"Vormetric is firmly established as the enterprise encryption leader, just as the market for data security is taking off. The company has a great team in place and significant opportunities for growth in both our domestic market as well as new untapped geographies," said Alan Kessler. "It's a great time to join Vormetric. My goal is to grow the company into a front runner within the data security segment. We will address new high growth use cases including the cloud and big data, expand our share of the federal government space and target key international markets."
According to findings presented by Gartner, Inc. at the recent Symposium/ITxpoSecurity conference the already large security market is expected to grow by 56% from current levels within five years, while cloud security will almost triple. Vormetric provides strong, easily manageable data security for large organizations in the financial services, government, healthcare and energy sectors including Honeywell, LG, Michelin, Nicor, Prudential, and more. To date, 16 of the Fortune 25 companies have standardized on Vormetric for their data encryption and key management needs.
"Our objective was to recruit a CEO who has leadership experience in the security, enterprise software and storage systems markets, as well as a person with a track record for building and managing global businesses," said Bob Spinnner, Vormetric Board Member and Managing Director at Sigma Partners. "Alan Kessler meets and exceeds all those criteria. We are extremely pleased that he is onboard and know Alan has the acumen to grow Vormetric in both domestic and international markets."
Mr. Kessler has more than 20 years of management experience with both entrepreneurial startups and very large technology vendors. Most recently with HP, he set and executed the go-to-market strategy for the full portfolio of products, solutions and associated security services from the Enterprise Security Products business unit. He was responsible for leading the teams that took the award-winning HP ArcSight, HP TippingPoint, HP Fortify, HP Application Security Center and HP Atalla security products to market.
He also served as president of intrusion prevention vendor TippingPoint (a division of 3Com) until it was folded into HP as part of the 3Com acquisition. He led the TippingPoint business through a stage of unprecedented market growth steadily increasing market share at a rate of four times the industry average. Previously, Mr. Kessler was president and CEO of Attune Systems, an enterprise storage systems company. He has also served as the president of Palm Inc. and as president of Palm's Platform and Products group during Palm's successful IPO.
Mr. Kessler holds an MBA from the University of California, Berkeley - Walter A. Haas School of Business, and a B.S. in Business from San Jose State University.
Vormetric (@Vormetric) is the leader in enterprise encryption for physical, virtual and cloud environments. The Vormetric Data Security product line provides a single, manageable and scalable solution to manage any key and encrypt any file, any database, any application, anywhere it resides- without sacrificing application performance and avoiding key management complexity. Some of the largest and most security conscious organizations and government agencies in the world, including 16 of the Fortune 25, have standardized on Vormetric to provide strong, easily manageable data security. Vormetric technology has previously been selected by IBM as the database encryption solution for DB2 and Informix on LinuxTM, Unix® and Windows; and by Symantec to provide the Symantec Veritas NetBackupTM Media Server Encryption Option. For more information, visit www.vormetric.com.