REDWOOD CITY, Calif., July 24, 2014 /PRNewswire/ -- ThreatStream™, a threat intelligence platform that prioritizes threats and facilitates trusted threat sharing, today announced the appointment of Hugh Njemanze as chief executive officer (CEO). Formerly co-founder, chief technology officer (CTO) and executive vice president of research and development at ArcSight, Njemanze is regarded as the initial architect of Security Information and Event Management (SIEM), and helped establish ArcSight as one of the most successful security companies to come out of Silicon Valley in the last two decades. Most recently, Njemanze has served as an Entrepreneur in Residence at leading venture capital firm Kleiner Perkins Caufield & Byers, applying his expertise in building successful security companies from the ground-up for the firm's portfolio companies.
"Njemanze brings more than three decades of experience and veteran leadership to ThreatStream," said Karim Faris, Google Ventures general partner. "His business acumen and technology expertise are the right combination to take ThreatStream to the next level."
Njemanze co-founded ArcSight in May 2000 and led product development, information technology deployment and product research. As one of the founders of ArcSight, he was responsible for architecting what became the industry's leading SIEM product. In 2010, Njemanze was named the Ernst & Young Entrepreneur Of The Year in the Software category for Northern California. Also in 2010, HP acquired ArcSight for $1.75 billion; this resulted in expanded responsibilities for Njemanze, including leading all engineering and research and development efforts for HP's Enterprise Security Products group. Previously, Njemanze served as CTO at Verity and held a software engineering position at Apple, where he was one of the key architects of the Data Access Language (DAL). He has over 20 issued patents and more patents pending in the area of network security.
"ThreatStream's approach to threat intelligence is truly differentiated and can make a significant positive impact on the industry, which is why I'm so excited to lead the great team here," said Njemanze. "Our OPTIC™ platform helps our customers get more value out of their existing security investments, while at the same time providing a trusted way for enterprises and government organizations to collaborate and share threat data. In the past, for both technology and cultural reasons, it's not been practical for organizations to share information with each other about the threats they are experiencing, even though intellectually they realize it would be in their best interest to do so. ThreatStream can broker threat sharing in a way that makes collaboration not only feasible, but highly attractive even to the most sensitive enterprises."
Added ThreatStream founder, Greg Martin: "It's a thrill to be working with Hugh to grow the ThreatStream business and platform. His ability to build teams, his commitment to the customer, and his understanding of how to build a world-class security company from start-up to maturity, is exactly what we need to realize the full potential of threat intelligence, collaboration and detection."
Martin will continue in his role as founder and chief technical officer (CTO), and Colby DeRodeff, will assume responsibilities as chief strategy officer (CSO). All executives start executing in their new roles effective immediately.
ThreatStream provides actionable advice and priority ranking of an organization's threat intelligence stream. The ThreatStream OPTIC platform aggregates millions of unstructured cyber threats in real-time, leveraging proprietary algorithms to automate malware classification, actor attribution, and a deeper level of threat context not available before in a commercial offering. Unlike any other threat intelligence vendor, ThreatStream provides collaborative defense, enabling its customers to share threat intelligence findings either publicly or privately in order to better identify and defend against today's most malicious cyber attacks. ThreatStream has more than 1,900 security analysts and 750 organizations leveraging the OPTIC platform. Of those, 75% are fortune 50 companies and government agencies.
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ThreatStream is a security company that offers a SaaS-based cyber security intelligence platform. The company's OPTIC Platform is the first-ever community-vetted cyber security intelligence solution that aggregates millions of threat indicators from around the Internet and integrates them directly to an organization's existing security infrastructure. ThreatStream provides businesses and governments visibility into newly discovered security threats so they can proactively defend against malicious attacks. Headquartered in Redwood City, Calif., the company is privately held and has received venture capital backing from Google Ventures, Paladin Capital Group and individual investors. To learn more, visit www.threatstream.com and follow us on Twitter @threatstream.