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Ditech Networks Appoints Ken Naumann As CEO And Board Member

Stocks in this article: DITC

Ditech Networks, Inc. (NASDAQ: DITC), a leader in the development of voice processing systems for communications networks, today announced that its Board of Directors voted to appoint Ken Naumann as Chief Executive Officer and to Ditech’s Board of Directors, effectively immediately, adding to his existing title of President.

“I am very pleased to announce that the Board agreed to expand Ken’s role,” said Alan Howe, Ditech’s chairman of the board. “I believe Ken’s leadership skills and focus on execution will help Ditech as it strives to further penetrate into the voice communications industry’s rapidly growing markets.”

Naumann was appointed President in March 2011, from World Wide VP of Sales. Naumann filled the President role after Dr. Todd Simpson, former CEO and President resigned in March 2011. Dr. Simpson has resigned from the Board of Directors effective May 27, 2011.

About Ditech Networks

Ditech Networks is revolutionizing modern communications with advanced voice processing solutions and voice applications that offer network and speech quality enhancement, voice-to-text services, and more. Ditech believes in the power and simplicity of human speech. Its technology is designed to deliver compelling voice capabilities to emerging forms of communication like social networking and text messaging, allowing consumers to use voice in ways that make sense in today's Web 2.0-savvy world.

Leveraging over 20 years of deployments with communications providers around the world, Ditech offers unique, effective products and services that put the subscriber's experience first, assisting carriers with revenue generation, service differentiation, network expansion and call capacity. Ditech's customers include Verizon, Sprint/Nextel, Orascom Telecom, AT&T, China Unicom, Global Crossing, and West Corporation. Ditech Networks is headquartered in Mountain View, California. For more information, visit www.ditechnetworks.com.



Copyright Business Wire 2010

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