Monday, October 29, 2007

ECI Announces Reorganization

ECI Telecom announced a reorganization focused on three key areas -- the creation of a Network Solutions Division, a Global Services Division, and expansion of the Global Sales and Marketing organization.

ECI said the changes will enable it to rapidly meet the needs of the market by accelerating growth in its transport and access businesses, expanding its service offering, while improving operational efficiencies.

The new Network Solutions Division (NSD) is the result of consolidating ECI's two business units -- the Broadband Access and the Transport Networking Divisions -- into one single unit. Eyal Shaked, currently Executive Vice President & General Manager of the Transport Networking Division, will lead the new division.

In addition, ECI is announcing the creation of the Global Services Division (GDS), which will centralize and expand the company's service portfolio, from delivery and installation to value-added advanced service offerings, such as managed services, turn-key projects and consulting services. This Division will continue to partner with carriers as they introduce new services and migrate to next-generation environments.

As part of this reorganization plan, ECI will reduce its total workforce by approximately six percent.

  • In September 2007, ECI Telecom was acquired by affiliates of the Swarth Group and certain funds that have appointed Ashmore Investment Management Limited as their investment manager, for a total value of approximately $1.24 billion.

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