Xage Security sees 420% revenue growth, appoints new CEO

PALO ALTO, Calif. – Zero trust cybersecurity solutions provider Xage Security has reported that demand for its zero trust cybersecurity mesh platform has driven year-over-year revenue growth of 420% in the first half of 2023 and a 560% growth in bookings over the same period.

As a result, Xage has named entrepreneur and cybersecurity executive Geoffrey Mattson as CEO to guide the company during this period of growth. Mattson brings with him decades of experience as a leader in R&D, product development, and go-to-market (GTM).

Previous CEO Duncan Greatwood has stepped into the role of executive chair of the Xage board. Greatwood will support Mattson in his leadership of Xage and contribute to the company’s vision and strategic direction as Xage accelerates its product and GTM investments.

“Geoff’s background is deeply rooted in both networking and cybersecurity, which positions him to appreciate what the Xage team has accomplished to date and to drive toward a future that is brimming with opportunities to ensure integrity, privacy and trust of industrial systems, data centers, and cloud,” said Duncan Greatwood, Xage Executive Chair. “With Geoff, we have a combination of visionary technical and product leadership, great experience building organizations, and excellent skills in engaging with customers and scaling GTM. We welcome him aboard to lead Xage on to even greater success.”  

Mattson’s past experience includes MistNet.ai, an AI-driven Cybersecurity platform, where he was a co-founder and CEO. Prior to that he led R&D and Product organizations in network and security startups focused on cloud-based security services, including Corona and Caspian. In addition, Mattson has worked for established companies like Juniper Networks in both general management and functional roles, accelerating innovation and growth.

“It's clear that the adoption of universal zero trust security is more critical than ever before and that the Xage platform is perfectly aligned with the demands of the moment,” said Geoffrey Mattson, CEO of Xage Security. “It’s a tremendous time to join this world-class team with its agent-free mesh-protected security fabric that has positioned the company as a leader in an increasingly interconnected world. I’m thrilled to take the helm at Xage and to support all our customers as they move to cyber harden their infrastructure and securely harness the power of digital transformation.”

Xage’s success is due to a mesh-based cybersecurity platform they’ve created called Xage Fabric, which protects critical infrastructure operations worldwide. Innovations in the product include Multi-layer Identity & Access Management and Multi-User Session Collaboration, both released in the past year. The company currently protects over 34 million megawatt hours of energy transported daily, more than one million assets and identities, and thousands of operational sites globally.

 Among its many other accolades, earlier this year Xage was also appointed to CISA's Joint Cyber Defense Collaborative ("JCDC") industrial control systems (“ICS”) working group, a partnership between US government agencies and private sector organizations focused on protecting operational technology.

More information about Xage Security and its products is available at xage.com.