Invicti Security Appoints Gerhard Watzinger as Chairman of the Board

Technology innovator joins the Board alongside Invicti investors from Summit Partners and Turn/River Capital

AUSTIN, TX - June 1, 2022 - Invicti Security™ today appointed esteemed cybersecurity industry veteran and investor Gerhard Watzinger as Chairman of the Board. Watzinger joins board members Michael George, CEO of Invicti, Scott Collins and Sophia Popova of Summit Partners, and Dominic Ang and Joanne Yuan of Turn/River Capital. Along with his integral role in Crowdstrike’s creation and serving as chairman of the board since 2012, Watzinger also currently is a member of the board at Mastech Digital, Absolute Software, and KnowBe4. He brings a deep focus and storied career within cybersecurity and was a key driver behind McAfee’s 2010 acquisition by Intel, which resulted in a record-making $7.7B transaction. In his personal time, Watzinger is an internationally accomplished race car driver, competing in over 11 countries, earning 73 podium medals, and winning the coveted 24-hour endurance Sebring and Dubai races. “The cybersecurity landscape is not unlike the race track. Navigating it requires both a proactive and a defensive approach and a constant pulse for what lies ahead,” said Watzinger. “I’ve had the privilege to be at the forefront of some of cybersecurity’s biggest waves. Application security is the wave of our time, and Invicti is the clear leader, with a modern approach and the technical horsepower to make and keep customers secure.” “On the track and in the Boardroom, Gerhard has earned a reputation for speed, innovation, and fearless leadership,” said Michael George, Invicti CEO. “It’s an honor to welcome Gerhard to Invicti as Chairman of the Board as we continue to deliver on our promise to dynamically test applications at scale, with a high degree of accuracy without the false positives. His commitment here is a resounding endorsement of the leadership position we hold in securing applications efficiently and effectively.” Watzinger’s appointment comes on the heels of more record growth for Invicti. Last month, the company was named a Challenger in the Gartner Magic Quadrant for Application Security Testing and welcomed new CMO Alex Bender and SVP Engineering John Mandel. In 2021, Invicti grew annual recurring revenue (ARR) by 50% and added nearly 750 new customers. The company expects to expand its employee base by as much as 40% this year. About Invicti Security: Invicti Security is transforming the way web applications are secured. An AppSec leader for more than 15 years, Invicti enables organizations in every industry to continuously scan and secure all of their web applications and APIs at the speed of innovation. Invicti provides a comprehensive view of an organization’s entire web application portfolio, and powerful automation and integrations enable customers to achieve broad coverage of even thousands of applications. Invicti is headquartered in Austin, Texas, and serves more than 3,600 organizations of all sizes all over the world. For more information, visit our website or follow us on LinkedIn. Media Contact: Chelsea Glosser Invicti Security chelsea.glosser@invicti.com