Dialogic Inc, (NASDAQ: DLGC), a leading provider of communications technologies, today announced that it will consolidate senior financial management operations to the Company’s offices in Parsippany, New Jersey and that as a result, Al Wood, Chief Financial Officer, will be departing. The Company’s Board of Directors has retained CTPartners, an executive search firm, to assist the board and management team in selecting a new Chief Financial Officer. Mr. Wood will continue to serve as Chief Financial Officer and Principal Accounting Officer through March 2011. "I want to thank Al for his financial leadership during an important period in our company's history," said Nick Jensen, Chairman and Chief Executive Officer. "He has made significant contributions to the Company’s growth and development, which today places our company on solid financial footing. We greatly appreciate that Al will continue in his current role during the transition until a replacement is found." Mr. Wood was appointed Chief Financial Officer at Veraz Networks in 2005 and led the Company’s successful initial public offering in April 2007. Following the merger of Veraz and Dialogic earlier this year, Mr. Wood became the Chief Financial Officer of Dialogic. About Dialogic For over 25 years, Dialogic (NASDAQ: DLGC) and its subsidiaries have been providing communications platforms and technology to enterprise and service provider markets. Our portfolio of IP and TDM based multimedia processing and call control technologies enables developers and service providers to build and deploy innovative applications without concern for the complexities of the communications medium or network. This empowers our customers to unleash the profit from video, voice and data for advanced networks. For more information on Dialogic, visit www.dialogic.com. Also, find us on the following social networking sites: http://www.sec.gov. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. (VRAZ-IR) (DLGC-IR) Dialogic is a registered trademark of Dialogic Inc or its subsidiaries. Other trademarks mentioned and/or marked herein belong to their respective owners. Dialogic and its subsidiaries encourage all users of their products to procure all necessary intellectual property licenses required to implement their concepts or applications, which licenses may vary from country to country.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.