December 01, 2008 10:33 AM Eastern Time 

Tripwire Promotes Dan Schoenbaum to Chief Operating Officer of Products

PORTLAND, Ore.--(BUSINESS WIRE)--Tripwire, the leading provider of configuration control and change auditing solutions, has promoted the company’s Senior Vice President of Marketing and Corporate Development, Dan Schoenbaum, to Chief Operating Officer of Products.

“This new position reflects a new direction and focus for Tripwire, and Dan is just the right person to execute on it,” said Tripwire president and CEO, Jim Johnson. “In his two and a half years with Tripwire, Dan has played a crucial role in driving our unparalleled growth and success by expanding and executing on our corporate strategy through product marketing and management as well as business development. Now he will hone in on products, building a bridge between research and development and product marketing to drive our product strategy and continue Tripwire’s growth in 2009.”

In his new role, Schoenbaum will be responsible for all aspects of product development, creation and marketing, and will also continue to execute corporate strategies to further Tripwire’s expansion in 2009. Tripwire is currently growing at a rate of 44 percent, and celebrated a record-shattering Q3, with bookings growth of 65 percent over Q3 2007.

Schoenbaum joined Tripwire in July 2006, having previously served as chairman of the Mergers & Acquisitions and vice president of business development at Compuware Corporation (NASDAQ:CPWR), a billion dollar software and professional services company. Prior to Compuware Dan spent eight years at Mercury Interactive (now a part of HP) where he created and managed a line of products that sparked the company’s growth and also built the company’s strategic alliances program.

About Tripwire, Inc.

Tripwire helps over 6,000 enterprises worldwide reduce security risk, attain compliance and increase operational efficiency across virtual and physical environments. With its industry leading configuration assessment and change auditing software solutions, IT organizations achieve and maintain configuration control. Tripwire is headquartered in Portland, Ore. with offices worldwide. http://www.tripwire.com/.

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