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TMCNet:  Damballa Further Strengthens Executive Leadership Team with Two Appointments

[February 26, 2013]

Damballa Further Strengthens Executive Leadership Team with Two Appointments

ATLANTA --(Business Wire)--

Damballa Inc., the recognized experts in advanced threat protection, today announced it has expanded the executive leadership team with two important hires to support business operations and drive strategy. David Fortune has been named vice president of operations, and Bassam Khan will serve as the vice president of corporate strategy. These additions are indicative of the strong momentum the company is experiencing as it continues to grow its customer base in nearly every vertical, deliver significant innovations in its product lines and advance its threat research capabilities. Recently, the company closed a $15M round of funding and added key executives including Dave Scholtz, CEO, and Jennifer Byrne, vice president of global alliances.

"Damballa is growing rapidly along with the recognized need and demand for innovative cyber security solutions," said David Scholtz, CEO of Damballa. "Our exceptional people are the key to our growth and drive our unique approach to cyber security. The addition of seasoned executives like David Fortune and Bassam Khan is representative of our commitment to realizing operational excellence, furthering innoation and maximizing customer value realization even as we experience tremendous growth in our business."

Fortune brings more than 20 years of experience in business operations, strategy and planning to Damballa. Most recently, Fortune led go-to-market planning and operations for HP Software. At Mercury Interactive, he integrated acquired companies, directed operations for the application management business division, led IT application development and quality assurance, and established and drove transformation initiatives. Fortune holds an MBA from the University of Denver and degrees from Seattle Pacific University and Yale University.

Khan has a strong track record in products, marketing and operations for security, cloud and collaboration technologies. Khan led marketing and products at PostPath, an enterprise email startup acquired by Cisco (News - Alert) for $215M in 2008. At Cisco, he headed up product, development operations, professional services, and customer support teams for Cisco's hosted enterprise email service. Khan was vice president of marketing at Cloudmark (News - Alert), a messaging security company, which he helped triple its position in the service provider market. Bassam received his undergraduate degree from Carnegie Mellon and a masters degree from Boston University.

"With our focus on listening to network behavior coupled with patent-pending analytics techniques, Damballa customers are experiencing a strong return on their investment," said Fortune. "Rapidly identifying and terminating criminal communications, while reducing their overall cost of threat prevention and mitigation, Damballa delivers outstanding value to our clients."

"Damballa is shifting the advanced threat protection market from a prevention-based mentality to a detect-and-respond security posture," said Khan. "We are well-positioned to help organizations defend against the increasingly menacing cybercrime 'kill chain.' Enterprises and service providers are rapidly adopting and experiencing the effectiveness of Damballa's technology. I am excited to help shape the company's growth in the coming months and years."

About Damballa - Damballa offers the leading advanced threat protection solutions for identifying criminal actors in enterprise networks and malware-infected subscribers in carrier networks. Our patent-pending solutions automatically detect and terminate criminal activity, stopping data theft and providing the forensics needed to expedite incident response and remediation. Damballa protects any type of server or endpoint device including PCs, Macs, Unix, iOS, Android (News - Alert) and embedded systems across corporate, ISP and telco networks. Damballa protects more than 300 million endpoints globally at mid-size and large enterprises in every major market, and for some of the largest ISP and telecommunications providers in the world. http://www.damballa.com.


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