BullWall have announced the appointments of Steen Lomholt-Thomsen as Chief Executive Officer and Kerry Grimes as EVP and Chief Partner Officer, and recognized several 2023 benchmarks and growth indicators, marking the company’s most aggressive growth year since its launch in 2017.
Steen most recently served as BullWall Chairman of the Board and Chief Revenue Officer of Clarivate, a frontrunner in advanced analytics software, and was previously Chief Revenue Officer of Aveva, a global leader in industrial software. Steen also brings extensive experience in enterprise software, SaaS sales, and general management gained from roles at IBM, HP, and IHS (now S&P Global). With a robust track record in commercial scaling, business growth, sales transformation, and M&A, Steen has consistently demonstrated his ability to drive success and commercially scale companies across various sectors of the technology industry.
Kerry brings to BullWall a proven track record of leading large-scale transformations and managing change at the enterprise level. He was most recently Global Head of Partners for Aveva, where he managed relationships with over 5,000 partners, and aided customers of all sizes in achieving effective, profitable digital transformations. He was previously Divisional Vice President of Global Partners for PTC Inc. and drove a highly partner-driven market and operations expansion. Kerry is also a recognized global channel executive within the channel community and brings over 20 years of international experience including being President of PTC China.
In addition to the North American launch of its award-winning ransomware containment solution, Steen noted other major product benchmarks BullWall achieved in 2023. In particular, the global launch of BullWall Server Intrusion Protection (SIP), which brings multi-factor authentication (MFA) behind the firewall to protect servers and thwart breach attempts. SIP protects RDP sessions – the entry point for 50 percent of all ransomware deployments — with MFA that detects and entraps unauthorized users, preventing their ability to install ransomware or perform other nefarious actions while also identifying and isolating any compromised device or credentials. This innovative approach to MFA does not require a second device, resulting in a user experience so frictionless that users are happy to fully deploy it for every server login, a requirement most are unaware is mandatory to be compliant with most cybersecurity insurance policies.
BullWall also announced several financial benchmarks for 2023 including:
- 50 percent growth in ARR in just one year, reflecting both the increasing demand for BullWall worldwide and the Company’s successful entry into the North American market.
- A 40 percent increase in headcount (FTEs), with particular emphasis in building out sales and marketing.
- 32 percent growth in new customer acquisition – BullWall now serves more than 1,000 customers.
- A 135 percent growth in partners over the last two years, further broadening BullWall’s market reach.
Recent research conducted by market researchers at Cybersecurity Insiders underscores the need for BullWall. It reveals that 79 percent of cybersecurity professionals surveyed believe their organization is likely to be targeted by a malware/ransomware attack in the next 12 months, and 77 percent incorrectly believe their endpoint security solution (EDR) can sufficiently protect their servers against malware attacks. Moreover, only 35 percent were confident in the organization’s current ability to remediate ransomware after it locks or encrypts data within their systems, and 35 percent mistakenly believe they can recover from an attack in a few days, despite research showing that recovery averages months.
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BullWall names Steen Lomholt-Thomsen CEO, Kerry Grimes as EVP/Chief Partner Officer
BullWall have announced the appointments of Steen Lomholt-Thomsen as Chief Executive Officer and Kerry Grimes as EVP and Chief Partner Officer, and recognized several 2023 benchmarks and growth indicators, marking the company’s most aggressive growth year since its launch in 2017.
Steen most recently served as BullWall Chairman of the Board and Chief Revenue Officer of Clarivate, a frontrunner in advanced analytics software, and was previously Chief Revenue Officer of Aveva, a global leader in industrial software. Steen also brings extensive experience in enterprise software, SaaS sales, and general management gained from roles at IBM, HP, and IHS (now S&P Global). With a robust track record in commercial scaling, business growth, sales transformation, and M&A, Steen has consistently demonstrated his ability to drive success and commercially scale companies across various sectors of the technology industry.
Kerry brings to BullWall a proven track record of leading large-scale transformations and managing change at the enterprise level. He was most recently Global Head of Partners for Aveva, where he managed relationships with over 5,000 partners, and aided customers of all sizes in achieving effective, profitable digital transformations. He was previously Divisional Vice President of Global Partners for PTC Inc. and drove a highly partner-driven market and operations expansion. Kerry is also a recognized global channel executive within the channel community and brings over 20 years of international experience including being President of PTC China.
In addition to the North American launch of its award-winning ransomware containment solution, Steen noted other major product benchmarks BullWall achieved in 2023. In particular, the global launch of BullWall Server Intrusion Protection (SIP), which brings multi-factor authentication (MFA) behind the firewall to protect servers and thwart breach attempts. SIP protects RDP sessions – the entry point for 50 percent of all ransomware deployments — with MFA that detects and entraps unauthorized users, preventing their ability to install ransomware or perform other nefarious actions while also identifying and isolating any compromised device or credentials. This innovative approach to MFA does not require a second device, resulting in a user experience so frictionless that users are happy to fully deploy it for every server login, a requirement most are unaware is mandatory to be compliant with most cybersecurity insurance policies.
BullWall also announced several financial benchmarks for 2023 including:
Recent research conducted by market researchers at Cybersecurity Insiders underscores the need for BullWall. It reveals that 79 percent of cybersecurity professionals surveyed believe their organization is likely to be targeted by a malware/ransomware attack in the next 12 months, and 77 percent incorrectly believe their endpoint security solution (EDR) can sufficiently protect their servers against malware attacks. Moreover, only 35 percent were confident in the organization’s current ability to remediate ransomware after it locks or encrypts data within their systems, and 35 percent mistakenly believe they can recover from an attack in a few days, despite research showing that recovery averages months.
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This entry was posted on January 13, 2024 at 8:15 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.