Following quarter of record growth, new addition to leadership team ensures company will sustain momentum while continuing to innovate
SAN JOSE, California – Feb. 5, 2018 – Dtex Systems™, a leader in user behavior intelligence and insider threat detection, today announced it has appointed industry veteran Steve Holton as Chief Commercial Officer. Coming on the heels of a quarter of record growth for the company, this expansion of the executive leadership team ensures that Dtex is well equipped to continue to meet the increasing demand for scalable, intelligent security solutions.
In this newly created role, Holton will be responsible for all of Dtex’s go-to-market operations – including sales, marketing, and sales support functions. He most recently served as the President and Chief Revenue Officer (CRO) of Blancco Technology Group and has held CRO positions at leading companies such as Entrust, Webroot, Genesys, and Good Technology. Notably, as a founding employee and VP of Sales at RightNow Technologies (later acquired by Oracle), Holton built the sales organization from the ground up and grew the company’s revenue from $0 to $100 million in just five years.
“We’re seeing a notable shift in the maturity of the security market over the past year, as more and more enterprises recognize the need for an innovative, but sustainable, security approach,” said Christy Wyatt, CEO and President of Dtex. “Steve has a successful track record of building and scaling high-growth SaaS companies, and brings with him a laser focus on flawless execution and exceeding customer expectations. His expertise, along with his ability to lead and empower teams, is exactly what we need during this period of rapid growth.”
In the second quarter of its fiscal year, Dtex has seen record growth, including 140 percent growth in annual recurring revenue (ARR) and over 1000 percent growth in bookings year over year. The company has also reported a 140 percent increase in revenue and 60 percent growth in number of customers over the same period.
“There are few industries that are experiencing the explosive growth we’re seeing in enterprise security, and Dtex is right at the forefront,” said Holton. “This position combines my passion for building high-performance cultures with my experience in driving the repeatable, sustainable revenue growth that creates category leaders – and I’m incredibly excited to be here.”
For more information on Dtex and the company’s Advanced Enterprise DMAP Intelligence Platform, visit www.dtexsystems.com.
About Dtex Systems
Dtex Systems arms enterprises across the globe with revolutionary technology to protect against user threats, data breaches, and outsider infiltration. As the only solution combining unparalleled endpoint visibility with advanced analytics, Dtex is able to pinpoint threats with greater accuracy than traditional security methods without adversely impacting user productivity. To learn more, visit www.dtexsystems.com.