Mr. Farkash replaces Roni Kass, ioimage's founder and CEO who has taken on the role of president in order to focus more on strategy, corporate vision, long-term growth and enhancing the company's leadership position. Under Mr. Kass' direction, ioimage has grown from its inception in 2000 to become the world's leader for intelligent cameras and encoders with over 37 percent of the market (according to IMS), operating in 35 countries with more than 100 partners.

Mr. Farkash has over 14 years of experience in business development, sales and marketing in the security and surveillance fields, as well as in semiconductors, IT and communications. Prior to joining ioimage, Mr. Farkash was vice president for sales and marketing at Unisor Design Services where he played a pivotal role in converting Unisor from a subcontracting and outsourcing business to a company specializing in high-end devices for military and security market applications. He has also held management and sales positions with a number of leading high-tech companies, including NICE Systems' video security division, IBM and Applied Materials.

"I feel confident handing over the role of CEO to Zeev, who has played an important role as VP of Global sales and customer services," said Roni Kass, ioimage's new president. "He has been a major part of the company's success over the past several years and has the right skills to lead ioimage in attaining its goals. This change in management will enable me to focus my efforts on generating further growth opportunities for the company."

"The team's confidence in my abilities to act as ioimage CEO is a great honor," said Mr. Farkash. "There is more of a demand than ever for video analytics that works. I plan to leverage the strong market momentum to expand ioimage's foothold in Asia and North America."