NEW YORK, April 8, 2014 /PRNewswire/ -- Finjan
Holdings, Inc. (OTC MKT: FNJN) (the "Company") today announced the
appointments of three new members to its Board of Directors.
They are Glenn Daniel, former
Managing Partner at the global investment bank Houlihan Lokey;
Harry Kellogg, former Vice Chairman
of diversified financial services provider Silicon Valley Bank; and
Michael Southworth, Chief Financial
Officer at Contact Solutions LLC, a leading provider of cloud-based
and mobile customer self-service solutions.
"Glenn, Harry and Michael are all accomplished business leaders
who bring a wealth of both financial expertise and management
insight to our Board," said Finjan's President, Phil Hartstein. "Their financial acumen
will be essential to supporting Finjan growth as we continue
executing on our strategic plans to benefit from today's emerging
cybersecurity market. We look forward to their perspectives
and contributions, and are delighted to welcome them to the
Board."
The appointments of Messrs. Daniel, Kellogg and Southworth
increase the number of directors comprising the Board from five to
eight, effective April 4, 2014.
All three new Board members will serve as independent
directors, and Messrs. Daniel and Southworth will serve as members
of the Company's Audit Committee in addition to other Board
duties. Mr. Daniel will also serve as a member of the
Company's Compensation Committee.
The Company also announced that the Board of Directors has
appointed Eric Benhamou as Chairman
of the Board's Audit Committee, a current Director who served in a
similar capacity as a Director of the Company's predecessor, Finjan
Inc., since 2006. The Board of Directors appointed
Michael Eisenberg, a current
Director, as Chairman of the Board's Compensation Committee.
Daniel Chinn, a current Director,
remains Chairman of the Board's Nominating and Corporate Governance
Committee.
Appointees Background
Mr. Daniel was formerly a Managing Director at the global
investment bank Houlihan Lokey, where he was head of Houlihan
Lokey's San Francisco office for
15 of his 25 years with the firm. During this time, he
advised Boards of Directors and Independent Committees of
technology companies on fairness, valuation, and other financial
matters in M&A and securities transactions. Mr. Daniel
has deep experience with litigation in financial disputes, having
testified as a financial expert in more than 25 cases in State,
Federal, and Bankruptcy Court. He previously held positions
with Moody's Investors Service and Lehman Brothers. Mr.
Daniel holds a Bachelor of Arts in German & Economics and a
Master of Science in Finance from the University of Wisconsin, Madison. He is a
Chartered Financial Analyst (CFA) and a member of the CFA
Institute.
Mr. Kellogg was previously Vice Chairman of the Board of Silicon
Valley Bank and Head of Strategic Relationships for SVB Financial
Group. He was responsible for overseeing SVB Financial
Group's venture capital, private equity, private banking and
premium wine activities. Kellogg joined Silicon Valley Bank
in 1986 as senior vice president of the Technology Division. Prior
to joining Silicon Valley Bank, he was the group manager of
Corporate Banking at Bank of the West for five years and started
that bank's technology lending group. He was also with Wells
Fargo Bank for 13 years, including four years in the Wells Fargo
Special Industries Group, a high-tech lending unit within Wells
Fargo Bank. Mr. Kellogg is and has been actively involved in
many civic and industry organizations, serving on many of their
boards and advisory boards. These include: TechNet, Joint
Venture: Silicon Valley Network, Financial Executives
International, Stanford Institute for Economic Policy Research, The
Computer History Museum, California/Israel
Chamber of Commerce, Nollenberger Capital Partners, The Tuck
Center for Private Equity and Entrepreneurship, Pacific Community
Ventures and Grameen Bank. Mr. Kellogg is an emeritus board
member of the Technology Museum of Innovation. In 2001, he
was named one of Upside Magazine's "100 People Who Changed Our
World." Mr. Kellogg holds a Bachelor of Science Degree in
Business Administration & Finance from San
Jose State University.
Mr. Southworth is the Chief Financial Officer at Contact
Solutions LLC, a leading provider of cloud-based and mobile
customer self-service solutions. He led Contact Solutions'
business transformation, including strategy planning, risk
mitigation, executive recruitment and change management. For
over two decades, Mr. Southworth has directed companies from the
start-up phase through major periods of growth, and has been behind
over $100 million in private equity
and debt financing. Previously, Mr. Southworth was Senior
Vice President of Global Wireless Solutions at Corning. Prior
to Corning, he held senior financial roles at a number of
technology companies including MobileAccess Networks, Lucent
Technologies, and Chromatis. Mr. Southworth holds a Bachelor
of Science, Biology, Business concentration, from the University of California at Berkeley. He is a
Certified Public Accountant in the State of California.
