BETHESDA, Md.--(BUSINESS WIRE)--Fidelis Cybersecurity (Fidelis), a leading automation detection and response company, announces Kurt Abkemeier as chief financial officer of the company. Abkemeier’s experience leading high growth technology companies comes at a critical time for Fidelis. Since joining the company in July 2017, Abkemeier has worked on the transformation of the company, enhanced the cost structure of the business and relocated the headquarters from Waltham, MA to Bethesda, MD. During the second half of 2017, Fidelis double downed on its technology innovation and investment as it continues its commitment to secure enterprises from the rapidly evolving threat landscape. This included launching the industry’s first truly integrated network and endpoint technology solution, Fidelis Elevate™, and acquiring deception technology startup, TopSpin.
“Kurt has made a major impact since joining the team, and I look forward to his leadership as we move forward,” said John McCormack, chief executive officer for Fidelis. “His experience guiding SaaS companies through smart growth will be invaluable to Fidelis as we bring our automated detection and response platform to more and more businesses around the world. From mergers and acquisitions to building a recurring revenue model, we’ll rely upon Abkemeier’s insight and expertise to help Fidelis smoothly and confidently navigate new waters.”
A seasoned financial leader for well-established technology organizations, Abkemeier brings more than 20 years of experience to Fidelis, where he will play a critical role in its business strategy in 2018 an accelerating the company’s enterprise and mid-market growth. Prior to joining Fidelis, Abkemeier served as the CFO for Progress Software, a global enterprise software company focused on application development and deployment technologies with $400 million in revenues. While there, Abkemeier made a marked impact on the company where shortly after joining, he executed an operational restructuring which reduced operating expenses by nearly $50 million. Before Progress, Abkemeier was the CFO of Inteliquent, a wholesale voice telecommunications company. Another large public company, during his tenure, Abkemeier nearly doubled the company’s revenues from $220 million to $400 million and positioned the company for a very successful $800MM sale to GTCR. In addition to these two roles, during his career, Abkemeier also held senior executive positions at Cbeyond Inc. and AirGate PCS.
“Fidelis is coming off the back of an exciting year of innovation and growth,” said Abkemeier. “As a true leader in the cybersecurity industry, the company’s success lies in its leadership, innovation, and strong commitment to its customers to use the most advanced technology available today to protect them from ongoing cyber threats. I am excited to join the team at this exciting time and contribute to its ongoing successes.”
Fidelis’ advanced cybersecurity solutions improve the effectiveness and efficiency of security teams by providing comprehensive threat visibility, reducing alert fatigue, validated alerts, thereby helping security teams manage threats through automated detection and automated response. Request a demo to learn more.
About Fidelis Cybersecurity
Fidelis is the industry’s only completely integrated, automated network and endpoint detection and response platform. The company’s Elevate™ platform improves by 10-20 times the efficiency and effectiveness of security operations teams by condensing alert data into actionable threat summaries, and automating the validation, investigation and prevention of attacks—instead of simply piling more alert data on already-fatigued security staff. Fidelis is engineered for visibility, designed for response and trusted by the most important brands in the world. For more information, please visit www.fidelissecurity.com.