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RegTech: Theta Lake bolsters leadership team as the RegTech is set on scaling the business

By December 10, 2020September 21st, 2021No Comments
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Collaboration security and compliance technology company Theta Lake has added an award-winning cybersecurity executive to its board of directors and two security industry leaders to its roster of advisors.

Theta Lake said that the new additions to the team will strengthen the venture as it expands further into the cybersecurity and compliance space by building a foundation steeped in industry expertise and track records in building market leading security brands.

The first new addition is Johanna Flower, former chief marketing officer at CrowdStrike, who will join Theta Lake’s board of directors to bring her industry-recognised leadership and experience in building world class go-to-market strategy and execution in the cybersecurity market.

“Theta Lake’s deep understanding of the pain points that exist for security and compliance personnel supporting modern collaboration platforms and its development of purpose-built solutions to simplify and automate those processes positions them exceptionally well to become the defacto leader in the industry,” said Flower.

“I look forward to sharing my expertise, guiding the team to continued success, and supporting the company in creating value for its customers and shareholders.”

The second new addition is John Thompson. He is the current chair of Microsoft’s board of directors and8 a long-time security and compliance industry leader and becomes an investor and advisor for Theta Lake.

“The pandemic has spurred a surge in communication collaboration platform usage for a newly distributed enterprise workforce, and thus a need for increased security protocols,” said thompson.

“Theta Lake offers companies a better way to provide this security with its unique and unparalleled software. I was driven to invest in this budding company because I know that a winning organisation requires a combination of great technology, a great team, and optimal timing – all of which exist here. I’m excited to work with this team and share my perspective to make it a success.”

Mark Anderson, CEO of Alteryx and former president of security industry leader Palo Alto Networks, is the third person to join Theta Lake. He will serve as an investor and advisor for Theta Lake.

“I have seen a lot a security and technology pros, but what excites me about Theta Lake is that deep product expertise balanced by great customer focus,” said Anderson. “From the first demo, I could literally see how their solution and team was built to help customers address the pressing need to advance security and compliance for a collaboration, and, increasingly, video collaboration-first world. I believe in Theta Lake’s vision, mission, and welcome the opportunity to help them achieve it.”

The news comes on the back of Theta Lake securing a $12.7m Series A round in October led by Lightspeed Venture Partners. Fuelled by the recent cash injection and strengthened by the three new members of the team, CEO and co-founder Devin Redmond believes the company is set up to scale tremendously.

“I couldn’t be more excited to add Johanna, John, and Mark to our prominent team of bnoard members, leadership, and advisors,” said Redmond. “One of our teams’ shared beliefs is that we benefit by adding the perspective and input from other experts. Johanna is someone I’ve had the honour of collaborating with previously and I am excited to enlist her help in our mission.

“John is someone whom we, like most veterans of the security space, have learned in the past, and to have him be directly invested and advising us is just tremendous. Mark understands the importance of building solutions and teams to meet the needs of customers which aligns completely with our market focus. Our customers should read into this for directly what it is, and that is yet another indication that we are built from the ground up to be a mature company, here for the long term that offers a solution to solve security and compliance challenges for modern collaboration communications.”

This article first appeared on FinTech Global, on December 10th 2020.
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