Network Security

Company news: Big moves at Veracode, Malwarebytes and CipherCloud

» Prevendra, a Woodinville, Wash.-based security company, launched its Red Folder web application that allows users to put their important information behind a protected portal. This information can also be retrieved by a designated contact in case of emergency.

» Jason Eberhardt (left) has joined Chicago-based Conventus, a national information security consulting firm, as VP of strategic alliances. Eberhardt will coordinate with alliance partner executives and Coventus engineers on business development projects and pre-sales technical support delivery.

 » Tom Grooms, VP and chief information officer at The Valspar Corporation, a Minneapolis, Minn.-based coatings manufacturer, was named the 2014 CIO of the Year by the Golden Bridge Awards, a global industry awards event. Grooms led Valspar to tighten up its IT budget efficiently.

» Veracode, a Burlington, Mass.-based web and mobile application threat solution provider, closed a late-stage $40 million funding round led by Wellington Management Company, and other existing vendors. The funding will allow Veracode to continue expanding globally and explore the acquisition of other technologies, as well as prepare an IPO.

» Exabeam, a San Mateo, Cali.-based Big Data security analytics provider, launched its new platform that will allow users to detect attacks and insider threats in real time. It adds a layer of user behavior intelligence on top of existing SIEM and log management repositories to provide a full view of the attack chain. The accounts involved in attacks can also be detected.

» CipherCloud, a San Jose, Calif.-based cloud information protection provider, appointed two new executives. Ajay Nigam will be the company's chief product officer and Bonnie Helton will be chief human resources officer. Nigam previously held a similar position at Marble Security, while Helton was previously the global head of human resources at Applied Material's emerging technology businesses.

» Thomas Miller (left) has joined San Jose, Calif.-based Malwarebytes, a threat prevention software provider, as SVP of sales. Miller will develop and deploy the company's cross-channel sales strategy and also define the company's marketing plan. He previously worked at Trend Micro as president of North America.

» Duo Security, a provider of cloud-based two-factor authentication, headquartered in Ann Arbor, Mich., announced the launch of its security research team, Duo Labs. The division is led by co-founder and CTO Jon Oberheide. Its first project included the disclosure of a bypass in PayPal's two-factor authentication, and researchers have presented findings at Black Hat, DefCon and Securing IoT.

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