Dasient Names Paul Stich as Chief Executive Officer

PALO ALTO, Calif., July 12 /PRNewswire/ -- Dasient Inc., the leading provider of anti-malware solutions for websites and ad networks, today announced that Paul Stich has joined the company as its Chief Executive Officer (CEO).  As the company's newly appointed leader, Stich plans to work closely with co-founders Dr. Neil Daswani, Ameet Ranadive and Shariq Rizvi to significantly grow Dasient's customer base, extend the company's reach into new markets, and accelerate research and product development.

"We are delighted to be able to attract a CEO of Paul's caliber and industry experience to lead Dasient through its next stages of growth and help fulfill its potential - particularly at a time when the market opportunity for Dasient's products and services is so ripe," said Dasient investor Eric Benhamou.

Founded in late 2008, Dasient is the first and only company to provide a complete Web Anti-Malware service that can automatically identify and contain malware on websites, helping businesses avoid losses of traffic, reputation, and revenue.  Recently, in May 2010, Dasient expanded its product line to offer the industry's first Anti-Malvertising Solution designed to help publishers and advertising networks quickly monitor and remediate malicious advertising attacks whenever they occur.  

"Dasient is truly an innovative company that is addressing one of the fastest growing security threats today - web-based malware," said Stich.  "The current leadership team has made significant progress over the past two years to develop best-in-class security solutions that are unrivaled in the market.  I am very excited to take the company to the next level by expanding Dasient's global footprint and leveraging my experience and insight to support the future development of its managed security services offerings."  

Stich brings over 25 years of technology industry experience and leadership to Dasient.  During the past decade, Stich has served as the CEO at leading venture capital and private equity backed firms. Most recently, Stich was Vice President of Global Telecommunication Solutions at McAfee.  He also served as the president and CEO of Counterpane Internet Security, the leading managed security services firm, which was acquired by British Telecom in 2006.  During his tenure, Stich's team expanded the service offerings, developed a new go-to-market strategy and grew revenues nearly 1000 percent.  After the acquisition, he managed the successful integration of Counterpane into BT Global Services.  

Before Counterpane, Stich was the co-founder, president and CEO of Groundswell, a premier internet consulting firm. During his tenure there, Stich raised $50 million in funding and grew revenue from $1.5 million in 1999 to $17 million in 2000. He grew the company from 3 to 230 people in 14 months and opened offices across the U.S.

Prior to starting Groundswell, Stich was the vice president of global services at IBM, responsible for the telecommunications, media, entertainment, and utility industries for North and South America.  Earlier in his career, Stich spent over a decade at KMPG where he was a Partner in charge of building the firm's National Telecommunications practice.

"Paul brings unmatched security industry experience from both McAfee and BT Counterpane to Dasient that complements our already successful managed security services business," said Dasient Chief Technology Officer (CTO), Dr. Neil Daswani.  "Our industry-leading Web Anti-Malware and Anti-Malvertising Solution are two such services we have brought to market thus far, and we look forward to working with Paul to continue addressing the unmet security needs of the marketplace."

Stich earned his MBA from the University of Notre Dame Graduate School of Business and his Bachelor of Science degree from Saint Mary's College of California.  

About Dasient

Dasient is an Internet security company that protects businesses from web-based malware attacks. It is the first to develop a complete Web Anti-Malware service that can monitor, automatically identify, and quarantine malware on websites before it can infect visitors and cause a loss of traffic, reputation, and revenue.  Dasient was founded by former Google engineers Neil Daswani and Shariq Rizvi and former McKinsey strategy consultant Ameet Ranadive. They are backed by a group of investors who include Floodgate, Benhamou Global Ventures, and Radar Partners.  More information about Dasient can be found at www.dasient.com and www.twitter.com/dasient.

SOURCE Dasient Inc.