Cobalt appoints Chris Manton-Jones as CEO

Cobalt, the leading pentest as a service (PtaaS) company, today announced Chris Manton-Jones as its new chief executive officer. The former GM of International Markets and SVP of Worldwide Sales at SaaS leader LogMeIn steps in as Cobalt enters a new phase of expansion marked by a doubling of headcount and 60% revenue growth.

“Traditional penetration testing is not fit for purpose in the current security landscape,” he said Gajan Rajanathan, General Partner at Highland Europe and Cobalt Board Member. “Companies today require high quality results delivered as a service in days rather than weeks or months. Cobalt is seeing strong growth in demand for its pentest-as-a-service offering, and Chris is a proven SaaS leader who knows how to capitalize on this momentum. He brings vision and a proven track record of success and is exactly the right person to lead Cobalt through this next phase of growth.”

“I am honored to be CEO of Cobalt,” he said Manton Jones. “I see so many opportunities ahead as we revolutionize the world of traditional pentesting through a powerful blend of best-in-class pentesters coupled with a revolutionary SaaS platform.”

Manton-Jones, a veteran software executive, joins Cobalt after a successful six-year career as General Manager, International Business and SVP of Worldwide Sales at LogMeIn. He led a cross-functional team and, among other notable accomplishments, led the expansion of the company’s award-winning LastPass product, which grew from $10M to $150M in ARR. Previously, he held senior positions at Peregrine Systems (now HP), Witness Systems (now Verint), Unica and IBM, where he led the business to triple-digit growth in two years.

Founder Jacob Hansen, who has served as CEO since Cobalt’s inception in 2013, remains on the board.

During Hansen’s eight years as CEO, Cobalt pioneered PtaaS and established itself as a pre-eminent provider in the category.

The company’s unique solution combines a highly skilled, vetted community of skilled pentesters with a technology platform. It enables real-time collaboration during a pentest, accelerating time to value while giving clients the ability to launch a pentest in a fraction of the time compared to traditional consulting firms. In the past two years, Cobalt secured $29 million in Series B funding, doubled its global workforce, and was named to the Inc. 5000 list of fastest-growing private companies. The company now counts more than a thousand companies among its customers, including Hubspot, Verifone and Snow Software. Cobalt appoints Chris Manton-Jones as CEO

Fry Electronics Team

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