EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Arctic Wolf®, a leader in security operations, today announced that Nick Schneider, president and chief revenue officer, has been appointed as chief executive officer, succeeding Brian NeSmith who will serve as executive chairman of the Board of Directors.
Schneider has been the driving force behind Arctic Wolf’s explosive growth and market leadership, securing remarkable 100% growth in year-over-year ARR for each of the last seven years. He has a proven track record in building hypergrowth companies, with superior financial performance and best-in-class go-to-market strategy. On the heels of massive market success, Arctic Wolf is now the go-to solution for mid-market and enterprise organizations looking for modern, world-class security operations. The company has reported 438% year-over-year ARR growth in large enterprise customers. As the pioneer of the first full-scale, cloud-native Security Operations platform, Arctic Wolf is the fastest-growing company at scale in the fastest-growing area of the cybersecurity market, with a most recent valuation of $4.3 billion.
“We are in rarefied air, as few enterprise technology companies have ever reached our scale of growth and velocity, and I am thrilled to lead the company through the next phase of growth and market leadership as CEO,” said Nick Schneider, chief executive officer, Arctic Wolf. “I look forward to working with Brian side-by-side in his new role as executive chairman. I believe we have a greenfield opportunity ahead and are at the tip of the iceberg in terms of our market potential, and I am thrilled to lead the team as we continue to expand our leadership and product innovation.”
“Nick has an incredible track record of leading and growing successful technology companies, and I am confident that he is the best possible leader to usher the company into its next phase of growth and global expansion. I look forward to supporting him in my new role as we continue to execute on our strategy and break new records,” said Brian NeSmith, executive chairman of the Board of Directors, Arctic Wolf.
About Nick Schneider
Schneider brings more than 15 years of success in scaling high-tech companies, driving customer and partner acquisition, and expanding a global sales footprint. As a veteran in the security industry, he has deep expertise in building global, high-growth organizations spanning both emerging and established markets. His proven success in establishing world-class sales organizations is the engine behind Arctic Wolf’s explosive growth and consistent revenue generation. In his previous roles, Nick led teams through an IPO and as part of Dell, a publicly traded company, maintaining a sharp focus on growth and customer acquisition.
About Arctic Wolf:
Arctic Wolf® is the market leader in security operations, pioneering the first cloud-native security operations platform to end cyber risk. Leading the industry with threat telemetry from endpoint, network, and cloud sources, the Arctic Wolf® Platform, supported by the original Concierge Security® Team is the last line of defense for thousands of organizations worldwide. The Arctic Wolf Platform and Concierge Security experts make it fast and easy for organizations of any size to stand up world-class security operations that continually guard against attacks in an efficient and sustainable way.
For more information about Arctic Wolf, visit arcticwolf.com or follow us at @AWNetworks, on LinkedIn or Facebook.
© 2021 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Arctic Wolf Platform, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Cloud Monitoring, Arctic Wolf Managed Security Awareness, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.
