Illusive Networks Appoints Founder Ofer Israeli Chief Executive Officer

NEW YORK – Dec. 27, 2016 ––illusive networks, the leader in Deceptions Everywhere® cybersecurity today announced that following two years of strong company growth and the development of a diverse line of solutions, founder Ofer Israeli will take over as CEO. He will succeed Shlomo Touboul, who will shift to an advisory role.

Since its launch in 2014, illusive networks has redefined the Distributed Deception Platform market and acquired global customers with large

network deployments in America, Europe and Asia. The Company has raised $30M in funding to date, entered a number of strategic partnerships and is experiencing unparalleled market demand and traction.

“Shlomo’s charter was to grow illusive networks from a small startup to a world class technology company, which he has done successfully,” said Israeli. “I’d like to personally thank him for his leadership and direction in establishing illusive networks as a leader in the deception-based cybersecurity market and look forward to continuing working together in our new roles.”

With Touboul guiding execution and strategy, Israeli was able to focus on building unparalleled technology and a unique research and development organization. Under their joint leadership, the company developed illusive’s award-winning technology, including Wire Transfer Guard™, Advanced Ransomware Guard™, and Attacker View™.

“This transition is a testament to the company’s evolution from early stage to mature global market leader,” says Touboul. “After two intense years building the company to a point of huge momentum and customer successes, I decided to slow down and requested reduced responsibilities. My commitment to illusive networks is always strong and I look forward to continuing to contribute to the company.”