Covelight Systems Names Spencer Snedecor Chief Executive Officer
Silicon Valley Veteran Tapped To Spearhead Strategic Vision and Business Development of Research Triangle IT Security Start-up
CARY, NC, February 8, 2005 – Covelight, an innovator of solutions that ensure business use and regulatory compliance, today announced that Spencer Snedecor has been named Chief Executive Officer (CEO). He is tasked with driving Covelightâ€™s strategic vision, expanding its sales opportunities, and growing the companyâ€™s position as the first provider of products that tackle fraud, misuse and abuse by authenticated web-application users. Mr. Snedecorâ€™s appointment is effective immediately. With over twenty-five years experience as a technology business executive, Snedecor comes to Covelight from security encryption software vendor, PGP Corporation, where he served as a founding executive and vice president of sales.
â€œSpencerâ€™s leadership and proven track record for helping grow IT security companiesâ€™ sales exponentially, coupled with the cutting-edge technology that Covelight has developed, is a perfect fit to take the organization to the next level,â€ said Kip Frey, Covelight board member and partner with Intersouth Partners. â€œSpencerâ€™s agreeing to take the helm is a testament not only to the phenomenal development strides that the Covelight team has made to date, but also points to the exciting prospects for the company.â€
Prior to joining PGP Corporation, Snedecor has also held executive positions with Network Associates and Symantec, where he was responsible for growing security sales in a multitude of disciplines, including direct, channel and government sales.
â€œWhen the opportunity to lead this exciting company presented itself, my decision was an easy one,â€ said Snedecor. â€œCovelight has developed a first-of-its-kind technology for policing the users of webenabled enterprise applications. I am extremely excited about being a part of this talented team and look forward to bringing our solutions to the marketplace in an aggressive manner. There is a vast opportunity to succeed at a time when every enterprise understands the value of protecting their information assets and that policies and controls cannot be taken for granted.â€
About Covelight Systems
Covelight Systems is an innovator of solutions that detect theft, fraud and abuse of critical web-enabled assets. The companyâ€™s patent-pending solutions deliver actionable intelligence in the form of real-time incident detection and notification, operational and security analytics, and extensive forensic audit trails to ensure an enterpriseâ€™s web-application user community is held accountable. Founded in 2002, the company is headquartered in Cary, North Carolina. For additional information about the company's products and services, visit: www.covelight.com.