magicJack Appoints Timothy McDonald Chief Operating Officer
Executive Brings Decades of Experience Rebuilding and Growing Internet and
Communications Companies to Role
WEST PALM BEACH, Florida and JERUSALEM, Dec. 17, 2013 (GLOBE NEWSWIRE) --
magicJack VocalTec, Ltd (Nasdaq:CALL), a leading cloud-based communications
company, today announced it has appointed Timothy McDonald as chief operating
officer (COO), effective immediately. He joins chief executive officer (CEO)
Gerald Vento, who was appointed earlier in the year, and the rest of the
magicJack management team.
"As COO, Tim will oversee marketing, channel management, new product and
corporate development," said Gerald Vento, CEO magicJack. "Tim's rich
experience in growing tech related businesses and his deep knowledge and
relationships in the mobile space make him a tremendous addition to our core
Finance, operations, customer care and regulatory will continue to report to
"I have been working with key management for the last nine months on a range
of mission-critical initiatives, which are now being implemented," said
McDonald. "magicJack's well-known brand, high traffic distribution channels,
3.3 million device customers, over 5 million registered app users and a strong
Balance Sheet provide a unique platform for growth. I'm thrilled to join Jerry
and the team to help accelerate growth and build shareholder value."
McDonald brings 20 years of management experience in the Internet and
communications industries — ranging from start-ups to public companies — to
his role as COO. As a partner with Eagle River, Craig McCaw's private
investment company, he represented the firm on the Boards of Clearwire, a 4G
wireless operator, and a private company developing advanced location-based
technology. He also led the restructuring of a privately held online video
provider. Prior to Eagle River, he represented Merrill Lynch on the boards of
ArrayCommm and German mobile data operator Deutsche Brietband Dienste GmbH,
working directly with the management teams of both companies to restructure
and reposition their businesses.
McDonald was previously responsible for the global communications investments
for a $3 billion principal investment team at Merrill Lynch. He was the
founding CEO of a web-based software company, responsible for raising
investment capital, recruiting and leading the software development and design
team, before its profitable sale.
Most recently, McDonald, along with several Sprint and Clearwire alumni,
founded Scatteree Partners to develop and operate new mobile data services in
partnership with mobile network enabler Simplexity and wireless network
About magicJack VocalTec Ltd.
magicJack VocalTec Ltd. (Nasdaq:CALL), the inventor of the magicJack and the
industry's original VoIP (voice over IP) service in 2008, is a leading cloud
communications company. With its easy-to-use, low cost solution to
telecommunications, the Company has sold more than 10 million award-winning
magicJack devices, now in its third generation, and has the use of more than
30 technology patents. It is the largest-reaching CLEC (Competitive Local
Exchange Carrier) in the United States in terms of area codes available and
certification in number of states.
CONTACT: MEDIA CONTACT:
Leasa Ireland/Brad Shewmake
LPI Communications for magicJack
310.750.7082 or 858.735.8748
INVESTOR RELATIONS CONTACT:
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