Pindrop Security Adds Engineering And Marketing Leadership

PRESS RELEASE

ATLANTA – June 5th, 2012 – Pindrop Security, the innovative security company that provides the most accurate and comprehensive phone fraud detection solution by analyzing the audio content of a phone call to determine deception attempts, announced today the addition of two key executives. Lamar Willis joins as Vice President of Engineering and Matt Anthony joins as Vice President of Marketing. The addition of Willis and Anthony enables Pindrop to strategically support its rapid sales growth and aggressive product development roadmap.

"Lamar and Matt bring a wealth of experience in serving the world’s most demanding enterprise customers," said Pindrop CEO Vijay Balasubramaniyan. "Phone fraud is a huge problem. With our technology able to provide the first real solution to address this problem, we are growing very quickly. Lamar and Matt have the experience that we need to scale.”

Lamar Willis most recently served as Director of Engineering, Cloud Services at Barracuda Networks. Lamar joined Barracuda as part of the acquisition of Purewire in 2009. He was VP of Engineering at Purewire, a SaaS-based web security company. Lamar was responsible for all aspects of product strategy, development and support. Prior to Purewire, Lamar held engineering positions at Secure Computing, CipherTrust and Spectrum Software. For the first 13 years of his career Lamar held a variety of technical positions at AT&T, including the renowned Bell Labs division.

“There is growing demand for Pindrop’s solutions in the world’s largest financial institutions. I am pleased to bring two guys on board that I’ve built great companies with before,” said Pindrop Executive Chairman Paul Judge. “Lamar and Matt’s proven leadership experience and passion for innovation will help take Pindrop to the next level.”

Matt Anthony recently served as Director of Marketing at Dell, which acquired SecureWorks in 2011. Anthony spent 5 years at SecureWorks as Vice President of Marketing in a variety of roles with responsibilities that included product and segment marketing, demand generation, event and interactive marketing. Prior to SecureWorks, Matt was Director of Marketing at CipherTrust for 5 years, where he was one of the earliest employees. CipherTrust was acquired by Secure Computing. Anthony spent the early years of his career at Dell Computer.

“I’m thrilled to join such an accomplished team as they take on a critical security issue. The weakness of the phone channel leaves financial institutions and other companies very vulnerable costing them money in terms of both losses and dissatisfied customers,” said Anthony. “Pindrop’s disruptive technology is the first solution to stop phone fraud before it happens and we are focused on helping banks stop these criminals.”

About Pindrop Security

Pindrop Security provides enterprise solutions that help prevent phone-based fraud. Its acoustical fingerprinting technology detects fraudulent calls and authenticates legitimate callers, helping customers eliminate financial losses and reduce operational costs. Pindrop’s breakthrough technology is the first of its kind to fingerprint individual phone calls, providing verification of caller provenance. Recently named one of the 10 Most Innovative Companies at the 2012 RSA conference and a Gartner “Cool Vendor” in Enterprise Unified Communications and Network Services for 2012, Pindrop’s solutions help companies feel more confident in the security of phone-based financial transactions. www.pindropsecurity.com