Sourcefire Continues Expansion With Key Senior Management Team Appointments.Business/Photo Editors NOTE TO MEDIA: Multimedia assets available COLUMBIA, Md.--(BUSINESS WIRE)--July 24, 2002 Addition of Marc Rubin, Chief Financial Officer, and Larry Abernathy, Vice President of Operations, Fuels Company Growth in Security Market Sourcefire, Inc., a leader in protecting enterprises and government organizations against the threat of network attacks and misuse, today announced two appointments to its experienced senior management team. Marc Rubin, who assumes the role of Chief Financial Officer, will guide Sourcefire's finance and accounting practices as well as manage expenditures from the company's recent $7.55 million venture capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. . As the new vice president of operations, Larry Abernathy will oversee Sourcefire's customer support, facilities and manufacturing infrastructure operations. "As an emerging leader in network security, we felt it essential to bring the best possible executive talent to Sourcefire. Marc will ensure Sourcefire's strong financial standing and stability while Larry's operations skills will allow us to maintain our dedication to customer support as we continue to grow," said Wayne Jackson Wayne Jackson (born April 16, 1944) is best-known for his tenure as the CEO of the Australian Football League 1996 to 2003. SANFL Jackson played 71 games for West Torrens Football Club in the South Australian National Football League from 1965 to 1971 . , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sourcefire. "Adding these two executives puts Sourcefire in a great position to satisfy the increasing demand for network security from both corporate and government sectors." Rubin brings to Sourcefire over 15 years of executive finance management within the software development, manufacturing and retail industries. As vice president, chief financial officer and chief accounting officer at Sequoia Software, a provider of XML-based portal solutions, he led the company's finance, accounting, human resources, recruiting, MIS, and facilities teams through a period of growth from eight to 250 employees. Rubin successfully guided Sequoia through three rounds of private financing worth $45 million, priming the company for its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 2000 and acquisition by Citrix Systems in 2001. Prior to Sequoia, Rubin held financial and accounting positions at industry leaders Black & Decker and London Fog. Abernathy's 30 years of operations leadership spans companies such as Convex Computer Corporation (company) Convex Computer Corporation - A mini-super-computer manufacturer. Address: Richardson, Texas, USA. , ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) and Texas Instruments. He most recently served as vice president of customer service operations at InterVoice-Brite (Nasdaq:INTV INTV Intelligent Television INTV Association of Independent Television Stations ), a global technology leader in speech-enabled interactive information solutions, where he led an international support team responsible for more than doubling service revenues and profits in just four years. Also serving in a number of key roles at Convex Computer Corporation, he helped them grow from 50 employees to over 1000 and was responsible for over $40 million in revenue prior to their acquisition by Hewlett Packard. Abernathy has consistently increased revenue and profitability while improving customer satisfaction levels. "The task of elevating Sourcefire into a global IDS powerhouse requires an aggressive growth model, and both Marc and Larry play key roles in executing this strategy," added Jackson. "I'm confident that these new management team members will deliver on Sourcefire's reputation as a network security leader." About Sourcefire, Inc. Sourcefire, Inc. is a leading network security company protecting enterprises and government organizations against the threat of network attacks and misuse. The company was founded in 2001 by the original creators of the open-source Snort An open source network intrusion detection system (NIDS) that is noted for its effectiveness. Developed by Martin Roesch, Snort can also be used just as a packet logger or packet sniffer. For more information, visit www.snort.org. See IDS. Intrusion Detection System This article is about the computing term. For other uses, see Burglar alarm. An intrusion detection system (IDS) generally detects unwanted manipulations of computer systems, mainly through the Internet. (IDS), the industry's most widely deployed IDS, that forms the foundation for the Sourcefire product suite. Today, Sourcefire combines the Snort technology with sophisticated proprietary technologies, professional data analysis and management tools, along with best practices from respected security industry experts. Sourcefire is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Columbia, MD. For more information about Sourcefire, please visit www.sourcefire.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.072402/bb4 Note: A Photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.072402/bb4a |
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