2008-12-01 15:39:00 -
Symark International, developer of the PowerSeries" identity and access management solutions for heterogeneous IT environments, today announced the appointment of John Mutch to chief executive officer.
Mr. Mutch brings more than 25 years of experience in the business software industry, most recently as a founder and managing partner of MV Advisors, LLC, a strategic block investment firm that
provides focused investment and strategic guidance to small and mid-cap technology companies.
"John Mutch has a proven track record of building and leading successful technology organizations, and we are pleased to have him on board as the CEO of Symark to help the company continue to thrive," said Michael Triplett, managing director at Insight Venture Partners. "Mr. Mutch"s wealth of experience and demonstrated ability to successfully lead technology organizations to the next phase of growth in their lifecycles will enable Symark to reach its full value potential. Mr. Mutch will be responsible for all strategic and operational functions in the company."
Prior to his time with MV Advisors, LLC, Mr. Mutch served as president and CEO of Peregrine Systems, where he successfully restructured the company and sold it to Hewlett-Packard for $425 million. Prior to Peregrine, Mr. Mutch was president and CEO of HNC Software, where he nearly doubled company revenue and successfully spun out Retek in an IPO which returned more than $2.5 billion to shareholders. HNC Software was sold to Fair Isaac Corporation in August of 2002 for $825 million. Mr. Mutch currently serves on the Board of Adaptec Inc. (Nasdaq: ADPT) where he chairs the audit committee and he is the Chairman of the Board for Aspyra Inc. (Amex: APY). Mr. Mutch has also served on numerous public and private company boards. Mr. Mutch holds a master"s degree from the University of Chicago and a bachelor"s degree from Cornell University where he serves on the advisory board for the undergraduate school of business.
"I am excited to join Symark, especially as the company continues to expand its leadership position in the critical IT security sector of identity and access management," said Mutch. "Controlling access to sensitive information and systems is more vital than ever, and Symark"s commitment to developing high-quality solutions to meet these challenges has enabled the company to thrive. I look forward to helping Symark maximize its potential, and because Symark"s solutions are "must-have" technologies, I anticipate significant growth into 2009 and well beyond."
Symark"s PowerSeries solutions"including PowerBroker, PowerKeeper, PowerPassword and PowerADvantage"help organizations across all industries control privileged administrator and end-user access to IT systems and proprietary information across heterogeneous IT environments. Symark currently has more than 1000 customers worldwide, and its industry-leading technologies continue to help enterprises combat insider threat and comply with SOX, HIPAA, PCI DSS and other federal and industry regulations.
To listen to a podcast featuring a discussion with Mutch about his vision for Symark and the direction of the identity and access management market at large, please visit
www.symark.com/downloads/podcasts/JohnMutch.mp3.
About Symark International
Symark International is the leading provider of privileged identity and access management solutions for heterogeneous IT environments. Symark PowerBroker® enables granular delegation of administrative privileges while restricting UNIX/Linux root account access. Symark PowerPassword® provides UNIX/Linux user account management along with login and password security policies. Symark PowerKeeper® controls access to shared administrative accounts for servers, applications, and network devices for multiple platforms. Symark PowerADvantage® extends Microsoft® Active Directory"s centralized authentication, authorization, account access, policy enforcement and infrastructure management functionality to UNIX and Linux systems. All products offer a non-intrusive architecture, central administration, accountability at the systems level and detailed audit logs. Symark offers extensive expertise in enterprise computing security, and its products are backed by unmatched technical support. For more information, visit us at www.symark.com.
Symark Software
Ellen Libenson, 800-234-9072
elibenson@symark.com
or
Schwartz Communications, Inc.
Dan Borgasano, 415-512-0770
symark@schwartz-pr.com 
