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MIND Appoints New CEO and Chief Business Officer
MIND announced leadership appointments. Following the resignation of its Chief Executive Officer, Ariel Glassner, MIND's Board of Directors has appointed Monica Iancu, the Company's founder and former CEO, as Interim CEO effective July 1, 2026. In addition, Orly Sorokin, currently an independent member of the Board, will step down from the Board and join MIND as Chief Business Officer effective August 1, 2026.
MIND C.T.I. reports Q2 EPS 2c vs. 6c last year
Reports Q2 revenue $4.8M vs. $5.3M last year. Ariel Glassner, MIND CTI's CEO, commented: "We continue to be challenged by shrinking relevant markets and strong competition in both our billing and enterprise solutions, as previously announced, and we are experiencing the negative impact on our financial results. We continuously monitor our cost structure, striving for efficiency across the organization. At the same time, we continue to invest in key areas to address market needs and to maintain a strong engineering team to support our customers. We believe that continued focus on execution and adaptability, along with maintaining our growth drivers, positions us well for the future."
MIND C.T.I. reports Q4 EPS 6c vs. 7c last year
Reports Q4 revenue $5.2M vs. $5.6M last year. Ariel Glassner, CEO, commented: "The impact of global economic conditions, industry consolidation, emergence of new competitors and commoditization of telecom services, continue to have a material adverse effect on our existing and potential customers. These conditions have caused the capital spending levels of many communications companies to decline and in addition, telcos have reduced investment in billing platforms to prioritize the significant infrastructure costs required for 5G deployment. The telco billing market decrease, the pricing pressures, and increased competition have been acute in recent years, and we were unable to recruit any new customers in 2024. Consolidation and intense competition in the telecom space resulted in a few long-term customers closing or selling their business. While our focus is on expanding to new markets, this effort will not materialize in 2025 due to long sale cycles. We expect all these factors to have an unfavorable impact on our revenues and profitability in 2025. As previously mentioned, the messaging segment's business results are difficult to predict, and we expect our business results to present volatility in revenues, margins, and cash flows. We continue to invest in new technologies to enhance our offering, to support 5G technologies, and to add AI capabilities to our platforms."
MIND C.T.I. to acquire Aurenz for up to $1.88M in cash
MIND C.T.I. has signed a definitive agreement to acquire Aurenz, a provider of UC analytics and call accounting solutions in Germany. Founded in 1983, aurenz maintains a leading position in the field of call accounting and in recent years in UC analytics. aurenz solutions provide essential added value for unified communication systems, easily and quickly integrating into every UC implementation. aurenz prides itself on delivering outstanding service to ensure seamless installations and integrations. Jurgen Dagutat, in his role as Managing Director, will continue to lead the aurenz team, ensuring continuity and further strengthening partnerships. UC analytics provides organizations with the data-driven insights necessary to optimize their communication strategies and with real-time feedback, to help identify and quickly resolve issues. UC analytics may also be used to enhance customer service interactions. By analyzing this data, companies can improve response times, identify common customer issues, and refine support processes to provide a better customer experience. MIND acquires aurenz for up to approximately $1.88M in cash. The transaction is expected to be marginally accretive to our earnings per share, excluding acquisition-related items, in fiscal 2025 and thereafter. MIND's financial results will include the acquired company's results starting the first quarter of 2025. The acquisition is anticipated to be completed shortly, subject to customary closing requirements.
MIND C.T.I. reports Q3 EPS 5c vs 6c last year
Reports Q3 revenue $5.2M vs $5.3M last year. Monica Iancu, MIND CTI's Chief Executive Officer, commented: "Similar to previous quarters, we continue to benefit from the long-term successful relationships with our customers that value our commitment to provide the highest level of support and the best products and services, and from time to time, increase the scope of their solutions. We work with well-designed processes that ensure operating efficiency and productivity. We remain active in our search for suitable acquisitions and continue our ongoing investment to better support digital transformations and 5G networks, and to maintain up-to-date technology and infrastructure with increased security. MIND is a global company, operating from different countries, according to an extensive business continuity plan that ensures resilience, seamless delivery, development, and ongoing support to our customers.
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