Wombat Enjoys Continued Rapid Growth, Expands its Executive Team, Receives Significant Industry Recognition, and Delivers Industry’s only Integrated Solution
Pittsburgh, PA – February 25, 2015 – Wombat Security Technologies (Wombat), a leading provider of cyber security awareness and training solutions, today announced key company updates including growth of near or over 100% for each of the past four years; the addition of new talent to the management team; a leading position in analyst giant Gartner’s first Magic Quadrant for “Security Awareness Computer-Based Training”; and continued enhancement to its award winning security training platform. Wombat continues to extend its leadership position in Security Awareness and Training by offering the markets first integrated mock phishing and holistic training solution for CSO’s and other Information Technology (IT) professionals so they can leverage the most innovative solution for training that helps make their employees the first line of defense against cyber-attacks at work and at home.
Wombat is welcoming Chief Financial Officer, Mike Borton, Vice President of Engineering, Tom Sands, and Vice President of Business Development, Rob Atherton. Borton joins Wombat after leading several international growth technology startups into profitable market leading businesses, such as Harmony Information Systems (acquired by Mediware Information Systems), Consul Risk Management (acquired by IBM) and iSKY (acquired by TRG) and provided significant return to their stakeholders.
Sands joins the Wombat team with extensive experience successfully leading engineering development teams for multiple technology companies such as ECI Telecom, Vivisimo (acquired by IBM), and most recently Forever, Inc. He will be leading the software engineering team, working alongside Kurt Wescoe who was recently named VP of Technology, heading up Wombat’s Data Science and Infrastructure teams.
Atherton brings the Wombat team with deep experience in corporate development, strategy, sales management and business development roles with technology companies including Endace (acquired by Emulex), Fortinet, and Juniper Networks. He will be forging strategic relationships with technology and channel partners to continue Wombat’s innovation and growth trajectory.
“Our rapid growth has enabled us to attract and maintain a talented team experts who strive to exceed the expectations of our customers and prospects,” said Joe Ferrara, President and CEO of Wombat Security Technologies. Wombat’s customer demand has shown that Security Awareness and Training is no longer an option for companies. Our solution has proven to help reduce successful phishing attacks and malware infections up to 90%.”
Key highlights for Wombat include:
- Continued near or over 100% growth in revenue, customers, and employees for the fourth straight year
- Expansion of the executive team with additional experienced and talented new hires for enduring innovation
- The industry’s only security awareness and training platform which integrates mock phishing attacks and training capabilities creating secure behavior
- Research and recognition from leading industry influencers such as:
- Leadership position in Gartner’s first Magic Quadrant for Security Awareness and Training
- Research from the Aberdeen Group, a Harte Hanks company, showing that Wombat’s interactive security education can reduce business risk as much as 60%
- Finalist status for the 2015 SC Magazine Awards in the category of Best IT Security-related Training Program
- Recognized by Cybersecurity Ventures as one of the top 500 Hot Cybersecurity Companies to Watch in 2015
Ferrara continued, “We have achieved this business momentum because we are in a unique position to meet CSO’s demands for fully integrated and effective security awareness and training solutions. Our investment in security and behavior learning innovations deliver a single unified platform that combines best in class products for assessments and interactive training that quickly and measurably improve employee behavior and reduce business risk.”
Wombat’s Security Education Platform gives CSO’s access to knowledge assessments, mock attacks, interactive training, awareness materials, and comprehensive reporting features. They can use Wombat’s integrated software platform to guide what education to deploy, and when and where to deploy it, providing measureable results at every step to understand progress and tailor future efforts.
For more information about Wombat Security Technologies and its award winning products, please visit www.wombatsecurity.com.
About Wombat Security Technologies
Wombat Security Technologies provides information security awareness and training software to help organizations teach their employees secure behavior. Their SaaS cyber security education solution includes a platform of integrated broad assessments, as well as a library of simulated attacks and brief interactive training modules. Wombat's solutions help organizations reduce successful phishing attacks and malware infections up to 90%. Wombat is helping Fortune 1000 and Global 500 customers in industry segments such as finance, technology, banking, higher education, retail, and consumer packaged goods to strengthen their cyber security defenses.