ZEPHYR COVE, Nev., Oct. 6, 2015 /PRNewswire/ -- VirnetX Holding
Corporation (NYSE MKT: VHC), an Internet security software and
technology company, announced today that it has hired a team of
sales executives to advance the introduction of the Gabriel Secure
Communications platform and application suite to the commercial
market. The company has named Willard
Thomas as Vice President of Worldwide Sales and Mark McCoy and David
Chung as Regional Vice Presidents.
The new sales team will offer enterprise-scale implementations
of Gabriel Secure Communications Platform and Gabriel Collaboration
Suite for mid-size to large organizations who want to provide data
security for their employees, customers and partners. Members of
the new team have extensive sales backgrounds in enterprise, OEM
and channel sales for major software and networking companies which
included working with national accounts, resellers and government
agencies.
Willard Thomas, Vice President of
Worldwide Sales, will be the team leader reporting directly to the
CEO. His extensive experience includes; Vice President of
Sales for Celestix Networks and executive management positions at
Niksun, Network Intercept, StillSecure, Fortress Technologies and
RSA Security. He has been involved with security sales since
1999 and his expertise includes forensics- based cybersecurity,
network security and performance management, end point security,
network access control, wireless security, and embedded security
solutions. His enterprise sales experience includes selling to the
Fortune 500, SME, government and international markets. Thomas
holds a Bachelor of Science Degree in Business Administration from
the University of Michigan.
Mark McCoy, Regional Vice
President, will have responsibilities to include partnering with
OEM's, ODM's and the Europe
region. Most recently Vice President of Sales for
NeuroSky Inc., he has held executive management positions at,
Ecrio, PhoneSpots (SnapUp) Sensory Networks (IBM), Actividentity
(HID Global), Veritas (Symantec), and Novell. His
security expertise includes strong authentication, physical/
logical security, identity management, network security,
performance management, network access control, wireless security,
embedded security solutions and biometrics. He has licensed
technology to over 100 companies. McCoy holds a Bachelor of
Science Degree in Business Management, Computer Science and
Marketing from Missouri State University.
David Chung, Regional Vice
President, will be responsible for distribution partners,
specifically carriers, ISPs, channel partners and the Asia region. Recently a Director,
Partner Sales at NeuroSky, Inc., he has held key management
positions at Novell, One Touch Systems, ActivIdentity (HID),
Phoenix Technologies, Fortress Technologies, and iForem.
Involved with security sales since 2001, his expertise includes
working with industry partners to deliver multi-factor user
authentication, physical/logical access & control, data
protection, end point security, network access control, wireless
security, and embedded security solutions. He has enterprise sales
experience selling to the Fortune 500, SME, government and
international markets. Chung holds a Bachelor of Science
Degree in Agricultural Economics from the University of California at Davis.
"We are pleased to have this experienced team leading our
commercial sales efforts and to initiate relationships with OEMs
and service providers as well as resellers and integrators," said
Kendall Larsen, VirnetX CEO and
President. "Their unique combined skill sets will be a great asset
as we deploy Gabriel to commercial end users that want to secure
their corporate communications."
About Gabriel
The Gabriel Collaboration Suite™ is built on top of
the Gabriel Secure Communication Platform™. This platform
implements VirnetX's patented Gabriel Connection
Technology™ to allow Internet devices to instantly and
securely connect and communicate with each other.
The underlying technology is a virtual encrypted secure
communications infrastructure that overlays the physical
infrastructure of the Internet. It consists of software and network
services that enable automatic initiation of peer-to-peer (P2P),
peer-to-server, and server-to-server encrypted communication links
between computers.
These encrypted links or channels can support multiple sessions,
protocols and services. The core of the service is a mechanism that
intercepts DNS traffic and determines whether the domain being
accessed is a secure domain protected by VirnetX.
The Gabriel software automatically performs cryptographic peer
authentication and security policy enforcement. Private keys never
leave the peer platforms, and public keys are certified by
VirnetX signed digital certificates.
Online presence of users and devices are discovered through
domain name lookups and automatic registering and querying of our
connection servers.
Network address translation (NAT) and firewall device traversal
are achieved by automatic discovery and negotiation of relay
services when required on a peer-to-peer connection basis. When
relay services are mandatory, peer-to-peer encryption is maintained
and the relay server receives and forwards encrypted data packets
to maintain end-to-end data encryption.
Current applications easily available through the Gabriel
interface are Secure Mail, Secure Messaging, Secure Voice Call,
Secure Video Call and Secure Share & Sync.
For more information, please visit www.gabrielsecure.com
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE security. The Company's
software and technology solutions, including its secure domain name
registry and Gabriel Connection Technology™, are designed to
facilitate secure communications and to create a secure environment
for real-time communication applications such as instant messaging,
VoIP, smart phones, eReaders and video conferencing. The
Company's patent portfolio includes over 112 U.S. and international
patents and over 75 pending applications. For more
information, please visit www.virnetx.com
Forward Looking Statements
Statements in this press
release that are not statements of historical or current fact,
including statements regarding the strength of VirnetX's
intellectual property, constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are based on
expectations, estimates and projections about the markets in which
the Company operates, management's beliefs, and certain assumptions
made by management and involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements, including but not limited to
(1) the outcome of any legal proceedings that have been or may be
initiated by the Company or that may be initiated against the
Company, including pending and future inter partes review
proceedings in the Patent and Trademark Office; (2) the ability to
capitalize on the Company's patent portfolio and generate licensing
fees and revenues; (3) the ability of the Company to be successful
in entering into licensing relationships with its targeted
customers on commercially acceptable terms; (4) potential
challenges to the validity of the Company's patents underlying its
licensing opportunities; (5) the ability of the Company to achieve
widespread customer adoption of the Company's Gabriel Communication
Technology™ and its secure domain name registry; (6) the level of
adoption of the 3GPP Series 33 security specifications; (7) whether
or not the Company's patents or patent applications may be
determined to be or become essential to any standards or
specifications in the 3GPP LTE, SAE project or otherwise; (8) the
extent to which specifications relating to any of the Company's
patents or patent applications may be adopted as a final
standard, if at all; and (9) the possibility that Company may be
adversely affected by other economic, business, and/or competitive
factors. In addition to statements which explicitly describe
such risks and uncertainties, readers are urged to consider
statements labeled with the terms "believes," "belief," "expects,"
"intends," "anticipates," or "plans" to be uncertain and
forward-looking. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described from time to time in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including those under the heading "Risk Factors" in
Company's Quarterly Report on Form 10-Q filed with the SEC on
August 10, 2015. Many of the
factors that will determine the outcome of the subject matter of
this press release are beyond the Company's ability to control or
predict. Except as required by law, the Company is under no
duty to update any of the forward-looking statements after the date
of this press release to conform to actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
775.548.1785
ir@virnetx.com
VirnetX, Gabriel Collaboration Suite, Gabriel Secure
Communications Platform and GABRIEL Connection Technology are
trademarks of VirnetX Holding Corporation. Other company and
product names may be trademarks of their respective owners.
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SOURCE VirnetX Holding Corporation