Onapsis Announces Exciting New Boardroom Addition
Today Onapsis, the leader in business application protection has just announced the exciting addition of Dave DeWalt to its board of directors. This announcement follows a record year, highlighted by 157% year-over-year growth in new annual recurring revenue, 257% growth in expansion revenue, and 90% gross retention rate. Onapsis’ customer base now totals 300+ global enterprises that include more than 20% of Fortune 100 companies, six of the top 10 automotive companies, five of the top 10 chemical companies, four of the top 10 technology companies and three of the top 10 oil and gas companies.
Dave DeWalt will bring a wealth of experience to an ambitious boardroom. As the former FireEye and McAfee CEO, DeWalt brings strong experience as a proven industry executive, advisor and investor who has led startups to the Fortune 500. DeWalt helped create more than $20 billion of shareholder value during his more than 15 years as president and CEO of three major companies. As CEO and founder of NightDragon Security, a dedicated cybersecurity investment and advisory firm, he serves as a board member in some of the most innovative companies, including Delta Airlines, Five9, ForeScout, iboss, Cybereason, CallSign, Claroty, Team8, DataTribe, Illusive Networks and Optiv.
DeWalt has stated his reasons for joining Onapsis is because they are at “the forefront of eliminating one of the greatest risks to enterprises today─business-critical applications. Billions of dollars have been spent on securing custom web and mobile applications, as well as solutions to protect corporate networks and assets, yet the off-the-shelf packaged applications that power an organization’s core operations and functions remain seriously exposed.”
In 2019 Onapsis celebrated their first decade in business with their most successful year yet, achieving triple-digit revenue growth and emphasising the importance of protecting business-critical applications. One must agree with Mariano Nunez who said that “welcoming Dave as Vice Chairman of our Board of Directors is the perfect way to kickoff 2020. He is a world-class leader and operator whose blend of experience and expertise will undoubtedly help us expand our market leadership. I look forward to working with Dave to further catalyse our growth and deliver on our mission of protecting the business-critical applications that power the global economy.”
The future promises to be very bright for Onapsis as they begin their second decade in operation with a boardroom full of bright minds and experienced cybersecurity veterans.
Gloss