Portauthority Technologies Names Sales VP, Further Broadens Depth of Experience of Information Leak Prevention Leader
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Executive Leadership Team Grows as PortAuthority Technologies Appoints Former Juniper Networks Executive Ron DiBiase as VP of Sales
PALO ALTO, Calif. - July 19, 2006 - PortAuthority Technologies, Inc.,(TM) the leader in Information Leak Prevention, today announced that it has named former Juniper Networks sales executive Ron DiBiase as its vice president of worldwide sales.
PortAuthority Technologies is a growing leader in the Information Leak Prevention and Content Monitoring/Filtering markets. It delivers security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection, and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, and the Gramm-Leach-Bliley Act (GLBA). With 27 patents pending, only PortAuthority stops information leaks by continually monitoring internal and outbound communications and delivering policy enforcement in a real-time and accurate manner.
"The addition of this proven sales leader to PortAuthority Technologies' executive team further adds to our growing corporate capabilities," said PortAuthority Technologies CEO Peter Foley. "Ron has repeatedly demonstrated his ability to be successful in the IT enterprise sales arena and in growing successful channel programs. We will rely on his knowledge and expertise as we continue to grow and deliver our innovative products to enterprises to address their needs for having full visibility and control of their data to accurately prevent data breaches and information leaks."
"I am thrilled to join PortAuthority Technologies at this very exciting time for the company," said DiBiase. "The company's customer and industry traction is growing, and I'm pleased to leverage my sales and channel expertise to contribute to its success. PortAuthority Technologies is the pioneer and technology leader for information leak prevention for external and internal leaks, extending comprehensive information leak prevention beyond email to prevent breaches in outgoing encrypted web communications, file transfers, and instant messaging."
DiBiase brings more than 23 years of successful sales, marketing and management experience within the computer and communications technology arenas to PortAuthority Technologies. Previously, DiBiase served at Juniper Networks as the VP of Sales in the Americas for its Emerging Technologies business, by way of Juniper's acquisition of Redline Networks in 2005. At Redline, DiBiase built its worldwide sales team and grew the company in the application optimization market. By the time of the Juniper acquisition, DiBiase had grown Redline's revenues to a $20M annual run rate, and had acquired more than 350 customers. Before joining Redline in 2001, DiBiase held Vice President of Sales positions at Planetweb, Inc., and Shoreline Communications, Inc. He also held a number of sales management positions at SynOptics Communications, Inc./Bay Networks, Inc./Nortel Networks, the most recent position being Vice President, North American Channel Sales. DiBiase earned a BS at Lafayette College.
PortAuthority Technologies' growing customer base has confidence that its sensitive data is secure, both for customer privacy, regulatory compliance and intellectual property concerns. Unlike other industry solutions, PortAuthority Technologies' advanced algorithms use granular data matching techniques that are resilient to data manipulation. Studies and industry feedback confirm that its PreciseID(TM) technology delivers the industry's highest accuracy with the lowest false positives and false negatives. Enterprises easily integrate PortAuthority Technologies' appliance with their existing solutions to preserve their investment, while gaining best-of-breed information leak prevention to ensure regulatory and corporate compliance.
About PortAuthority Technologies
PortAuthority Technologies is the leading provider of Information Leak Prevention security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection and true compliance. Using its patented PreciseID(TM) technology, only PortAuthority stops information leaks by monitoring internal and outbound enterprise communications and delivering policy enforcement in real-time. PortAuthority ensures compliance with regulations such as GLBA, PCI, HIPAA, CA CC1798, PIPEDA and SOX by closing the gap between employee behavior and corporate and legal policies. PortAuthority Technologies is a privately held company backed by Greylock Ventures, Sequoia Capital and Lexington Ventures. The company is headquartered in Palo Alto, Calif., and has offices throughout the U.S. For more information, visit portauthoritytech.com or call 877-843-4879.
Dan Spalding
Corporate Communications
PortAuthority Technologies, Inc.
(650) 739-0100, ext. 138
(408) 828-3265 (cell)
