Fidelis Security Systems Press Release: Sept 10, 2008
September 10, 2008
Gary Kraemer Joins Fidelis Security Systems as Chief Financial Officer
Next-Generation Data Leakage Prevention Leader Secures Seasoned International Finance and Operations Executive
WALTHAM, MA & BETHESDA, MD - September 10, 2008 - Fidelis Security Systems, the leader in next-generation data leakage prevention (DLP) solutions, today announced the appointment of Gary Kraemer as Chief Financial Officer. With a strong background in corporate development and directing financial and operational functions in public and private corporations, Mr. Kraemer will spearhead the development of the Company's financial and operational infrastructure and provide integral business support to the Company's accelerating sales, service, and business development activities.
Mr. Kraemer was most recently a senior executive with Moldflow Corporation, where he had the responsibility for business development activities including managing the $300 million sale of the company to Autodesk, a NASDAQ-listed computer aided engineering software provider. Prior, he was CFO at sentitO Networks, a venture-backed telecom equipment provider, where he directed the sale of the company to Verso Technologies. Mr. Kraemer has also held CFO positions with Tira Wireless, Sandburst, and Bowstreet. While with these companies, he led efforts to raise more than $200 million in venture capital and debt funding while playing key roles in guiding the companies through dynamic, high-growth, as well as difficult market environments. Mr. Kraemer has also held various senior financial positions at Bay Networks/Wellfleet Communications until its acquisition by Nortel Networks and at Data General.
"We are pleased to welcome Gary Kraemer to our executive team to lead the finance and operational management of Fidelis Security Systems," said Peter George, CEO of Fidelis Security Systems. "Gary's experience-spanning the domestic and international financial markets-makes him the ideal CFO for Fidelis, as we expand our global reach by delivering on our strategy of market dominance for our next-generation data leakage prevention solutions."
About Fidelis Security Systems
Since 2002, Fidelis Security Systems has given global enterprises the power to prevent data leakage while solving their biggest data leakage challenges-safeguarding intellectual property and identity information, complying with government and industry privacy regulations, and enabling visibility into and control over their networks. Built on a patent-pending deep session inspectionTM platform, the Fidelis Extrusion Prevention System®, Fidelis XPSTM, is the industry's only next-generation data leakage prevention solution with the power to deliver comprehensive prevention, complete control, and the lowest total cost-of-ownership to stop data leakage on gigabit-speed networks. To learn more about why organizations choose Fidelis XPS to protect their brand, intellectual property, and resources, visit www.fidelissecurity.com.