ANN ARBOR — Cybersecurity provider Duo Security announced this week that Neville Letzerich has been named chief marketing officer, in what some expert contend is more proof the Ann Arbor Unicorn is preparing for an Initial Public Offering.
Company officials said Letzerich brings 20 years of executive experience heading global marketing teams and elevating industry-leading enterprise technology and cybersecurity brands.
Letzerich’s appointment as Duo’s first CMO marks the latest milestone in the eight-year-old company’s accelerating growth trajectory. In 2017, Duo raised $70 million in Series D financing at an over $1 billion valuation, as well as surpassed $100 million in annual recurring revenue. The company also recently appointed Silicon Valley-based technology leader Sydney Carey as Chief Financial Officer, who comes from high-growth private and public software-as-a-service companies, including Apttus, ZScaler, MongoDB and Tibco.
Joining Duo’s office in Austin, Texas, Letzerich comes to Duo from HotSchedules, where he served as CMO for the cloud-based provider of technology solutions for the restaurant and hospitality industries. Previously, as CMO of cybersecurity provider Forcepoint, LLC (formerly Websense), Letzerich oversaw global marketing efforts that served over 150 countries.
He also held executive leadership positions over global marketing, sales, product and engineering teams at companies including BazaarVoice and the Information Intelligence Group within the EMC Corp.
“Duo is on a mission to build an enduring company for our customers,” said Dug Song, Co-founder and CEO of Duo Security. What we deliver to the market is more critical than ever. Neville’s breadth of experience combined with our already incredibly strong team will help us shape the security market for what’s next.”
Duo has also introduced Duo Beyond, the first commercially available BeyondCorp implementation, which drastically improves and simplifies how security teams grant employees access to corporate applications and data based on a zero-trust model.
“We live in an increasingly mobile and cloud-based world,” Letzerich said. “The way organizations secure data has never been more important. I was drawn to Duo’s passion for making security easy, accessible and effective for everyone.”
To see the full Duo management and board, visit duo.com/about.
This story appeared in Technology Century.