Deepwatch Names John DiLullo as Chief Executive Officer

Rhea-AI Summary

Deepwatch, a leading managed security platform, has appointed John DiLullo as its new CEO, effective immediately. DiLullo, with over 30 years of experience, succeeds founding CEO Charlie Thomas, who will now serve as Chairman of the Board. DiLullo's prior roles include CEO of LiveVox, acquired by NICE Systems in December 2023, and CEO of Lastline, acquired by VMware in 2020. He has also held leadership positions at Forcepoint, F5 Networks, Cisco, HP/Aruba Networks, and Sonicwall. DiLullo's expertise spans driving growth, customer-centric strategies, and cybersecurity. His appointment aims to further Deepwatch's growth and leadership in the Managed Detection and Response market. Under Thomas, the company saw a 10-fold customer base increase and various awards for innovation and workplace culture.

Positive

• Appointment of experienced CEO John DiLullo with a strong background in cybersecurity.
• John DiLullo's history of leading companies to successful acquisitions (LiveVox by NICE Systems, Lastline by VMware).
• Substantial growth under previous CEO Charlie Thomas, with a 10-fold increase in customer base.
• Recognition as a certified Great Place to Work® for four consecutive years.

Negative

• Potential uncertainties and changes associated with new leadership.

Founding CEO Charlie Thomas to Serve as Chairman

WASHINGTON--(BUSINESS WIRE)-- Deepwatch, the leading managed security platform for the cyber resilient enterprise, today announced that John DiLullo has been appointed as chief executive officer, succeeding Charlie Thomas who is retiring and will serve as chairman of the Board of Directors, effective immediately.

John DiLullo is a veteran of the cybersecurity industry with more than 30 years of experience leading global technology teams. He most recently served as CEO of LiveVox (NASDAQ: LVOX) which was acquired by NICE Systems in December 2023. Prior to LiveVox, DiLullo was the CEO of the network threat detection leader, Lastline, which was acquired by VMware in 2020. DiLullo has also held executive leadership positions at Forcepoint, F5 Networks, Cisco, HP/Aruba Networks and Sonicwall. DiLullo brings to Deepwatch a compelling blend of experiences including driving growth at scale, a customer-first orientation and a deep understanding of the cybersecurity industry. DiLullo holds a Bachelor of Science in Electrical Engineering from Villanova University, and two US Patents in Signal Processing. He will be based in Silicon Valley.

“Our focus on expanding the capabilities of our platform, increasing the depth and breadth of our tech alliance partnerships, and adding world-class talent to our leadership team positions Deepwatch for the next phase of growth,” said Thomas. “The Board and I are supremely confident that John’s experience, together with his growth orientation and operating acumen, make him the ideal leader to help Deepwatch scale and to continue our tradition of delivering both disruptive security solutions and world-class service and support. I look forward to working with John and supporting him in his new role.”

“I am thrilled to be taking the helm at Deepwatch,” said DiLullo. “I have been a long-time admirer of Deepwatch and believe that the company is uniquely positioned to expand its industry leadership in the fast-growing Managed Detection and Response market. Every company, everywhere in the world is struggling to meet the burdens of rapidly evolving cyber threats and a chronic shortage of experienced cyber professionals. The Deepwatch solution blends AI, automation, advanced threat research and peerless incident response capabilities. The value proposition is not only compelling, it is almost irresistible to many of our prospects and customers.”

Under Thomas’ leadership the Deepwatch customer base has grown 10-fold, with many of the world’s leading companies relying on Deepwatch to protect their assets. Deepwatch has also won numerous awards for its product innovation and for being a certified Great Place to Work® for the last four consecutive years.

Deepwatch is backed by Springcoast Capital Partners, ABS Capital, Goldman Sachs, and Vista Equity Partners.

About Deepwatch

Deepwatch® is the leading managed security platform for the cyber resilient enterprise. The Deepwatch Managed Security Platform and security experts provide enterprises with 24/7/365 cyber resilience, rapid detections, high fidelity alerts, reduced false positives, and automated actions. We operate as an extension of cybersecurity teams by delivering exceptional security expertise, visibility across your attack surface, precision response to threats, and a compelling return on your security investments. The Deepwatch Managed Security Platform is trusted by the world’s leading brands to improve their security posture, cyber resilience, and peace of mind. Learn more at www.deepwatch.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240702006717/en/

For Deepwatch:

Noe Sacoco

SalientMG

408-340-8130

Noe@SalientMG.com

Source: Deepwatch

FAQ

Who is the new CEO of Deepwatch?

John DiLullo has been appointed as the new CEO of Deepwatch.

When did John DiLullo become the CEO of Deepwatch?

John DiLullo became the CEO of Deepwatch effective immediately as announced in a press release.

What is John DiLullo's background prior to joining Deepwatch?

John DiLullo was the CEO of LiveVox, acquired by NICE Systems in December 2023, and CEO of Lastline, acquired by VMware in 2020. He held roles at Forcepoint, F5 Networks, Cisco, HP/Aruba Networks, and Sonicwall.

What are the expectations for Deepwatch under the leadership of John DiLullo?

John DiLullo is expected to drive further growth and strengthen Deepwatch's leadership in the Managed Detection and Response market.

What achievements did Deepwatch make under the leadership of Charlie Thomas?

Under Charlie Thomas, Deepwatch's customer base grew 10-fold, and the company received numerous awards for product innovation and workplace culture.