Duluth-based Concurrent Computer Corp., a company that makes software and hardware for streaming video and collecting and analyzing media data, said Dan Mondor is stepping down as chief executive officer and will be replaced by ARRIS Group executive Derek Elder.
Elder, who takes on the role Friday, most recently was senior vice president and general manager of two business units at Suwanee-based ARRIS, a provider of IP, video and broadband technology. Elder also will join the Concurrent board of directors.
Mondor had been CEO since April 2008, joining the company from Mitel Networks Inc., where he was president.
In a statement, Chairman Steve Nussrallah credited Mondor with introducing multi-screen software solutions, expanding the company’s customer base “and achieving profitability over the last eleven consecutive quarters.”
For its just completed fiscal 2015 first quarter, the company reported net income of $387,000, or 4 cents a diluted share, compared with net income of $734,000, or 8 cents a diluted share, in the same period a year ago. Revenue rose to $17.5 million, from $17.2 million.
In Nasdaq trading Tuesday, Concurrent’s stock closed at $6.89, down 1 percent. The stock’s 52-week low is $6.64 and its 52-week high is $8.81.
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