Cybersecurity firm ExtraHop names new CFO

Dive Brief:

ExtraHop, a Seattle-based cybersecurity company, announced Aug. 30 that Matt Parson will take the top financial seat after leaving his current CFO position at Paymentus.
Parson succeeds Bill Ruckelshaus, an industry veteran, who started in the CFO role three years ago. In his new role, Parson will oversee the company’s financial operations with “an eye toward bringing public-market discipline to ExtraHop,” the company said in a press release.
The company also named a new chief marketing officer, chief legal officer and chief people officer. “These seasoned executives bring exceptional experience helping public and private B2B technology companies rapidly scale for long-term growth and success,” the company said in its statement.

Dive Insight:

Parson was most recently CFO of Paymentus, a publicly traded SaaS-based payment solutions provider. He also previously served as CFO and senior vice president of operations at CloudBees, a software development company. Before that, Parson spent 12 years at RedHat where he held a variety of managerial roles in financial services. His resume also includes big names like EY and KPMG.

“ExtraHop is at the forefront of the transformation taking place in network security,” said Patrick Dennis, CEO of ExtraHop in a company statement. The new team of executives is aiming to accelerate the company to their next phase of growth, he said.

In June 2019, the Seattle-based company which aims to stop advanced threats across cloud, hybrid and distributed environments, was acquired by private equity firms Bain Capital and Crosspoint Capital for $900 after hinting at an IPO.

ExtraHop is a 14-year-old company that helps organizations prevent, detect and eliminate threats on their network. Their customers include Home Depot, Concur, Seattle’s Chidren and Ulta Beauty.

Joining Parson in new roles at the company are Christine Nurnberger as chief marketing officer from Bottomline Technologies, Lauren Zajac as chief legal officer from Workhuman and John Hoffman as chief people officer from Alvaria, Inc.