CIT President/CEO Jobse to leave company

Peter Jobse, president and CEO of The Center for Innovative Technology, said he will step down at the end of the year. Prior to joining CIT, Jobse worked at EDS and was a founder of ArcSight, which was later acquired by Hewlett-Packard. He first came to CIT in October 2002 as an executive vice president and chief operating officer.

VC-backed ThreatStream expands team with two hires

Redwood City, Calif.-based ThreatStream, a cyber security threat intelligence platform provider, has hired Rick Wescott as vice president of worldwide sales and W. Todd Helfrich as director of federal sales. Previously, Wescott worked at ArcSight where he served as vice president and general manager of public sector sales while Helfrich was at HP. ThreatStream’s backers include General Catalyst Partners, Institutional Venture Partners, Google Ventures and Paladin Capital Group.

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Google Ventures leads funding of cybersecurity startup ThreatStream

ThreatStream, which provides a cloud-based platform to examine cybersecurity threats, announced it has raised a $4 million Series A round of funding. Google Ventures led the round, with participation from Paladin Capital Group and individual investors Tom Reilly, former CEO of ArcSight and current CEO of Cloudera, and Hugh Njemanze, former CTO and founder of ArcSight. Reilly, Njemanze and Google Ventures General Partner Karim Faris are on the board of ThreatStream.

NEA To Open Chicago Office

New Enterprise Associates, Inc. said it will open a Chicago office to serve portfolio companies in the region. The firm has invested more than $300 million in 20 Chicago-based companies over the years including Groupon, ArcSight, Cleversafe, Echo Global Logistics, InnerWorkings, Neutral Tandem, and Sprout Social. NEA presently has offices in the Washington, D.C. region, Menlo Park, and New York City, as well as affiliate operations in Shanghai, Beijing, Bangalore and Mumbai.

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