SOURCE: Silver Tail Systems

Silver Tail Systems

July 11, 2012 08:00 ET

Industry Veteran Joins Silver Tail Systems as Chief Financial Officer

Paul Farmer Joins Silver Tail Systems in Wake of Record Company Performance

MENLO PARK, CA--(Marketwire - Jul 11, 2012) - Silver Tail Systems, the leader in web session intelligence and behavioral analytics, today announced Paul Farmer has joined the executive team as Chief Financial Officer. Paul Farmer has over 30 years of experience scaling high growth companies in pioneering markets. Prior to joining Silver Tail Systems, he served as Chief Financial Officer for Narus, Inc., which was acquired by The Boeing Company. Farmer joins on the heels of the company's record success and will lead financial planning, accounting, treasury, legal and infrastructure.

"Silver Tail's products provide visibility into a strategic asset: our customers' websites. The security and protection we deliver coupled with the threat landscape propelled our rapid growth in the first half of 2012," said Timothy Eades, Chief Executive Officer at Silver Tail Systems. "A cash flow positive organization, we have not only added 50 employees to our team roster, but also have plans to bring on an additional 70 in the coming six to eight months to help support our efforts of protecting as many users as possible on the web. To help manage our continued expansion, we are thrilled to welcome Paul Farmer as our new Chief Financial Officer, where his considerable expertise with growth-oriented companies will bring tremendous value to the table."

Farmer has extensive experience in scaling Silicon Valley companies, leading four public offerings and one acquisition. In addition, his global background in corporate governance and legal contracts with large international companies in the U.S., Europe, Canada, India, the Middle East and Japan provide the foundation for extending Silver Tail Systems' global reach. Receiving his MBA from the University of Chicago, Farmer initially earned his accounting degree from the University of Illinois.

"Silver Tail Systems is pioneering a new approach to security and the market has taken notice. The pace of customer adoption continues to accelerate quarter after quarter, and our company growth and infrastructure are responding accordingly," noted Paul Farmer, Chief Financial Officer at Silver Tail Systems. "This expansion signals a shift in the frame of reference for security and the role of intelligence and behavioral analytics that will cause customers to rethink how they approach securing their users and business. Silver Tail Systems' role in this industry will be increasingly critical as a result, and I am excited to be a part of the team."

About Silver Tail Systems, Inc.
Silver Tail Systems, a leading provider of web session intelligence and behavioral analytics, is protecting some of the world's leading websites against mobile and online fraud and cybercrime. Silver Tail Systems' award-winning solutions are made possible by the unmatched expertise of its management and technology teams, who bring deep experience, know-how and personal commitment to protect their customers' businesses against online fraud. For more information, visit Silver Tail Systems at www.silvertailsystems.com.

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