ObserveIT, which is backed by Bain Capital Ventures, has hired Paul Brady as CEO. Previously, Brady was senior vice president and general manager of Riverbed‘s performance management business unit. Based in New York City, ObserveIT is a provider of user activity recording and auditing software.
BOSTON–(BUSINESS WIRE)–May 2, 2014–
ObserveIT, a leader in privileged user activity monitoring, announced today the appointment of Paul Brady as the company’s Chief Executive Officer. Mr. Brady, a software and security industry veteran is based in ObserveIT’s new Boston office.
Mr. Brady brings more than 20 years of experience in business management and strategic development of high-growth, high-tech companies to his new role. Most recently, he served as senior vice president and general manager of Riverbed’s Performance Management Business Unit, where he grew revenue from $12M to $250M, and built an industry leading performance management business.
“We are very pleased to have an executive of Paul’s caliber and expertise joining ObserveIT,” said Gaby Friedlander, Co-Founder and CTO of ObserveIT. “Paul’s proven track-record of building, leading and growing successful software companies is a great fit for ObserveIT as we continue to gain significant traction in the global IT security market.”
Prior to Riverbed, which Mr. Brady joined following the acquisition of Mazu Networks where he was president and CEO, he served as president of Guardent, a network security company. Earlier in his career, he served as a senior vice president at Exodus Communications which he joined through the acquisition of Cohesive Technology Solutions where he was president. In 1992, he founded Business Technologies and served as CEO until the company merged with Cohesive, in early 1998. Mr. Brady holds a bachelor’s degree from Hofstra University and an MBA from Sloan Business School at MIT.
“CIOs face increasing pressure to provide open and dynamic IT environments to meet rapidly changing business needs. At the same time IT and security teams are facing more rigorous compliance regulations coupled with the need to prevent and rapidly respond to the growing risk of data breaches. ObserveIT has a proven product and world class customers who rely on ObserveIT to address these challenges,” said Mr. Brady. “I am excited to join ObserveIT to help make the digital world we all live in more secure.”
ObserveIT has grown at a 5-year CAGR of over 100% and recently secured growth capital funding of $20 million from Bain Capital Ventures to expand its product development, sales and marketing efforts in the U.S. ObserveIT is currently being used by customers such as ING, Samsung, Domino’s Pizza, Siemens, T-Mobile, and UPS. ObserveIT also has strategic partnerships with leading software companies like Citrix, CA and IBM.
ObserveIT, a leader in privileged user activity monitoring, allows companies to leverage the benefits of cloud based and increasingly open IT environments without sacrificing the security of a company’s most important asset, their data. By auditing, monitoring and recording privileged user activity, ObserveIT dramatically reduces the cost and time required for compliance and enables companies to monitor third-party vendor relationships. ObserveIT provides real-time and historical, context-aware video monitoring of privileged user activity for physical, virtual and cloud based servers and is currently in use in more than 1,000 corporations in 70+ countries. For more information on the company, visit www.ObserveIT.com, or find us on Twitter @ObserveIT.