SOURCE: E8 Security

E8 Security

August 05, 2015 06:00 ET

E8 Security Names Security Veteran Matt Jones CEO

Veteran CEO to Drive Market Expansion

REDWOOD CITY, CA--(Marketwired - August 05, 2015) - E8 Security, a pioneer in behavioral intelligence and cybersecurity, today announced the appointment of Matt Jones as the Chief Executive Officer. Jones will lead the company's go to market and expansion strategy while continuing to bring innovative solutions to the market. Ravi Devireddy, founder and original CEO, will continue to drive core technology innovation as the Chief Technology Officer and will remain on the board of the company.

"The timing, to bring on a CEO who has scaled companies and has a track record of developing breakout strategies and growing companies in security, is right," said Ravi Devireddy. "We are delighted to welcome Matt to E8 Security to help us take advantage of the market opportunity and E8 Security's comprehensive approach to addressing cybersecurity. Our breakthrough cyber analytics platform addresses the market need for a behavioral intelligence solution that dramatically increases the efficiency of security operations and efficacy of the security infrastructure," he added.

Jones brings a broad range of experience as CEO and Chairman. Most recently he was Executive Chairman of InterAct, a leading cloud-based software provider for public safety. Jones has also served as CEO of CloudShield Technologies, a provider of cybersecurity solutions and Allocity, a software company focused on storage management. He led the transformation and growth of CloudShield into a leading cybersecurity software company focused on Fortune 500 enterprises and national governments, increasing revenue by 10 fold, building out teams to scale and successfully leading global market expansion efforts. He was instrumental in the sale of CloudShield to SAIC and Allocity to EMC. Jones has also held several senior and executive positions at Excite@Home, Sprint and AT&T.

"E8 Security has a unique position in the marketplace," said Matt Jones. "Their mix of technical prowess, the ability to meet a real market need at a time when enterprises are making cybersecurity a strategic priority makes this an exciting opportunity," he added. "I am looking forward to working with the team at E8 Security and the ongoing support of our premier venture partners to embark on the next phase of growth for the company."

About E8 Security

E8 Security is transforming the effectiveness of enterprise security teams. With scalable machine learning based behavioral analytics platform, E8 Security is empowering security teams to find and prioritize previously unknown threats, provide insight for faster resolution and increase efficacy of the security infrastructure. The company's breakthrough cyber analytics platform transforms burgeoning machine generated security data into actionable intelligence. E8 is headquartered in Silicon Valley, CA and is funded by March Capital Partners, Allegis Capital and The Hive.

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