Xage Security Boasts 420% Growth Thanks to Zero Trust Cybersecurity Mesh Demand
Xage Security appoints cybersecurity executive Geoffrey Mattson as CEO as demand for zero trust cybersecurity mesh skyrockets.
PALO ALTO, Calif. – Zero trust cybersecurity software platform Xage Security reports that demand for its zero trust cybersecurity mesh platform across critical infrastructure industries has driven year-over-year revenue growth of 420% and 560% growth in bookings in the first half of 2023.
To guide its next phase of growth, Xage has named entrepreneur and cybersecurity executive Geoffrey Mattson as CEO, who brings decades of experience as a leader in research and development, product development, and go-to-market strategy.
Mattson’s predecessor, Duncan Greatwood, has assumed the role of executive chair of the Xage board. Greatwood will support Mattson in his leadership of Xage and contribute to the company’s vision and strategic direction as Xage accelerates its product and GTM investments.
Xage’s customers include the world’s leading infrastructure operators in energy, such as Kinder Morgan, Saudi Aramco, PETRONAS, Leeward Renewable Energy and Petrobras; U.S. Federal Government and Defense entities, including contracts with Space Force and Air Force; and manufacturing, utilities, and transportation organizations across the globe.
Xage also works to secure clean energy resources as a member of the U.S. Department of Energy’s National Renewable Energy Laboratory’s Clean Energy Cybersecurity Accelerator program.
“Geoff’s background is deeply rooted in both networking and cybersecurity, which positions him to appreciate what the Xage team has accomplished to date and to drive towards a future that is brimming with opportunities to ensure integrity, privacy and trust of industrial systems, data centers, and cloud,” says Greatwood in the company announcement.
“With Geoff, we have a combination of visionary technical and product leadership, great experience building organizations, and excellent skills in engaging with customers and scaling GTM,” he says. “We welcome him aboard to lead Xage on to even greater success.”
More About Xage Security’s Growth
Xage has pioneered a mesh-based cybersecurity platform called the Xage Fabric to protect critical infrastructure operators around the world. The Fabric’s innovations include multi-layer identity and access management and multi-user session collaboration, both released in the past year.
The Fabric positions Xage at the intersection of zero trust network access and cyber-physical systems Protection markets, as cited by Gartner. The company currently protects more than 34 million megawatt hours of energy transported daily, more than one million assets and identities, and thousands of operational sites globally.
Xage has received numerous industry awards validating its vision and technology, including being named to the 2022 SINET16 list of prestigious cybersecurity startups and winning the 2023 IoT Breakthrough Award for Industrial IoT innovation.
Earlier this year, Xage was also appointed to CISA’s Joint Cyber Defense Collaborative industrial control systems working group, a partnership between U.S. government agencies and private sector organizations focused on protecting operational technology.
“It’s clear that the adoption of universal zero trust security is more critical than ever before and that the Xage platform is perfectly aligned with the demands of the moment,” says Mattson. “It’s a tremendous time to join this world-class team with its agent-free mesh-protected security fabric that has positioned the company as a leader in an increasingly interconnected world.
“I’m thrilled to take the helm at Xage and to support all our customers as they move to cyber harden their infrastructure and securely harness the power of digital transformation,” he says.
Mattson comes to Xage from MistNet.ai, an AI-driven Cybersecurity platform, where he was a co-founder and CEO. MistNet.ai was acquired by Thoma Bravo and LogRhythm. Previously, he led R&D and Product organizations in network and security startups focused on cloud-based security services, including Corona and Caspian.
In addition, Mattson has worked for established companies like Juniper Networks in both general management and functional roles, accelerating innovation and growth. Earlier in his career, Mattson spearheaded networking and telecommunication product initiatives at Bay Networks, where he led architecture, industry standards, and global GTM efforts.
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