New directors bring valuable perspective
NetScout Systems (NTCT) recently reconfigured its board of directors. The company appointed Vivian Vitale and Michael Szabados to the board. Vitale comes from outside, while Szabados is a NetScout veteran, having been with the company for more than two decades. Szabadis currently serves as its chief operations officer.
NetScout has high hopes for these new directors to help propel its growth. According to NetScout CEO Anil Singhal, both Vitale and Szabados bring a valuable perspective and experience to the board.
NetScout highlights new director’s track record
In the case of Vitale particularly, NetScout noted her ability to help companies scale their operations in an efficient and effective manner. In her past careers, Vitale helped steer businesses that went on to be bought by large technology companies. She was a senior executive at Veracode, which was bought by CA Technologies in 2017. Last year, CA Technologies was acquired by Broadcom (AVGO). Vitale also was an executive at Unica, a fast-growing technology firm that IBM (IBM) bought for $480 million.
Sight on 5G dollars
NetScout is one of the vendors positioning themselves to cash in on the 5G rollout. The company last month launched a new product aimed at service providers in the 5G era. Service providers around the world have lined up huge budgets for 5G network deployments. T-Mobile (TMUS), for instance, last year inked landmark 5G deals worth $7.0 billion combined with Ericsson (ERIC) and Nokia (NOK), suppliers of telecom equipment. T-Mobile has pledged network spending of up to $40 billion if allowed to merge with its rival Sprint (S). These are the type of customers NetScout is eyeing. NetScout generated $246 million in revenue in its third quarter of fiscal 2019, which ended in December.