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WatchGuard appoints former SafeNet chief as new CEO

WatchGuard appoints former SafeNet chief as new CEO

"2014 was a record year for WatchGuard in terms of growth, product innovation, and industry awards."

WatchGuard Technologies has named Prakash Panjwani as its new Chief Executive Officer, joining interim CEO, Mike Kohlsdorf, on the company’s Board of Directors.

Seen as a “proven information security executive”, Panjwani has spent the last 12 years with data protection firm SafeNet. Before becoming the CEO of SafeNet, he was the Senior Vice President and General Manager of the company’s rapidly growing Data Protection group.

“2014 was a record year for WatchGuard in terms of growth, product innovation, and industry awards,” Kohlsdorf says.

“To keep that momentum going, we’re excited to announce Prakash Panjwani has joined the WatchGuard team as its new CEO.

"Prakash helped SafeNet grow from a small start-up to one of the industry’s leading data security companies.

“His keen understanding of the security space, combined with his leadership expertise will help ensure WatchGuard continues to deliver powerful security solutions to organisations around the world.”

While at SafeNet, Panjwani led the strategic acquisition of 12 companies including Aladdin Knowledge Systems and Cryptocard.

Furthermore, he spearheaded the software division’s transformation from a copyright protection offering into a modern software monetisation platform.

Panjwani also refocused the company’s data protection product portfolio on three rapidly growing markets – crypto management, data encryption, and authentication – and successfully executed against a highly aggressive product development and go-to-market plan.

SafeNet was sold to Gemalto for US $890 million, a transaction that closed in January 2015.

“Threat management and network security continues to be top of mind for companies of all sizes,” Panjwani adds.

“WatchGuard has built a great reputation in the industry as a leading provider of solutions in this space, bringing new products to market and receiving a tremendous amount of industry recognition in the process.

“I couldn’t be more enthusiastic to take what Mike Kohlsdorf and his team have built over the last year.

“I am excited to build on that success, working with a talented WatchGuard team and established channel partner base, to deliver best-in-class security solutions to customers worldwide.”

Prior to SafeNet, Panjwani held various management positions at Certicom Corporation, Motorola and Telcordia.

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