ThreatX Strengthens Executive Team with Addition of David Roshak as CFO and Mike Reagan as COO
ThreatX, the leading provider of SaaS-based web application firewall (WAF) solutions, today announced that cybersecurity industry veterans David Roshak and Mike Reagan have joined its executive team as CFO and COO, respectively. The appointments are the latest in a series of moves demonstrating the company’s unparalleled combination of innovative technology and industry expertise that makes it the ideal solution to today’s complex web application security challenges.
The WAF industry is undergoing a rapid shift to cloud-based solutions, with major analyst firms predicting that more than 70 percent of WAF deployments will be delivered as a cloud service or virtual appliance by 2020. Analyst firms also predict 2020 will see over half of all public-facing web applications protected by cloud-based WAF platforms, combining CDN, DDoS protection, and bot mitigation. ThreatX offers these capabilities via a single solution, providing a behavior-based application security approach that unlike other next-gen WAF’s, provides complete visibility, reduces false positives, and prevents legitimate traffic from being blocked.
The appointment of Roshak and Reagan positions ThreatX to build upon its strong growth foundation and capitalize on the market shift to cloud-based security solutions. A seasoned technology veteran with more than 20 years of leadership experience, Roshak joins ThreatX from Optiv, which was created in 2015 as a result of the Accuvant and FishNet Security merger. With a strong financial, operational and channel background and experience helping organizations seize market opportunities, Roshak will play a pivotal role in ThreatX’s next phase of growth.
A 30+ year industry veteran, Reagan comes to the company from leading SIEM provider LogRhythm where he played a pivotal role in growing the business from <$1M to over $150M in annual sales. Reagan has held executive management roles in sales, marketing, business development, and channel and product management and will lead the company’s strategy development and drive the customer experience.
The new hires will work closely with ThreatX’s co-founder and CEO, Bret Settle, and the rest of the executive team to build on the company’s momentum as more organizations shift applications to the cloud and look for accurate, adaptable, and easily deployable security solutions to meet their needs.
“The market is undergoing a rapid and fundamental shift, and we’re helping more and more companies to securely migrate their application architectures to the cloud. Bringing David and Mike on board allows us to ramp up these efforts and tap their wealth of industry knowledge to accelerate ThreatX’s growth and WAF market leadership.”
Bret Settle, Co-Founder and CEO, ThreatX
“As enterprises continue to connect applications and migrate them to the cloud, they must also focus on securing a large attack surface from a continually advancing threat landscape. ThreatX has amazing momentum and its behavior and risk-based web application firewall will fundamentally transform how enterprises deploy and protect their web and cloud applications from malicious threats. I am looking forward to helping the company further capitalize on this opportunity and continue its rapid growth.”
David Roshak, CFO, ThreatX
“ThreatX’s attacker centric, SaaS-based WAF is setting a new standard for website and application protection. The company’s unique solution is empowering enterprises around the globe to address the increasingly sophisticated threat landscape and the simultaneous shortage of cybersecurity professionals. I’m thrilled to be joining this team of highly skilled and passionate security experts and establishing ThreatX as a leader in this billion dollar market experiencing double digit growth.”
Mike Reagan, COO, ThreatX
ThreatX is the only SaaS-based web application firewall (WAF) solution that enables enterprises to confidently secure all their web applications against a rapidly evolving threat landscape. Purpose built for the hybrid-cloud, ThreatX delivers complete visibility and the most precise threat detection and neutralization capabilities available by combining progressive behavior profiling, collective threat intelligence, and deep analytics with a managed service. ThreatX eliminates the false positives and maintenance burdens associated with 1st generation WAFs and static, rule-based solutions.