GeoTrust Hires Seasoned Veterans to Lead Financial
Operations and Worldwide Marketing
Timothy M. Adams Joins as Chief Financial
Officer and Kae P. Kronthaler-Williams Joins as Vice
President of Marketing
Wellesley, MA, March 20, 2002 - GeoTrust, Inc.(www.geotrust.com),
a leader in identity and security solutions for e-business,
today announced that Timothy M. Adams, former Chief
Financial Officer at Digex, Inc. and Kae P. Kronthaler-Williams,
former Vice President of Marketing at Corporate Software
have joined the company. Both Tim and Kae bring extensive
expertise to GeoTrust's executive team.
"With an experienced team on board, funding
in place, and several key partnerships, GeoTrust is
well positioned to capture 30% of the online transaction
security market this year," said Neal Creighton, CEO
and President at GeoTrust. "Both Tim and Kae bring
the experience and talent from established organizations
that will play an important role as GeoTrust continues
to carve out a leadership position."
Tim brings 20 years of financial, operations, and
strategic experience in the high technology and communications
sectors. Prior to GeoTrust, Tim was Chief Financial
Officer at Digex, a market leader in managed web hosting
services, where he led a successful $1 billion follow-on
equity offering as well as spearheading the sale of
Digex to WorldCom. Before Digex, Tim was Vice President
of Business Operations at GTE Internetworking where
he developed an executive management system to oversee
the operating results of seven business units and
was instrumental in completing the acquisition of
Genuity.
"GeoTrust is well positioned against an excellent
market opportunity," said Tim Adams, CFO at GeoTrust.
"We have a talented team of employees, a great set
of security offerings that add value to our customers,
and we are poised to take this company to the next
level."
Kae brings over 15 years experience in software
applications and service marketing. As Vice President
of Marketing for Corporate Software, Kae repositioned
the company from a software reseller to a software
asset management company, created their global e-business
strategy, and built a marketing team to support a
$1 billion revenue goal. Prior to Corporate Software,
Kae held various marketing positions at Lotus Development
and NYNEX.
"GeoTrust had a number of elements that I was
looking for. They had products with distinct competitive
advantages, innovative technology, an established
channel, and more than 25,000 customers in over 80
countries," said Kae Kronthaler-Williams. "This was
accomplished without a focused marketing program.
GeoTrust is well positioned to become a market leader."
Both Tim and Kae join GeoTrust's executive team
that include:
- Neal Creighton, CEO and President and co-founder
- Jonathan "Jothy" Rosenberg Ph.D., CTO and co-founder
- J.T. Hardy, Senior Vice President of Sales and
co-founder
- Chris Bailey, Vice President of Product Management
and co-founder
- Dave Remy, Chief Architect, VP of Engineering,
and co-founder
GeoTrust has emerged as the leading innovator in
the 3As - authentication, authorization and administration
- sector of the Security Market, which IDC projects
to grow to $9.5-billion by 2005. According to SecuritySpace.com
(www.securityspace.com), GeoTrust garnered 9.31% market
share in the digital certificate market in February
2002 seizing share from existing industry leaders.
About GeoTrust, Inc.
GeoTrust, Inc.(www.geotrust.com),
an emerging leader in Identity and Trust Services,
helps organizations of all sizes secure e-commerce
transactions, trusted identities, and fully managed
trusted environments for conducting e-business. GeoTrust's
Enterprise Trust Services is the first fully managed
PKI-based security service to safely deploy Internet
applications for the next generation of business.
GeoTrust's Web Trust Services offer hosting providers
and businesses with world-class digital certificates
for fast transaction security and patent-pending smart-seals
to ensure a trusted identity on the web. With more
than 25,000 companies in over 80 countries using its
technology for transaction security, GeoTrust is the
second largest digital certificate provider in the
world. GeoTrust can be reached at www.geotrust.com
or 800-944-0492.
QuickSSL, eBusinessID, and True Site are a trademark
of GeoTrust, Inc.
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