Security Industry Leader to Help Guide LogRhythm’s Rapid Growth
BOULDER, Colo.—December 1, 2014— LogRhythm, The Security Intelligence Company, today announced that Todd Headley, the former chief financial officer of Sourcefire, has been appointed to the LogRhythm board of directors. Headley brings a wealth of expertise in information security to the LogRhythm board, where he will help guide the company during a period of rapid growth and increased customer adoption of LogRhythm’s next generation Security Intelligence and Analytics platform.
“Interest in next generation security solutions is accelerating as more organizations realize they are at risk and need to employ new approaches to rapidly identify and neutralize cyber threats ,” said Andy Grolnick, CEO of LogRhythm. “Todd’s experience and track record speaks for itself and is highly relevant to our path forward. He is well respected for both his security business and financial acumen. We’re thrilled to have him join the LogRhythm team.”
“I have had the pleasure of knowing and respecting LogRhythm’s management team for the past six years. The company is bringing true innovation to the market to help customers better manage cybersecurity challenges,” said Headley. “I am looking forward to helping LogRhythm continue on the path of strong revenue growth and market expansion.”
Headley served as an executive at Sourcefire from 2003 until its acquisition by Cisco in October of 2013. When Headley joined the company in 2003, it had 30 employees and $2M in annual revenue. Over the course of the next ten years, Headley was instrumental in helping grow the business to more than 700 people with nearly $300M in annual revenues. Sourcefire raised a total of $55M in four rounds of venture financing, completed a $93M IPO in 2007, made two technology acquisitions and was ultimately sold to Cisco for $2.7B.
From 1992 to 2003, Headley held key financial management positions in four venture-backed technology start-ups, each of which was ultimately acquired: Riverbed Technologies, Roadshow, BioNetrix and POMS. Headley has helped build and guide companies from their early stages through significant growth periods, and he has managed several M&A transactions, negotiated enterprise licenses and technology partnership arrangements and spearheaded international expansions.
LogRhythm is a world leader in NextGen SIEM, empowering organizations on six continents to successfully reduce risk by rapidly detecting, responding to and neutralizing damaging cyberthreats. The LogRhythm platform combines user and entity behavior analytics (UEBA), network traffic and behavior analytics (NTBA) and security automation & orchestration (SAO) in a single end-to-end solution. LogRhythm’s Threat Lifecycle Management (TLM) workflow serves as the foundation for the AI-enabled Security Operations Center (SOC), helping customers measurably secure their cloud, physical and virtual infrastructures for both IT and OT environments. Built for security professionals by security professionals, the LogRhythm platform has won many accolades, including being positioned as a Leader in Gartner’s SIEM Magic Quadrant.