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Damballa announces appointment of new CEO
[December 28, 2012]

Damballa announces appointment of new CEO

Dec 28, 2012 (Datamonitor via COMTEX) -- Damballa Inc., a provider of security solutions, has appointed David Scholtz as the new CEO of the company.

Scholtz previously served as the company's vice president of global sales and alliances. Prior to joining Damballa, Scholtz held executive leadership positions at McAfee and Mercury, which achieved nearly $2 billion in cumulative revenue growth and were acquired for a collective $12.3 billion.

Scholtz began his career at Accenture, later sold enterprise software and was a founder and CEO in two technology startups. His positions as president and CEO and as a director on the Damballa board are effective immediately.

David Scholtz is CEO of Damballa Inc. He has 25 years of technology industry experience and a track record of success implementing leveraged go-to-market strategies.

Over the past 10 years, Scholtz was a member of the global leadership teams at McAfee, HP Software and Mercury. As SVP, global alliances at McAfee, Scholtz's organization was responsible for alliances, joint go-to-market offerings, technology integrations, and embedded/OEM sales with McAfee's strategic partners worldwide.

Prior to McAfee, Scholtz was VP, worldwide alliances and channel programs at HP Software, which had acquired Mercury Interactive, where David was VP, Americas alliances and channels.

"The investors in Damballa believe that the company has an unprecedented opportunity for growth in the security market," said Ron Nash, partner at InterWest Partners and director on the Damballa board.

"The unique approach Damballa takes to protecting organizations against targeted threats is why all existing investors participated in the recent funding round. David Scholtz has a proven track record of building high performing teams, driving business strategy and delivering results. We are excited to have him leading Damballa." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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