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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US ‘Restrained’ in Cyber Operations – Pentagon Chief
Posted on March 28, 2014 by Kara Dunlap in Security
WASHINGTON – The United States will show “restraint” in cyber operations outside of US government networks, Secretary of Defense Chuck Hagel said Friday, urging other countries to do the same.
Hagel, speaking at the National Security Agency (NSA) headquarters at Fort Meade, Maryland, said that the Pentagon “does not seek to ‘militarize’ cyberspace.”
Instead, Hagel said that the US government “is promoting the very qualities of the Internet — integrity, reliability, and openness — that have made it a catalyst for freedom and prosperity in the United States, and around the world.”
The remarks came at the retirement ceremony for outgoing NSA chief, General Keith Alexander.
The Pentagon “will maintain an approach of restraint to any cyber operations outside the US government networks. We are urging other nations to do the same,” Hagel said.
He also said that the United States “will continue to take steps to be open and transparent about our cyber capabilities” with Americans, US allies, “and even competitors.”
The idea is to “use the minimal amount of force possible” in cyber operations, a senior defense official told reporters, speaking on condition of anonymity.
This would take place only when it would “either prevent conflict, de-escalate conflict or allow us to use the minimal amount of force,” the official said.
“That is not always the approach that other nations in the world use,” the official said. Although he emphasized that there was “a clear difference” between espionage and cyber operations, restraint is also applicable “for espionage and communications intelligence” at both the NSA and Cyber Command, the official said.
“We think very carefully about the things we do outside of our own network,” the official said. The budget for the Pentagon’s Cyber Command for fiscal 2015 is $ 5.1 billion. The Command must have 6,000 soldiers by 2016.
Alexander’s successor is a US Navy officer, Vice Admiral Michael Rogers, who will take over as both head of the NSA and Cyber Command.
Hagel is set to begin next week a tour of Asia with a stop in China, where cyberspying will be a hot topic following a report in The New York Times and Germany’s Der Spiegel that the NSA had secretly tapped Chinese telecoms giant Huawei for years.
The NSA had access to Huawei’s email archive, communications between top company officials, and even the secret source code of some of its products, according to the reports based on information provided by fugitive former NSA contractor Edward Snowden.
© AFP 2013
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