Prolexic Announces New CEO Scott Hammack
Security Industry Veteran Tapped by Kennet Partners to Run Industry Leading Prolexic Technologies
HOLLYWOOD, Fla., April 20, 2011 /PRNewswire/ -- Prolexic Technologies, the global leader in DDoS protection services, today announced that it had named Scott Hammack as its Chief Executive Officer. As a well-respected and recognized visionary in Internet security, Hammack will bring more than two decades of security, networking, and management experience to Prolexic. As a further show of support, Mr. Hammack also contributed $1.8 million to the last round of financing and will be joining Prolexic's Board of Directors.
Founded in 2003, Prolexic was the first company to establish global scrubbing centers to stop DDoS (distributed denial-of-service) attacks 'in the cloud.' Leveraging unique filtering techniques, high-speed bandwidth and peering, advanced routing and other patent-pending services, Prolexic provides the most advanced and powerful DDoS detection and network protection systems available.
"Prolexic offers a degree of security for online businesses that is critical in today's world and a level of protection for businesses ranging from SMB clients, eCommerce providers to large enterprise businesses and government entities in a way which is well beyond what any other company can offer," said Scott Hammack, CEO for Prolexic. "Our ability to protect the large enterprise customers is best represented by the fact that 5 out of the top 10 global financial institutions rely on us for network protection services."
Mr. Hammack brings a wealth of management experience in start-up and publicly held companies. He has created over $350 million in capitalization in the past 18 years through several technology ventures including, MasterChart, Inc. and Cyberguard Corporation. Prior to joining Prolexic, Mr. Hammack was brought in as Chairman and CEO of Cyberguard Corporation to turn around the nearly bankrupt company from its recent de-listing from the NASDAQ Exchange, a pending SEC investigation and a class action lawsuit. Behind three years of Mr. Hammack's leadership, Cyberguard became a technology leader in network security solutions to Fortune 100 companies and governments worldwide. The company was re-listed on the NASDAQ Exchange, settled its class action lawsuit, accumulated $15 million in cash and grew its market capitalization to over $225 million.
Prior to Cyberguard, Mr. Hammack started MasterChart in the basement of his Illinois home in 1992. MasterChart developed an electronic medical product, attracted $10 million in capital from Harris Corporation in 1996, created several innovative software applications and was acquired by Allscripts, Inc. for $125 million in May 2000.
"Having worked with many portfolio companies in the Information Security Industry I can attest to Scott Hammack's successes and reputation," said Javier Rojas, Managing Director at Kennet Partners, "Scott is a proven leader we know is quite capable of taking Prolexic to the next level."
About Prolexic Technologies
Founded in 2003 and based in Hollywood, FL, USA, Prolexic Technologies provides global, leading edge services that protect Internet businesses from the debilitating service disruptions that can be caused by DDoS attacks. Prolexic protects global financial institutions, payment service providers, government entities, eCommerce businesses, and other organizations around the world, and was awarded the first ever patent for an anti-DDoS service. Prolexic protects more companies from DDoS attacks than any other in the world, and its customers can be rest assured that their network borders are secure, allowing them to focus on their businesses.
SOURCE Prolexic Technologies
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