SOURCE: RR Media

RR Media

February 05, 2016 07:00 ET

RR Media Appoints Ayal Shiran to Chairman of the Board

AIRPORT CITY BUSINESS PARK, ISRAEL--(Marketwired - Feb 5, 2016) -  RR Media (NASDAQ: RRM), a leading provider of global digital media services to the broadcast and media industries, announced today the appointment of Mr. Ayal Shiran to Chairman of the Board of Directors, replacing Dr. Shlomo Shamir, who will remain as a member of the board.

Mr. Shiran joined RR Media's board of directors in March 2014, and is a General Partner of Viola Private Equity, a leading technology growth fund that focuses on investing in global companies at expansion phase. He has extensive senior management experience at global technology and communications companies. Prior to his current roles, Mr. Shiran served as President of Amdocs (DOX) Customer Business Group from 2008 to 2013, and Division President responsible for the AT&T group of companies, including SBC, Bellsouth and Cingular, from 2004 to 2008. Prior to joining Amdocs, Mr. Shiran served as Acting Vice President at TTI Team Telecom International (NASDAQ: TTIL, later acquired by TEOCO Corporation). Mr. Shiran holds a Master's degree in Computer Engineering from the Technion - Israel Institute of Technology.

Mr. Shiran stated: "After serving as a member of RR Media's board of directors for the last two years, I am excited to accept the role of Chairman of the Board and use my experience and network to strengthen the company's leadership team. I look forward to working with RR Media's team to grow the business, including developing its sport capabilities, evolving its service offering, and expanding its global presence and local solutions."

RR Media's CEO, Avi Cohen, commented: "I'd like to congratulate Ayal Shiran on his appointment to Chairman of our Board of Directors. He has been instrumental as a board member over the last couple of years and I look forward to working with him. I would also like to acknowledge outgoing Chairman Dr. Shlomo Shamir who has overseen RR Media since 2011 and helped to grow it into a leading digital media services company."

About RR Media

RR Media (NASDAQ: RRM) works in partnership with the world's leading media players to transform content into valuable media assets. RR Media's complete ecosystem of 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 1,000 broadcasters, content owners, sports leagues and right holders. Every day, the company manages and delivers over 24,000 hours of broadcast content, over 4,000 hours of online video and VOD content and over 350 hours of premium sports and live events. The company delivers content to 95% of the world's population reaching viewers of multiplatform operators, VOD platforms, online video and direct-to-home services. Visit the company's website www.rrmedia.com.

Viola Private Equity

Founded in 2008, Viola Private Equity provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Private Equity, with over $430 million under management (across two funds), focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies. By providing direct capital investment, combined with strong leadership support, it propels portfolio companies forward, turning recognized companies into global technology leaders. The Viola Private Equity team has vast experience in working with management teams to build organic and non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. For more information visit: www.violape.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. 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. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our 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, 2014 and our Current Reports on Form 6-K.

Contact Information

  • Company Contact:
    Shmulik Koren
    CFO
    Tel: +972 3 928 0777
    Email: Email Contact

    Investor Contact:
    KCSA Strategic Communications
    Garth Russell / Elizabeth Barker
    Tel: 212-896-1250 / 212-896-1203
    Email: Email Contact