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.