Eric Benhamou is currently
Chairman and CEO of Benhamou Global Ventures, LLC, an investment
firm that invests and plays an active role in innovative high tech
firms throughout the world. Formerly, he was Chairman of the
Board of 3Com Corporation. He also served as Chief Executive
Officer of Palm, Inc. from October
2001 until October 2003 and
Chairman until October 2007, and was
Chief Executive Officer of 3Com from 1990 until the end of 2000.
Mr. Benhamou co-founded Bridge Communications, an early
networking pioneer, and was Vice President of Engineering until its
merger with 3Com in 1987. He holds a Master of Science Degree
from Stanford University's School of
Engineering and a Diplome d'Ingenieur and a Doctorate from Ecole
Nationale Superieure d'Arts et Metiers, Paris.
Michael Eisenberg has been a
general partner at Benchmark Capital Partners, an early stage
venture capital firm focusing on social, mobile, local and cloud
companies that disrupt various industries, since 2005. Mr.
Eisenberg has served, and continues to serve, on the board of
directors of many of Benchmark's portfolio companies in the
technology industry. In July
2013, Mr. Eisenberg co-founded, and currently serves as
a manager of, Aleph, a venture capital firm focused on serving
Israeli entrepreneurs. Mr. Eisenberg earned a B.A. from
Yeshiva University.
With these key appointments, Finjan continues to round out its
Board of Directors in support of the Company's planned growth
strategy. Recognized internationally as a pioneer and leader
in web and network security, Finjan's decades-long investment in
innovation is captured in its patent portfolio, centered around
software and hardware technologies capable of proactively detecting
previously unknown and emerging threats on a real-time,
behavior-based basis. Finjan has successfully licensed its
patents and technology to several major software and technology
companies around the world.
For Additional Information: www.finjan.com
ABOUT FINJAN:
Through our subsidiary, Finjan, Inc., we own a portfolio of
patents, related to software that proactively detects malicious
code and thereby protects end users from identity and data theft,
spyware, malware, phishing, trojans and other online threats.
Finjan's mission is to invest in innovation and encourage the
development of core intellectual property. Founded in 1997, Finjan
developed and patented technology that is capable of detecting
previously unknown and emerging threats on a real-time,
behavior-based, basis, in contrast to signature-based methods of
intercepting only known threats to computers, which were standard
in the online security industry during the 1990s.
Cautionary Note Regarding Forward-Looking Statements:
This press release includes "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements include statements
regarding our expectations, intentions, beliefs and projections
about our future results, performance, prospects and opportunities.
These statements can be identified by the fact that they do not
relate strictly to historical or current facts or by the use of
words such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "plan," "project," "potential,"
"should," "will," "will be," "would," the negative of these terms
and similar expressions, but this is not an exclusive way of
identifying such statements. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. Our actual results, performance and achievements may
differ materially from those expressed in, or implied by, the
forward-looking statements contained in this press release as a
result of various risks, uncertainties and other factors. Important
factors that could cause our actual results to differ materially
from our expectations include, without limitation, our ability to
execute our business plan, the outcome of pending or future
enforcement actions, our ability to expand our technology
portfolio, the enforceability of our patents, the continued use of
our technology in the market, the development of a liquid trading
market for our securities and other factors described under
Item 1A, "Risk Factors," as set forth in the Company's Annual
Report on form 10-K filed with the SEC on March 14, 2014, and any subsequent quarterly or
current reports.
The Company will continue to file annual, quarterly and
current reports, proxy statements and other information with the
SEC. Forward-looking statements speak only as of the dates
specified in such filings or releases. Except as expressly required
under federal securities laws and the rules and regulations of the
Securities and Exchange Commission, we do not undertake any
obligation to update any forward-looking statements to reflect
events or circumstances arising after any such date, whether as a
result of new information or future events or otherwise. You should
not place undue reliance on the forward-looking statements included
in this release or that may be made elsewhere from time to time by
us, or on our behalf. All forward-looking statements attributable
to us are expressly qualified by these cautionary
statements.
Contact:
Media and Press Relations
Scott Eckstein
MWW Group
Telephone: (212) 827-3766
Email: seckstein@mww.com
Company Investor Relations
Joshua Weisbord
Finjan Holdings, Inc.
Telephone: (646) 568-3313
Email: joshua@finjan.com
SOURCE Finjan Holdings, Inc.