Deepwatch Names Mel Wesley as Chief Financial Officer

Rhea-AI Summary

Deepwatch has appointed Mel Wesley as its new Chief Financial Officer (CFO). With over 25 years in finance, including a successful track record in technology companies, Wesley will oversee finance, legal, and corporate development during the company's rapid growth phase. Notably, he has experience managing financial transactions and exits totaling nearly $3 billion and has previously served as CFO for companies like comScore (NASDAQ: SCOR) and FireEye (NASDAQ: FEYE). Deepwatch recently achieved 100% year-over-year sales growth and received a $180 million investment to further accelerate its innovation and expansion efforts.

Positive

• Appointment of Mel Wesley as CFO, enhancing leadership talent.
• Record-breaking 100% year-over-year sales growth.
• Secured $180 million investment to support growth and innovation.

Negative

• None.

Successful finance and cybersecurity industry veteran to support rapid growth

TAMPA, Fla.--(BUSINESS WIRE)-- Deepwatch, the leader in advanced managed detection and response (MDR) security, announced today the appointment of Mel Wesley as Chief Financial Officer (CFO). Wesley is a seasoned finance executive with over 25 years of experience in financial planning, analysis, and operational finance, with a proven track record of driving growth and building high-performance finance teams. For the past 18 years, he has served as CFO for publicly traded and private technology companies. As Deepwatch’s CFO, Wesley will support the Company during hyper-growth while overseeing finance, legal and corporate development.

Mel Wesley joins Deepwatch as CFO. (Photo: Business Wire)

“Mel is a proven CFO with a superior track record of creating value and delivering results in fast-growing organizations,” said Charlie Thomas, Deepwatch CEO. “He is an extremely talented executive who understands scaling and operational excellence. He will play an important role as we execute the next phase of Deepwatch.”

In the last ten years as a CFO, Wesley supported three companies through financial transactions and exits totaling nearly $3 billion. As CFO, he has managed investor relations, directed IPO-readiness efforts and raised significant equity and debt.

Wesley remains on the Board of Directors of Cofense, Inc. (formerly PhishMe, Inc.), where he previously served as the CFO before joining Deepwatch. During his tenure as CFO, he supported the Company’s growth initiatives and IPO-readiness efforts, and steered the Company through a significant sale for $400 million.

Before that, Wesley held multiple CFO positions. During his tenure at comScore, Inc. (NASDAQ: SCOR), the Company purchased and merged with another public company. During his tenure at Mandiant Corporation, the Company was sold to FireEye, Inc. (NASDAQ: FEYE) for over $1 billion. Wesley remained at FireEye as CFO of Global Services and Cloud Solutions, supporting integration efforts. During his tenure at OPNET Technologies (NASDAQ: OPNT), the Company’s revenue grew from $50 million to $175 million before the company sold for over $1 billion.

“I’m excited to join Deepwatch during a time of significant opportunity. The company and its talented leadership team have made tremendous progress in a very short period of time,” said Wesley. “I look forward to helping further advance Deepwatch’s market leadership and moving the company forward.”

Wesley joins the Deepwatch executive team following a record-breaking 2022 with 100 percent year-over-year sales growth and continued expansion of its partner ecosystem. Deepwatch recently announced a $180 Million investment from Springcoast Capital Partners, Splunk Ventures and Vista Credit Partners, a subsidiary of Vista Equity Partners, to accelerate growth and innovation. The Company was also recently named a Great Place to Work® for the third consecutive year.

About Deepwatch

Deepwatch is the leader in managed security services, protecting organizations from ever-increasing cyber threats 24/7/365. Powered by Deepwatch’s cloud security platform, Deepwatch provides the industry’s fastest, most comprehensive detection and automated response to cyber threats together with tailored guidance from dedicated experts to mitigate risk and measurably improve security posture. The world’s leading companies, from the Fortune 100 to mid-sized enterprises, trust Deepwatch to protect their business. Visit www.deepwatch.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005573/en/

Danielle Ostrovsky

Hi-Touch PR

410-302-9459

Ostrovsky@Hi-TouchPR.com

Source: Deepwatch

FAQ

Who is the new CFO of Deepwatch?

Mel Wesley has been appointed as the new CFO of Deepwatch.

What is Mel Wesley's experience before joining Deepwatch?

Wesley has over 25 years of experience in finance, previously serving as CFO for companies such as comScore, FireEye, and OPNET Technologies.

What financial accomplishments does Mel Wesley have?

Wesley has managed financial transactions and exits totaling nearly $3 billion.

What recent growth did Deepwatch achieve?

Deepwatch reported a record 100% year-over-year sales growth.

How much investment has Deepwatch secured recently?

Deepwatch recently secured a $180 million investment to accelerate growth.