Elemental Names Chief Financial Officer, Further Expands Experience of Policy And Risk Management Solution Provider |
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Elemental Security, Inc
155 Bovet Rd. Suite 100
San Mateo, CA, 94402
USA
Press release date: April 5, 2006
Executive Leadership Team Broadens as Elemental Appoints Software Industry Veteran Richard Hornstein as Chief Financial Officer and General Counsel
SAN MATEO, Calif. - April 5, 2006 - Elemental Security, Inc., the award-winning pioneer of new technology in enterprise information security, today announced that it has named Richard Hornstein as its Chief Financial Officer and General Counsel.
Elemental provides the world's only security policy system built from the ground up to make the state and activity of users and computers fully transparent, enabling customers to directly translate their business objectives into specific policies for all users and systems on their networks. Elemental unifies policy management, host configuration, inventory/discovery and role-based access control in one seamlessly integrated offering. Using Elemental, security administrators can easily assess the security posture of machines and networks, and make proactive decisions about managing risk. Security policy and compliance management continue to be top priorities due to increasing frequency and severity of security breaches, and regulations such as Sarbanes-Oxley (SOX), the Payment Card Industry (PCI) Data Security Standard, and the Health Insurance Portability and Accountability Act (HIPAA).
"Rich is a proven software industry leader and his addition further strengthens our executive team," said Elemental CEO Peter Watkins. "Rich brings outstanding business, financial, and legal experience to Elemental, and I am excited to have him join our staff, and to be working with him again. Rich's broad business acumen and skills will enable Elemental to effectively and intelligently grow and manage our infrastructure and business operations."
"I am pleased to join Elemental, a company which is quickly establishing itself as a leader in security policy and risk management," said Mr. Hornstein. "Elemental is an exciting company which is gaining remarkable customer adoption, achieving broad industry accolades and awards, and garnering exemplary references and recommendations from leading security analysts. I am excited to join such a terrific team, and about being part of Elemental's long-term success."
Mr. Hornstein has more than 20 years of financial and legal management experience, most recently serving as CFO of OpenTV, a leading publicly traded interactive television software company. Before that he was CFO and General Counsel of Resonate, Inc., a leading publicly traded traffic control and system management company. Mr. Hornstein also served as General Counsel, SVP of Corporate Development and SVP of Taxation for McAfee Associates, Inc. He has also worked for the Big 4 accounting firms of Coopers and Lybrand (Price Waterhouse Coopers) and KPMG. Mr. Hornstein earned a B.A. in Accounting from Queens College, a J.D. from Duke University, and a masters in Taxation from New York University.
About Elemental Elemental is an industry leader in enterprise policy and risk management. Using its award-winning Elemental Security Platform (ESP), organizations can directly translate their business objectives into specific policies for all users and systems on their networks. For the first time, enterprises can use a single product to obtain measurable and comprehensive metrics for their security policy needs and compliance requirements. Founded in December 2002, Elemental is a privately held company backed by Bessemer Venture Partners, Mayfield, Sequoia Capital and Lehman Brothers Venture Partners. Red Herring and AlwaysOn awarded the company their Red Herring 100 and AlwaysOn 100 awards, respectively, which honor the top private companies. Elemental was also named the "Most Innovative" company at the RSA Conference 2006 and a "Private Security Company to Watch" by Red Herring. The company is headquartered in San Mateo, Calif., and has offices throughout the U.S. Go to http://www.elementalsecurity.com for more information.
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