SAN JOSE, Calif .– (COMMERCIAL THREAD) – Versa Networks, the leader in Secure Access Service Edge (SASE), today announced that it has appointed former Chief Financial Officer of Medallia and NetSuite, Lalit Kumar, as Senior Chief Financial Officer (CFO). Mr. Kumar joins Versa to further develop the financial infrastructure, teams and processes that will increase the company’s already impressive growth.
“Great people make world class products and serve great companies,” said Mr. Kumar. “The opportunity to work with the most talented minds and serve the most demanding customers is why I am so excited to be the senior CFO of Versa Networks. I look forward to building the financial organization and helping Versa take it to the next level.
Mr. Kumar is a seasoned leader in SaaS growth finance with over 20 years of experience leading business growth, including multiple successful exits. Most recently, he was at Medallia (NYSE: MDLA) where he led a successful IPO and robust growth, doubling earnings in his three years there. Prior to Medallia, Mr. Kumar led NetSuite through transformative growth with annual recurring revenue doubling to over $ 1 billion, and ultimately a successful Oracle buyout in one of the largest enterprise software deals in the world. the time. Early in his career, Mr. Kumar spent nearly 10 years at Dell Inc. leading the company during a period of rapid growth and significant transformation in the IT landscape. He holds an MBA from the University of Texas at Austin and a Bachelor of Engineering from the Indian Institute of Technology, Roorkee.
“Lalit brings proven leadership in growth, successful exits and process creation that Versa will build on to continue our aggressive growth trajectory,” said Kelly Ahuja, CEO of Versa Networks. “We look forward to benefiting from his proven expertise in scaling startups as we continue our rapid growth and global expansion to meet the growing global demand for Versa SASE. ”
Versa Networks offers Versa SASE as SaaS, providing tightly integrated services through the cloud, on-premises, or as a combination of the two through Versa Operating System (VOS ™) with a single-pass parallel processing architecture and managed through a single glass pane. Versa started providing SASE services such as VPN, Secure SD-WAN, Edge Compute Protection, Next-Generation Firewall, Next-Generation Firewall as a Service, Secure Web Gateway (SWG) and Zero Trust Network Access (ZTNA) over five years ago. Versa uniquely provides context-sensitive security based on user, role, device, app, location, device security state, and content. As the fastest growing security and networking category leader, SASE, and running SASE services for years, Versa is the only proven solution to provide the industry leading and differentiated architecture for high performance and safety. Gartner has identified Versa SASE as having the most SASE components of the 56 suppliers assessed by Gartner. Enterprise Management Associates (EMA) also found that Versa SASE has the most Functions supported by SASE, as published in its 2021 Industry Report.
About Versa Networks
Versa Networks, the leader of SASE, combines extensive security, advanced networking, state-of-the-art SD-WAN, true multi-tenancy, and sophisticated analytics via the cloud, on-premises, or as a combination of both to meet requirements SASE for small to very large enterprises and service providers, and through the simplified Versa Titan cloud service designed for Lean IT. Thousands of customers around the world with hundreds of thousands of locations trust Versa for their networks, security, and clouds. Versa Networks is privately held and funded by Sequoia Capital, Mayfield, Artis Ventures, Verizon Ventures, Comcast Ventures, Liberty Global Ventures, Princeville Capital, RPS Ventures and Triangle Peak Partners. For more information visit https://www.versa-networks.com or follow Versa Networks on Twitter @versanetworks.
Versa Networks, VOS, the Versa logo, and Versa Titan are or may be registered trademarks of Versa Networks, Inc. All other brands and names mentioned herein may be trademarks of their respective companies.