SANTA CLARA, CA - September 12, 2006 - Vormetric, a leading provider of security solutions for protecting sensitive data from unauthorized access, today announced the addition of Ken Goldman, former Senior Vice President of Finance and Administration of Siebel Systems, to its board of directors. Mr. Goldman brings to Vormetric extensive experience that will be invaluable as Vormetric's growth continues to accelerate.
Ken Goldman served as Senior Vice President, Finance and Administration and Chief Financial Officer of Siebel Systems from August 2000 until the close of Oracle Corporation's acquisition of Siebel in January 2006. Prior to working at Siebel Systems, he served as Senior Vice President of Finance and Chief Financial Officer of Excite@Home. From 1992 to 1996, Mr. Goldman served as Senior Vice President of Finance and Chief Financial Officer of Sybase, Inc. Other Chief Financial Officer positions that Mr. Goldman has held were with Cypress Semiconductor and VLSI Technology.
Mr. Goldman earned his bachelor's degree in electrical engineering from Cornell University in 1971 and received his master's degree in business administration from Harvard Business School in 1974. He is a member and the former president of The Financial Executive Institute, Santa Clara chapter and was formerly an advisory council member of the Financial Accounting Standards Board. He is an advisory board member for the Harvard Business School California Research Center, a member of the West Coast Chief Financial Officer Roundtable, a member of the FEI Committee for Financial and Information Technology and a member of the NASDAQ's Issuer Affairs Committee. He served as a trustee on the board of The Menlo School, serves as a trustee on the board of Cornell University and serves as a director on the board of two public companies.
"Ken brings a wealth of business and financial experience to Vormetric," said Vormetric CEO Mark Pine. "We look forward to the contributions he will make to the future of the company."
"I'm excited to be involved in a company with great products that address one of the biggest challenges to businesses today -- data security," said Mr. Goldman. "I look forward to being able to contribute to the direction and success of the company."
Vormetric is the leader in data security management and enforcement solutions. Vormetric Data Security provides a centrally managed, high performance, easy-toimplement, distributed solution that solves the pressing compliance, security and risk management challenges facing today’s enterprises and government agencies. Vormetric’s application- and database-transparent solution outperforms other offerings to provide stronger and broader data security at a fraction of the management and implementation cost.
Vormetric’s more than 230 customers represent the world’s most trusted brands in financial services, retail, manufacturing, healthcare, media, energy and telecom industries as well as highly security conscious government agencies.
Vormetric technology has received strong market validation for its innovative approach to data security, including:
- Selection by IBM as the core database encryption solution for DB2 and Informix on LinuxTM, Unix® and Windows
- Computerworld Technology Innovation Award
- Selection by Symantec to provide the Symantec Veritas NetBackupTM Media Server Encryption Option
- Partnership with Oracle to secure the execution environment for Oracle® Database Vault
- Five patents issued and nine patents pending
Vormetric is a trademark of Vormetric, Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective owners.