CORRECTING and REPLACING DeepCoding Appoints Former ServiceNow VP and CISO Yuval Cohen as Executive Chairman

TEL AVIV, Israel--(BUSINESS WIRE)--Please replace the release dated 30 March at 3:36am ET with the following corrected version due to multiple revisions.

The updated release reads:

DEEPCODING APPOINTS FORMER SERVICENOW VP AND CISO YUVAL COHEN AS EXECUTIVE CHAIRMAN

DeepCoding, the global AI-led ITSM delivery optimization company, today announces the appointment of Yuval Cohen as Executive Chairman, Yossi Cohen as a new Executive Advisory Board Member and special advisor to the CEO, and investment by several new, high profile strategic investors.

Yuval Cohen has been appointed Executive Chairman and has made a capital injection into DeepCoding. He served five years as Vice President and Chief Information Security Officer at ServiceNow, building one of the most advanced security programs for the SaaS giant. He joined ServiceNow selling Neebula Systems, a startup he co-founded led as CEO until its successful exit.

Yossi Cohen, founder of Panaya, joins DeepCoding as an Executive Advisory Board Member and investor; Panaya was sold to Infosys for $230 million. At Panaya, Yossi has built a world class SaaS enterprise sales organization, and will work closely with DeepCoding’s CEO Sebastien Adjiman to support the company’s hypergrowth.

DeepCoding has also secured some substantial strategic investments from several new investors including Prof Ehud Weinstein, Dr. Ofir Shalvi and Ariel Maislos. Together, these three software experts founded Anobit, which was acquired by Apple in 2012.

DeepCoding is the solution for companies needing to accelerate digital transformation, significantly reducing IT costs while enhancing efficiency without replacing their existing ITSM ticket tool. Its AI Platform has been recognized by CIOs of Global 2000 enterprises and leading global management consulting firms.

Sebastien Adjiman, Founder and Chief Executive of DeepCoding, said: “Yuval brings a wealth of IT security, data protection and software experience. His insights and proven track record, together with the new strategic investments, will support DeepCoding’s highly aggressive growth plans and will fuel our ability to deliver exceptional outcomes for our clients.”

Yuval Cohen, Executive Chairman of DeepCoding, said: “I am delighted to join DeepCoding. The company’s agnostic AI solution is the next frontier in autonomous optimization platform and will transform the industry. This is the technology which the industry has been waiting for and an invaluable solution for Global 2000 CIOs to optimize their ITSM systems turning their departments into the core organizational transformation engine of their company.”