Arctic Wolf appoints Bob Skelley as Senior Vice President of Global Channels

Arctic Wolf announced the addition of Bob Skelley as Senior Vice President of Global Channels. In this new role, Skelley will lead Arctic Wolf’s channel organization with a near-term focus on developing the company’s international distribution strategy and partner ecosystem.

Bob Skelley brings more than 25 years of channel leadership expertise to his new role. Before joining Arctic Wolf, Bob served as the Chief Executive Officer of The Channel Company, where he oversaw the team responsible for being the IT Channel’s go-to source for communication, recruitment, enablement, engagement, demand generation, and market intelligence.

Before joining The Channel Company, Bob served in senior channel leadership roles at Dell, Microsoft, and EqualLogic.

“Year after year, the channel has sold new security tools that promise to help keep organizations secure, but the number of security incidents experienced by their customers continues to grow,” said Bob Skelley, Senior Vice President of Global Channels, Arctic Wolf.

“Arctic Wolf’s vendor-neutral platform and Concierge Security Team are the keys to helping organizations be more effective in their security operations, and I am excited about the opportunity to introduce Arctic Wolf ‘s vision to a new set of channel partners around the world.”

In mid-2019, Arctic Wolf adopted a 100% channel sales model and made significant investments in growing its internal channel team and building out hundreds of security-minded and cloud-focused resale partners.

Over the past year, those investments have resulted in Arctic Wolf experiencing a 106% growth in revenue, a 282% growth in the number of new channel partners, and the company becoming the first Managed Detection and Response (MDR) vendor to achieve a valuation of over $1 billion.

Arctic Wolf’s Vice President, Americas Channels and Programs, Will Briggs, will continue to oversee all aspects of Arctic Wolf’s channel program in North America while also working closely alongside Skelley to bring Arctic Wolf’s innovative channel program to new international markets.

“Our company and our channel program have been experiencing tremendous growth over the past year. As we begin to plan our market entry overseas, Bob’s unmatched knowledge of the global IT channel ecosystem makes him the perfect fit to lead Arctic Wolf’s international expansion,” said Will Briggs, Vice-President, Americas Channels and Programs, Arctic Wolf.

“We truly believe we have the best channel team and program in the business, and I look forward to working alongside our domestic and international partners to help end cyber risk.”

Arctic Wolf raises $60M to introduce new service offerings and address new markets

Arctic Wolf, a leading security operations center (SOC)-as-a-service company, announced it has raised $60 million in Series D funding, led by Blue Cloud Ventures and Stereo Capital, with additional participation from several new and existing investors, including Delta-v Capital and NextEquity Partners.

This new round of funding will allow Arctic Wolf to introduce new service offerings, address new markets and help further cement a leadership position in the Managed Detection and Response (MDR) market.

In 2019, soaring SOC-as-a-Service demand contributed to the growth of Arctic Wolf’s customer base by over 130 percent. Paired with the company’s 4300 percent revenue growth over the last four years and a doubled security team to over 400 employees across four North American offices, the increased market need was a driving force that helped Arctic Wolf be named the 25th fastest growing company in North America on Deloitte’s 2019 Technology Fast 500.

“Arctic Wolf’s approach of providing businesses with dedicated experts who know their security landscape, and a predictable pricing structure they can understand, has resonated with organizations of all sizes who are looking to better secure their data,” said Brian NeSmith, CEO and Co-Founder of Arctic Wolf.

“This new round of funding will allow us to accelerate the growth of our business so that we can provide even more companies with the personal, predictable protection that Arctic Wolf is known for.”

With today’s businesses facing an ever-increasing number of cyber threats, leadership teams turn to Arctic Wolf for help in addressing the challenges of finding experienced cybersecurity experts and building an internal security operations center of their own.

The Arctic Wolf SOC-as-a-service provides Arctic Wolf Managed Detection and Response (MDR) and Arctic Wolf Managed Risk services through the industry’s original Concierge Security Team.

Working as an extension of an organization’s internal team, these highly-trained security experts deliver 24×7 cloud-based monitoring, risk management, threat detection and response services that improve a company’s security posture and protect them against ever-evolving methods of cyberattack.

“For a long time, the managed security market has struggled with an acute shortage in security operations talent and misaligned pricing models. We are excited to back Arctic Wolf as the only at scale platform that combines a state-of-the-art technology stack with top class security analysts in a single offering,” said Dmitry Dakhnovsky, Managing Partner at Stereo Capital. “Arctic Wolf brings true enterprise grade security to businesses who would not be able to achieve it on their own.”

New infosec products of the week: November 22, 2019

CyberSaint Governance Dashboard empowers CISOs to communicate compliance and risk posture in real-time CyberSaint Security announced significant updates to its Governance Dashboards that empower CISOs to communicate their organizations’ unique compliance and risk posture in real-time. The enhancements enable C-suite executives and Board members to instantly drill down into their compliance and risk posture across business units, asset types, projects and regions. Nubeva Cloud Tool templates simplify cloud security and application monitoring Nubeva Technologies released … More

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