Press Releases - Alytic - CEO
Alytic announces Monica Vaksdal as the new CEO of their portfolio company, Utel
Utel – the trusted securities provider which develops Network Monitoring and Fraud Detection solutions for Communication Service Providers around the globe is pleased to welcome their new CEO, Monica Vaksdal to the team.
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Vaksdal has a key focus on making a difference for companies within fields of business development, strategy, commercialization and market, and tech and innovation. She previously held CEO positions at Kaifa AS, and Mitta Oy and is the founder and former CEO of Think Outside AS. As an experienced leader, she brings with her board and advisory board experience from different industries and company sizes.
"I am excited to begin my role as CEO of Utel and look forward to building on the company's strong foundation. Utel has an impressive history of innovation and quality, and I am thrilled about the opportunity to lead the company into the next phase of growth and development. My goal is to strengthen our market position, expand our services and ensure that we always deliver value to our customers and partners. I am eager to collaborate with the talented team and together create a bright future for the company. Thank you to the owners and the board for giving me this trust," says Monica.
“We are thrilled to welcome Monica to the team. Her extensive experience, calculated risk taking, and proven track record of successful business development makes us confident that she is the ideal candidate to step in as the new CEO of Utel. We look forward to her bringing a fresh perspective and innovative ideas that will drive Utel forward as they continue to deliver exceptional solutions and results to clients and stakeholders,” says Utel Chairman and CEO at Alytic, Espen Zachariassen.
Utel’s current CEO, Frode Gorseth, will stay on to continue to work more with product development and sales - serving as the link between our customers and the development team by translating customer needs into technological solutions.
Vaksdal will officially assume her CEO position at Utel on September 1,2024.
About Utel:
Utel is owned by Arendals Fossekompani’s portfolio company, Alytic. The company specializes in: Network Monitoring, Protocol Analysis, Network Analysis, Fraud Detection and Prevention, Network Insight, Open RAN monitoring, Network Quality, Quality Assurance, Fraud Management System, Network Monitoring System, Anomaly Detection, Voice Fraud Detection, Scam Calls, Flash Calls, and Robo calls. Founded in 1998, the company is headquartered in Grimstad, Norway and works with customers in 40 different countries.