ThreatStream, a software-as-a-service-based (SaaS-based) cyber threat intelligence platform provider, today appointed Hugh Njemanze as its new CEO.

Njemanze is considered "the initial architect of security information and event management (SIEM)," according to ThreatStream.

He co-founded ArcSight, a Cupertino, Calif.-based big data security analytics and intelligence software company, in 2000 and helped it become one of the most successful Silicon Valley security companies in the last 20 years.

Hewlett-Packard (HPQ) acquired ArcSight in 2010 for $1.5 billion, and Njemanze led all engineering and research and development for the company's Enterprise Security Products group after the transaction.

Njemanze brings more than three decades of technology expertise to ThreatStream. He also has over 20 issued patents and more patents pending in the area of network security.

"The threat intelligence market is growing," Njemanze said in a blog post. "It's a perfect time in the marketplace for ThreatStream to have come along with answers to some of these [threat intelligence] challenges."

ThreatStream founder Greg Martin said Njemanze will support his company's expansion as the Silicon Valley's fastest-growing cybersecurity startup.

"[Njemanze's] ability to build teams, his commitment to the customer and his understanding of how to build a world-class security company from start-up to maturity is exactly what we need to realize the full potential of threat intelligence, collaboration and detection," Martin said in a prepared statement.

A ThreatStream spokesperson told MSPmentor the company currently is exploring ways to expand its partnerships with managed security service providers (MSSPs) to "drive greater value for enterprises" as well.

ThreatStream's OPTIC platform is designed to simplify the acquisition and application of threat intelligence.

The company noted the platform aggregates threat intelligence from across the Internet to make it easier for organizations to analyze and prevent cyber attacks.

"Organizations will continue to be vulnerable if they can't track in real-time the dynamic attacks across the web or recognize early threat indicators," Martin said in a prepared statement. "ThreatStream integrates right into the security tools you already have, and gives you the visibility to stop attacks before data is lost."

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