents and other documents filed by the Company with the SEC for more complete information. You may obtain these documents free of charge by visiting the SEC's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful under the securities laws of any such state or jurisdiction.

About Allot Communications

Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of intelligent IP service optimization and revenue generation solutions for fixed and mobile service providers. Allot's scalable, carrier-grade solutions provide the visibility, topology awareness, security, application control and subscriber management that are vital to managing Internet service delivery, enhancing user experience, containing operating costs, and maximizing revenue in broadband networks. Allot's rich portfolio of solutions leverages dynamic actionable recognition technology (DART) to transform broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services.

SafeHarbor 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 Company's plans, objectives and expectations for future operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: our ability to increase the breadth and functionality of the Service Gateway platform through additional partnerships as well as through M&A opportunities, changes in general economic and business conditions; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

INVESTOR RELATIONS CONTACT



Jay Kalish

Executive Director Investor Relations

International access code +972-54-221-1365

jkalish@allot.com



SOURCE Allot Communications Ltd.

Copyright 2011 PR Newswire

Grafico Azioni Allot (NASDAQ:ALLT)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Allot
Grafico Azioni Allot (NASDAQ:ALLT)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Allot