FRISCO,
Texas, Oct. 14, 2024 /PRNewswire/ -- Netwrix, a
leading cybersecurity provider of solutions that make securing
data, identity and infrastructure easier, announced that
Grady Summers has been appointed
Chief Executive Officer (CEO) effective immediately. Summers
succeeds Steve Dickson, who has
successfully led the company through record growth during his
six-year tenure.
Under Dickson's leadership, Netwrix achieved significant growth
and value creation. Since joining the Netwrix board in 2017 and
becoming CEO in 2018, Dickson has expanded the portfolio
organically and through twelve acquisitions from one to more than
fifteen product families, leading to a 23x growth in annual
recurring revenue (ARR). Under Dickson's leadership, Netwrix
expanded the number of organizations that use its products to more
than 13,500. In addition, during Dickson's tenure, Netwrix
quadrupled its global headcount with personnel in more than 35
countries. Dickson also led Netwrix through two successful
value-creation events. Dickson will remain on the board of
directors while devoting his time to strategic investment
opportunities.
"It's been an honor to drive Netwrix's business forward by
hiring and working with a truly amazing and talented group of
people. I'm pleased with the progress we have made in terms of
expanding our portfolio to help our customers be more secure today
than they were yesterday, by growing our commitment to our partners
around the globe, and by focusing on future technologies that will
be the answer for securing every organization's sensitive data,"
commented Dickson.
Grady Summers brings more than 25
years of product, technology, and business leadership experience to
Netwrix. As the Executive Vice President of Products at SailPoint,
he helped drive the company's SaaS transformation, product line
expansion, and rapid ARR growth. Before SailPoint, Summers held
senior leadership roles at cybersecurity stalwart FireEye /
Mandiant. He was previously a Principal at Ernst & Young and
the Chief Information Security Officer at General Electric.
"I am thrilled to be joining Netwrix at such an exciting time in
its journey," said Summers. "Steve has done a phenomenal job
growing Netwrix from a one-product cybersecurity business focused
on audit and compliance into a vibrant and dynamic global provider
of cybersecurity solutions. I look forward to building on his
legacy and driving Netwrix to the next phase of growth and
success."
Dickson has worked closely with Summers to ensure a smooth
transition and will continue to provide strategic guidance through
his continued position on the Netwrix board of directors. The
company remains committed to ensuring a brighter digital future for
any organization with its innovative cybersecurity solutions.
About Netwrix
Netwrix champions cybersecurity to ensure a brighter digital
future for any organization. Netwrix's innovative solutions
safeguard data, identities, and infrastructure reducing both the
risk and impact of a breach for more than 13,500 organizations
across 100+ countries. Netwrix empowers security professionals to
face digital threats with confidence by enabling them to identify
and protect sensitive data as well as to detect, respond to, and
recover from attacks.
For more information, visit www.netwrix.com.
CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com
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SOURCE Netwrix