In a significant corporate development, Bugcrowd, the only platform offering multiple crowdsourced cybersecurity solutions, announced key appointments to its Board and leadership team, amid an accelerated phase of global expansion and exceptional revenue growth. This move comes as a pivotal step in the further augmentation of its market depth, establishing the firm as a leading player in the crowdsourced cybersecurity sector.
Michael Jennings, a seasoned veteran with over three decades of experience in IT leadership and business development, will be assuming the mantle of Board Chair. A partner at Rally Ventures and former interim CEO of Bugcrowd, Jennings has spearheaded unprecedented growth at several establishments, notably leading Secure-24 to nearly 200% growth over a span of six years and to its successful sale to NTT Communications in 2018. Expressing his enthusiasm, Jennings remarks, "I am thrilled to take on the additional responsibilities of the Board Chair role at Bugcrowd as they continue to pioneer the crowdsourced cybersecurity market. This is a pivotal point in the company, with unprecedented growth and expansion into new markets, and a fast-growing team of industry giants and elite hackers. I am proud to continue supporting them as they continue to usher in a new era of cybersecurity."
Joining the Advisory Board is David Fairman, the Netskope APAC Chief Information Officer and Chief Security Officer. Fairman brings with him a rich history of leadership roles across prestigious institutions like the Royal Bank of Canada, JP Morgan Chase, and the Royal Bank of Scotland, in addition to Fortune 500 companies across several continents. His expertise in strategising against operational risks emanating from digital commerce has facilitated the transformation of cyber risk posture globally. Fairman acknowledged Bugcrowd's significant role in fostering security and resilience in today's digital ecosystem, stating, "The security and resilience of internet services is imperative to ensure trust in today's digital ecosystem. I value Bugcrowd's mission and commitment to unlock the collective ingenuity of researchers to combat threat actors, working together as a community to make the digital world a safer place for business."
Dave Gerry, Chief Executive Officer of Bugcrowd, expressed his delight at having both Jennings and Fairman on board. He emphasized the importance of having seasoned leaders to drive the company's accelerated growth trajectory in the dynamic security market, stating, "I am delighted to have both industry leaders Michael Jennings and David Fairman join the Bugcrowd team. It's vital to have the best, most seasoned leaders on our team in order to continue to accelerate our growth in an extremely fast-moving security market."
This strategic consolidation of expertise and experience at the leadership helm promises to propel Bugcrowd to newer heights in the burgeoning cybersecurity industry.