Arctic Wolf Hires Former Nutanix CFO Ahead of Potential IPO
Arctic Wolf has hired former Nutanix CFO Duston Williams as chief financial officer (CFO). Williams arrives with IPO (initial public offering) experience — which may bode well for Arctic Wolf as it prepares for a potential IPO.
Williams previously led Nutanix to IPO in 2016. Earlier, he helped to take Gigamon Inc. and Infinera Corporation public, Arctic Wolf notes.
Arctic Wolf is a fast-growing provider of a cloud-based security operations platform. The platform supports managed detection and response (MDR), cloud security posture management (CSPM), and other capabilities that help MSPs, MSSPs and end-customers to strengthen their security postures, Arctic Wolf asserts.
Arctic Wolf: Multiple Steps Toward Potential IPO
Arctic Wolf has taken multiple steps in recent months to pursue a potential IPO in 2022. Key moves include:
- Acquiring Tetra Defense;
- expanding in Europe;
- hiring Sophos veteran Dan Schiappa as chief product officer;
- transitioning the CEO post to Schneider from Brian NeSmith;
- unveiling cloud security posture management (CSPM) tools; and
- raising $150 million in Series F funding at a $4.3 billion valuation.
Next up? That Series F funding is considered “late stage” funding, and typically points the way to an IPO…
Arctic Wolf Hires Duston Williams as CFO: Executive Perspectives
In a prepared statement about Williams arriving as CFO, Arctic Wolf CEO Nick Schneider said:
“Duston’s proven and widely recognized financial leadership in driving and managing sustained revenue growth in multi-billion dollar companies will be a tremendous asset to Arctic Wolf. We believe his extensive experience helping companies grow while maintaining an exceptional financial profile will be instrumental in enabling us to scale as a global leader and capitalize on the market opportunity for security operations.”
Added Williams:
“I am thrilled to join the outstanding leadership team at Arctic Wolf. Arctic Wolf has demonstrated its ability to grow and I see a tremendous opportunity ahead to continue advancing its business performance into a world-class, global enterprise.”
Williams succeeds Gregor McCole, who shifts to senior VP of financial planning and analysis (FP&A).
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