News Releases - 2020

• McMartin held CFO, COO positions at SailPoint Technologies as the company grew from $15M revenue to current valuation of more than $2.2B
• Board addition follows $10M Series A funding round co-led by McKinsey & Company and Bill Wood Ventures
• McMartin brings experience and insights into scaling high-growth companies

AUSTIN, Texas--(BUSINESS WIRE)-- Praetorian, a cybersecurity company on a mission to make the world safer and more secure, announced today the addition of former SailPoint Technologies executive Cam McMartin to its board of directors.

McMartin brings proven experience in scaling businesses. He joined SailPoint in 2011 as Chief Financial Officer, driving SailPoint’s growth from a financial as well as from an operational standpoint, before becoming Chief Operating Officer in May 2019. During his tenure, SailPoint completed a $1 billion IPO in 2017 and reached its current valuation of more than $2.2 billion. At the end of 2019, McMartin left SailPoint’s executive leadership team and joined its board of directors.

“Cam was brought into SailPoint when they were in a similar financial position that we are today and guided them to tremendous success,” said Praetorian Founder and CEO Nathan Sportsman. “He has the experience and expertise we need to realize our full potential. We’re thrilled to get his incredible insights on scaling a company.”

McMartin joins Bill Wood, general partner at Bill Wood Ventures, on Praetorian’s board along with board observer Kevin Buehler, Senior Partner and global leader of McKinsey’s cybersecurity practice.

“Praetorian’s security architecture and engineering capabilities are second to none,” said McMartin. “Many of the world’s largest companies trust them for their cybersecurity needs and their future looks wide-open.”

Following the company’s $10 million Series A funding round, Praetorian sets its sights on expanding the company and hiring experts in artificial intelligence as it pursues rapid growth over the next several quarters.

“Cam was SailPoint’s key operations leader that scaled their revenues from $15 million to $250-300 million,” said Wood. “His experience in finance, as well as operations, will help Praetorian successfully navigate its future.”

Before SailPoint, McMartin served as Managing Director and Chief Financial Officer for CenterPoint Ventures, a $425 million venture capital group. Prior to CenterPoint Ventures, McMartin held senior financial management positions with several corporations, including Chief Financial Officer at Convex Computer (NYSE: CNX) and Senior VP, Operations at Dazel.

About Praetorian

Praetorian is a cybersecurity company whose mission is to make the world safer and more secure. Through expertise and engineering, Praetorian helps today's leading organizations solve complex cybersecurity problems across their critical enterprise assets and product portfolios. At Praetorian, we are bringing together the world's security expertise to solve the cybersecurity problem and secure the next wave of innovation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200219005253/en/

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Ethan Parker

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Source: Praetorian