ExtraHop, the leader in cloud-native network detection and response, recently announced that Patrick Dennis has been named the company’s chief executive officer. Dennis’ appointment follows outgoing CEO Arif Kareem’s decision to retire.
Dennis’ appointment follows a record-setting year for ExtraHop. In 2021, the company grew annual recurring revenue (ARR) by 47% to nearly $140 million, spurred by 54% year-over-year growth in new customer acquisition and rapid adoption of its Reveal(x) 360 SaaS offering. ExtraHop also experienced 44% growth internationally with an expanding footprint in strategic markets including Japan, Germany, Australia, and the Middle East.
“While cybersecurity technologies have evolved over the past decade, they have not kept up with the speed and impact of modern threats like double-extortion ransomware and software supply chain attacks,” said Dennis. “A new layer of defense is required to stop attackers that have infiltrated the enterprise. ExtraHop has pioneered an approach that provides universal visibility, understands attacker behavior, and stops post-compromise activity before it can lead to a damaging breach. ExtraHop’s innovation, team, and culture are second to none and I’m excited to lead this next stage of growth for the company.”
Dennis has nearly 25 years of experience leading high-growth public and private companies in the security and information technology markets including CEO roles at Guidance Software and Alvaria, and leadership positions at EMC and Oracle. His vision and leadership have helped companies like ExtraHop achieve multi-year growth through strategic product investments, international expansion, and a customer-centric approach.
As ExtraHop CEO, Dennis will work closely with company leadership, including co-founders , Jesse Rothstein and Raja Mukerji, as well as the board of directors to accelerate key strategic priorities for the business. These priorities include growth in the enterprise segment and expanding ExtraHop’s international impact. Under his leadership, the company also plans to expand cloud security innovation to provide universal visibility and advanced threat defense for cloud workloads.
“From the beginning, my co-founder, Raja Mukerji, and I have worked to build a company that not only meets but anticipates the needs of our customers,” said Jesse Rothstein, co-founder and CTO at ExtraHop. “Raja and I look forward to working with Patrick as we continue our mission to help our customers defend against the most advanced threats.”