SAN FRANCISCO–(BUSINESS WIRE)–Very Good Security (VGS), the fashionable commonplace for information safety, compliance, and custodianship, announced today the rent of Paul Machle as Chief Monetary Officer (CFO). The finance veteran joins VGS on the heels of a monumental 12 months for the corporate because it secured $60 million in new funding and greater than doubled its buyer base.
VGS’ Zero Knowledge™ method to safety and compliance eliminates organizations’ must retailer delicate info inside their very own programs. The corporate serves as a custodian for any kind of delicate information (funds, PII, well being information, and extra), changing it with artificial information that can be utilized rather than the unique values. This reduces prospects’ legal responsibility whereas expediting compliance certifications like PCI, SOC 2, HIPAA, and GDPR.
“I’ve at all times been keen about working with category-defining firms that provide a singular method to unravel long-standing challenges,” stated Paul Machle, CFO at VGS. “VGS’ compliance platform helps firms remodel what was once a value heart into a possibility for top-line progress. Prospects can construct their enterprise as a substitute of overhead. It’s thrilling to turn out to be a part of the workforce democratizing entry to best-in-class information safety and compliance for firms of all sizes.”
All through his profession, Machle has performed an integral function in strategically constructing and scaling industry-leading firms. Underneath his management at Gitlab, ARR grew from $600 thousand to over $150 million. Previous to Gitlab, Machle drove the profitable enterprise enlargement of Freeborders Inc. whereas additionally managing the corporate’s mergers and acquisitions. Machle has additionally held senior monetary positions with Exigen Group, Kanisa Inc., Sybase, and Ernst & Younger.
“We’re delighted to carry Paul on board,” stated Mahmoud Abdelkader, CEO and co-founder of VGS. “Paul’s strategic mindset and expertise scaling hyper-growth organizations are ideally suited to the subsequent section of VGS’ progress. I’m excited to companion with Paul as we increase our Zero Knowledge™ mission globally.”
About Very Good Safety
Very Good Safety (VGS) is on a mission to safe the world’s info. By offering important safety and compliance infrastructure, VGS’ ZeroData™ platform allows firms of all sizes to deal with their core enterprise as a substitute of constructing compliance overhead. VGS prospects retain the worth of delicate information with out the fee and legal responsibility of securing it themselves whereas additionally accelerating compliances like PCI, SOC 2, HIPAA, GDPR, and extra. Based in 2016, VGS is headquartered in San Francisco, California. For extra info, go to https://verygoodsecurity.com