PRESS RELEASE: Fornetix Eyes Rapid Growth After Welcoming New Chief Executive Officer

September 04, 2019 / by Fornetix

FREDERICK, MARYLAND – Fornetix, an industry pioneer in enterprise encryption management technology, is pleased to publicly announce Mark P. Gilroy as the company’s new Chief Executive Officer. Mr. Gilroy joined the Fornetix team last October in an interim role, during which time he brought considerable experience, passion, and momentum to the unique encryption solutions being delivered by Fornetix.

“The Board of Directors is delighted to welcome Mark to the Fornetix family. After a thorough search process involving a number of fantastic candidates, it was clear that Mark stood out as someone who could drive a new culture of growth at Fornetix,” says Douglas Jacobsen, Chairman of the Fornetix Board. “Mark’s diverse background in multiple industries brings a level of business perspective that has already proven invaluable to our team.”

Prior to taking the helm at Fornetix, Mr. Gilroy has been a global executive for over 20 years in the satellite, telecommunication, and technology industries with deep experience leading companies through periods of significant growth while overseeing customer relationships and joint ventures. These leadership roles included Loral Space & Communications, First Pacific, ProtoStar, as well as the founding of several technology ventures.

Charles White, Chief Technology Officer and Co-Founder of Fornetix, says, “Since the very beginning of Fornetix, our goal has always been to deliver orchestration of encryption and encryption keys in a way that makes it simple and easy for organizations in any industry to leverage the benefits of cryptography as broadly as possible. This mission made an immediate impact on Mark, who has quickly envisioned creative applications of Fornetix technology in a broad range of sectors.”

“It’s an exciting time at Fornetix as the global need for encryption skyrockets,” says CEO Mark Gilroy. “The age of IoT networks and the increase in privacy regulations around the world means organizations can no longer ignore the strengths and benefits of encryption in their security strategy. From global automakers to the U.S. intelligence community, Fornetix is a trusted ally that brings the security of enterprise infrastructure under one roof.”

deploymentsFornetix® VaultCoreTM is the only enterprise key manager with the capacity and horsepower to manage hundreds of millions of encryption keys, the number required by cutting-edge IoT networks and applications. This unmatched scalability empowers organizations to build a data security strategy with encryption as the bedrock foundation — no compromises needed. Powerful tools for automating the key lifecycle, enforcing cryptographic policies, and rapidly integrating with the most popular IT services and technologies sets a new standard and opens new opportunities for broad encryption deployment. To request a demo and explore how Fornetix can bring powerful encryption to your organization, please click here.

Note: This entry has been edited to reflect the 'Key Orchestration' solution name becoming 'VaultCore'

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