Damballa Appoints David Scholtz Vice President of Global Alliances

Former McAfee executive to help expand worldwide partnerships and channels

ATLANTA--(BUSINESS WIRE)--Damballa Inc., the company transforming the fight against cyber threats, today announced that David Scholtz has joined its management team as the vice president of global alliances. Scholtz has 25 years of technology industry experience and a track record of success implementing leveraged go-to-market strategies.

“Expanding Damballa’s global presence and routes to market through strategic alliances not only supports our growth, but also enables us to learn about new threats and continuously expand our defenses against them.”

Reporting to the CEO, Scholtz will execute a global alliance strategy focusing on developing partnerships with major IT companies in and around the security, network infrastructure and related services landscape worldwide. Recently, Damballa announced it closed $15 million in growth funding to help accelerate sales and distribution to meet the rising market demand for the company’s advanced threat protection solutions.

“Our exceptional team is the key to our growth and competitive technological advantage in the security market with enterprises in all industries,” said Val Rahmani, CEO, Damballa. “Dave is a valuable addition to Damballa due to his deep security industry knowledge and business successes. We’ve seen strong interest from a variety of prospective partners, and I know that Dave will create some important alliances.”

Over the past 10 years, Scholtz was a member of global leadership teams at McAfee and Mercury, which achieved nearly $2B in cumulative revenue growth and were acquired for a collective $12.3B. As SVP, Global Alliances at McAfee, Scholtz’s team was responsible for the alliances, joint go-to-market offerings, technology integrations and embedded/OEM sales with McAfee’s strategic partners worldwide. Before joining McAfee, Scholtz was vice president of Worldwide Alliances & Channel Programs at HP Software, which had acquired Mercury Interactive, where he was vice president of Americas Alliances & Channels. Prior to Mercury, Scholtz started his career at Accenture (then Andersen Consulting), later sold enterprise software and was a founder in two technology startups. Scholtz earned a BA degree in International Relations from Stanford University.

“I’m delighted to be joining Damballa. The company’s technology and research findings are industry game-changers as evidenced by the growing list of corporations that rely on our software to combat the growth in advanced and sophisticated network attacks,” said Scholtz. “Expanding Damballa’s global presence and routes to market through strategic alliances not only supports our growth, but also enables us to learn about new threats and continuously expand our defenses against them.”

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About Damballa

Damballa is a pioneer in the fight against cybercrime. Damballa provides the only network security solution that detects the remote control communication that criminals use to breach networks to steal corporate data and intellectual property, and conduct espionage or other fraudulent transactions. Patent-pending solutions from Damballa protect networks with any type of server or endpoint device including PCs, Macs, Unix, smartphones, mobile and embedded systems. Damballa customers include mid-size and large enterprises that represent every major market, telecommunications and Internet service providers, universities, and government agencies. Privately held, Damballa is headquartered in Atlanta. http://www.damballa.com