Trident Capital Cybersecurity hires FireEye veteran as MD
Ken Gonzalez to strengthen cybersecurity investment team
FireEye has lost a top executive, with Ken Gonzalez, who was senior vice president of corporate development and global alliances, leaving the company to take a role at Trident Capital Cybersecurity.
Gonzalez will serve as managing director at Trident Capital Cybersecurity, a $300m cybersecurity venture firm.
Trident Capital Cybersecurity's investments include Attivo Networks, AlienVault, Bromium, Qualys and Solera Networks (acquired by Blue Coat).
Gonzalez had been at FireEye since January 2013 leading corporate development and global alliances, including the company's $1.1bn acquisition of Mandiant in 2014. Gonzalez has also led corporate development at McAfee, helping the company prepare itself and ultimately be acquired by Intel for $7.7bn (the company has since spun back out to McAfee). He has also held top roles at Avast Software and Siebel Systems.
In a statement about the hire, Trident Capital Cybersecurity managing director Alberto Yepez said Gonzalez's experience around completing acquisitions - 23 in total in his career - and in alliances and OEM licensing will "become handy to help entrepreneurs grow their businesses" in the Trident portfolio.
"Ken brings the mind-set of corporate buyers of cybersecurity startups, excellent strategic insight and a global network of trusted channel relationships that will help scale our portfolio companies," Yepez said.
Trident Capital Cybersecurity said Gonzalez will focus on investments in cybersecurity around the Internet of Things (IoT), next-generation identity platforms, behavioural data analytics, privacy, secure payments and fraud protection.
"Moving into the investment side of the cybersecurity business is a natural progression for me," Gonzalez said. "I have led teams that made more than twenty successful cyber acquisitions in my career. Today, cyber is an excellent investment market and I wanted to be part of the next wave of cybersecurity investing."
Projected global spending on cybersecurity products and services will exceed $1trn cumulatively over the five-year period ended in 2021, according to Cybersecurity Ventures.
"This growth in the cybersecurity market is fueled by sophisticated hackers who spin creative new attacks around the clock and by global governmental agencies at the national, regional and local levels that continually issue new corporate compliance requirements," Gonzalez said.
Prior to FireEye, he was chief strategy officer at Avast Software, a developer of next generation cybersecurity solutions, where he was responsible for corporate strategy, business development, inbound licensing and, merger and acquisitions.