Imperva Names Former Coverity Chief as New CEO
Posted on August 19, 2014 by Kara Dunlap in Security
Redwood Shores, California-based Imperva announced on Monday that it has appointed Anthony J. Bettencourt as the company’s new president and chief executive officer. Bettencourt replaces Shlomo Kramer, Imperva founder and CEO, who will continue to serve as chairman of the company’s board and serve as Chief Strategy Officer.
Bettencourt came to Imperva from Coverity Inc., where he recently served as chief executive officer, leading the company through its acquisition by Synopsys for roughly $ 375 million in February 2014. Prior to Coverity, Bettencourt served as CEO of Verity, a provider of enterprise search solutions, leading the company through its acquisition by Autonomy Corp. in 2005.
Bettencourt currently serves on the boards of Proofpoint, Blinkx and Formation Data Systems.
“I am very pleased to be joining Imperva, and look forward to capitalizing on the opportunities at Imperva for Imperva shareholders, employees and partners,” Bettencourt said. “Imperva has established a strong leadership position in the data center security market and has a proven track record of success and innovation. I am excited to be working with the Imperva executive team, board of directors and employees to grow the company to its highest potential.”
“We are very excited to welcome Anthony to Imperva. He was chosen for his distinguished track record of executive leadership, as well as his ability to build highly effective organizations. Anthony has demonstrated an ability to drive shareholder value in competitive market segments and he brings experience driving technology excellence and global growth,” Kramer commented, “I look forward to working with Anthony and am confident that he is the right person to lead Imperva on the next stage of growth.”
Earlier this year, Imperva announced its plans to acquire two security firms and assets from another, in a move that will help extend its data center security strategy across the cloud.
In its most recent quarter, Imperva (IMPV) posted revenues of $ 38.40 million, up 22.7% year-over-year, beating analysts’ estimates by $ 3.98 million. Within services revenue, overall subscription revenue grew 110% to $ 5.3 million, compared to the second quarter of 2013. Combined product and subscriptions revenue was $ 21.8 million compared to $ 18.2 million in the second quarter of 2013. The company said that during the second quarter of 2014, it booked 88 deals with a value over $ 100,000 compared to 76 deals during the second quarter of last year.
As of July 31, the company said it has over 3,300 customers in more than 75 countries around the world.
Managing Editor, SecurityWeek.
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