Directorate Change

RNS Number : 4363K
F.T.S-Formula Telecom Solutions Ltd
19 December 2008

F.T.S. - Formula Telecom Solutions Ltd.

London, UK, | December 19, 2008: FTS (LSE: FTS), a global provider of Billing, CRM and Business Control solutions for communications and
content service providers, today announced that CEO Amos Sivan will be stepping down from his role after 12 years in that position. Mr
Sivan will remain on the Board of Directors and will continue to actively promote FTS' growth.
Mr. Asher Polani, an industry expert with a reputation for redirecting companies and accelerating growth, will replace Mr. Sivan as the
company's new CEO. Under Mr. Polani's leadership, the company will examine future options for expanding and developing its offering in new
and existing markets.
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About FTS
FTS (LSE: FTS) is a leading provider of Billing, CRM and Business Control solutions for communications and content service providers. By
analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and
leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to
customers in over 40 countries and has implemented solutions in wireless, wireline, cable, content and broadband markets including multiple
cross-network installations. Serving the evolving needs of both traditional and next generation service providers, the company's operations
comprise four international R&D locations and strategically-located sales support offices worldwide. For more information please visit
http://www.fts-soft.com/.
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Enquiries:
Sonus PR for FTS
Martin Smith, Tel. +44 20 7851 4821, martin.smith@sonuspr.com
Seymour Pierce Limited
Mark Percy Tel: +44 (0) 207 107 8000, markpercy@seymourpierce.com
FTS
investors@fts-soft.com

This information is provided by RNS
The company news service from the London Stock Exchange

END

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