APQC: Managing Cyber Security Risk in Corporate Networks

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APQC | November 28, 2016

Cyber security risk today is a deep concern for a broad spectrum of senior executives, not just the CIO’s top team members. The heads of finance, ERM, strategic planning, marketing, and field operations have to be up-to-speed. Board members as well are accountable for ensuring organizational resiliency. In this Q&A, APQC presents ideas for managing this risk from two experts: Ray Rothrock, RedSeal CEO, and Steve Timmerman, RedSeal VP of Business Development.

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Smart Devices are Simple When it Comes to Cybersecurity

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CBR ONLINE | 14 November 2016

RedSeal CTO, Dr Mike Lloyd, on the thing about things – with some pizza on the side

The Mirai strain of malware has focused a lot of attention on the Internet of Things, after a Mirai-infected botnet of IoT devices was used to cripple large parts of the Internet on Oct 21st.  Huge numbers of simple Internet-connected devices (cameras, home routers, baby monitors, etc) were used to flood the infrastructure of a service provider called Dyn, causing collateral damage to a wide array of other dependent websites.

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Former Check Point CMO Parrish Lands At RedSeal

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CRN | November 17, 2016

RedSeal has nabbed former Check Point Software Technologies Chief Marketing Officer Julie Parrish as its first CMO, the up-and-coming cybersecurity analytics company announced Wednesday.

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Julie Parrish Joins RedSeal as Chief Marketing Officer

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Industry Veteran to Further Capture Global Interest in Cybersecurity and Digital Resilience

SUNNYVALE, Calif.— RedSeal (redseal.net), a leader in the cybersecurity analytics market, today announced that Julie Parrish recently joined the company as Chief Marketing Officer. Parrish will lead the company’s global marketing effort to position RedSeal as the thought leader in digital resilience, increase overall awareness for RedSeal, and drive demand for RedSeal’s cybersecurity analytics platform.

“Julie rounds out our leadership bench with perspective and deep cyber industry expertise, and she understands the C-Suite’s quest for ROI across all budget line items,” said Ray Rothrock, chairman and CEO of RedSeal. “We’re thrilled to have her further extend RedSeal’s value proposition – of enabling digital resilience, measuring cybersecurity effectiveness, and mapping cyber investments to results  – to the C-Suite and executives across organizations.”

Before joining RedSeal, Parrish was CMO for both Check Point and NetApp, where she also served as senior vice president of worldwide channel sales. She has held a number of senior leadership positions in marketing and channel sales at Fortune 1000 companies including Symantec, Veritas, Nokia and 3Com (now part of HP).

“I’m thrilled to join RedSeal – their vision of enabling digital resilience is inspiring – and more importantly, achievable,” said Parrish.  “RedSeal has a tremendous leadership team, a significant technology advantage and a real opportunity to help customers close the gaps they still have in their overall security strategy. “

RedSeal reported record revenues, positive cash flow and profitability in its latest quarter.  The company saw growth across all segments, including 100 percent quarter-over-quarter sequential growth in commercial business, and 300 percent year-over-year organic growth from customers expanding their adoption of RedSeal technology.

Parrish will be based in the company’s headquarters in Sunnyvale, Calif.

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About RedSeal

RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

RedSeal Reports Positive Cash Flow and Profitability in its Strongest Quarter to Date

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Record Revenue and Gross Margins Propel Cyber Analytics Company’s Q3 Momentum

SUNNYVALE, Calif.— Nov. 7, 2016 — RedSeal (redseal.net), a leader in the cybersecurity analytics market, today announced it closed its third quarter with record revenue, boosted by the close of the company’s largest single contract to-date. The company ended the quarter cash flow positive and profitable on a GAAP basis, as year-to-date revenue increased 38 percent over the same period last year and 57 percent over the previous quarter.  Year-to-date net income in 2016 was 150 percent above the same period in 2015.

“Our record-breaking quarter shows that digital resilience and cyberattack preparedness is a priority for many global enterprises and government agencies,” said Ray Rothrock, chairman and CEO of RedSeal. “The large majority of executives we speak with want real-time information about external threats and the overall health and resilience of their network. Our proven network resilience technology delivers comprehensive and measurable results to the C-Suite and beyond. Measuring cybersecurity effectiveness, mapping visibility and investments to results, and reeling in out-of-control cybersecurity spending are critical to business success, and why we believe the growth RedSeal is experiencing today is just the tip of the iceberg.”

RedSeal reported gross margins hit an all-time high and its commercial business grew 100 percent over the previous quarter. In addition to closing the biggest deal in company history, RedSeal achieved a 300 percent increase in growth with existing customers over Q3 2015. This included RedSeal’s second largest expansion contract to-date, with one of the world’s top consumer electronics companies. Overall, growth came from across government agencies and commercial segments, including a range of technology, professional services, retail, and financial services companies.

To date, RedSeal’s network resilience technology is implemented in more than 40 government agencies and hundreds of commercial enterprises, including three new customers from the company’s recently opened office in Japan.

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 About RedSeal

RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

 

RedSeal: Digital Gatekeeper

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RED HERRING | November 1, 2016

As our use of technology has evolved, so have the threats that can derail and even destroy a business or even a country. Remember December 2013 when credit card information from 40 million users were stolen a few days before Christmas in a major attack on Target? Or the power outage (allegedly triggered by Russia) which lasted six to nine hours in the Ukraine during Christmas season last year? Cyber attacks are more of a threat to companies and governments today than they were yesterday, and will become even more so tomorrow.

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Ray Rothrock: A Venture Capitalist with a Cause

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RED HERRING | November 1, 2016

Most venture capitalists embrace the career after a stint as a banker, CEO, or tech executive. Then the average tenure as a VC spans over 15 years, during which they groom two new startups per year, and enjoy the lifestyle attached to that profession. Eventually they retire, often rich, and “vanish to the sunset” as John Fisher, the founder of Draper Fisher elegantly puts it. Few would have anticipated that Ray Rothrock, would have gone the other way, and reversed from a successful quarter century role at Venrock, the famous Rockefeller venture firm, to spearhead a then fledgling start up as his last assignment in his professional journey.

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