Cybersecurity firm Cobalt, founded in Berlin and now headquartered in San Francisco, has appointed a British CEO based out of its UK office.
The Pentest-as-a-Service company said Chris Manton-Jones, a former GM of international markets and SVP of worldwide sales at SaaS leader LogMeIn, would lead it through a new stage of expansion.
The company鈥檚 solution combines a highly skilled, closely vetted community of skilled pentesters with a technology platform. It enables real-time collaboration throughout a pentest and claims to launch a pentest in a fraction of the time compared with traditional consultancies.聽
In the past two years Cobalt has secured $29 million in Series B funding, doubled its global workforce, and was named to the Inc. 5000 list of fastest growing private companies. It counts more than a thousand businesses as customers including Hubspot, Verifone and Snow Software.聽聽
Cobalt plans to double its headcount and achieve 60% revenue growth.聽
鈥淭raditional pentests are not fit for purpose in the current security landscape,鈥� said Gajan Rajanathan, general partner at Highland Europe and a Cobalt board member.聽
鈥溊暇牌凡鑕s today require quality results, delivered as a service, in days rather than weeks or months. Cobalt is experiencing steeply accelerating demand for its Pentest-as-a-Service offering and Chris is a proven SaaS leader who knows how to harness this momentum.聽
鈥淗e brings a vision and proven track record of success, and is just the right person to lead Cobalt through this next phase of growth.鈥�
During six years at LogMeIn he spearheaded the expansion of the company鈥檚 LastPass product, which grew from $10 million to $150 million ARR. He previously held executive posts at Peregrine Systems (now HP), Witness Systems (now Verint), Unica and IBM, where he led the business unit through triple-digit growth in the span of two years.
Manton-Jones added: 鈥淚 am honoured to be Cobalt鈥檚 CEO. I see so much opportunity ahead of us, as we disrupt the world of traditional pentesting through a powerful mix of world-class pentesters coupled with a revolutionary SaaS platform.鈥�
Founder Jacob Hansen, who served as CEO since Cobalt鈥檚 inception in 2013, will remain as a board member.聽