Thursday, July 28, 2011

Palo Alto Networks Appoints CEO, Notes $200 Million Run Rate

Palo Alto Networks, which supplies next-generation firewalls, has appointed Mark D. McLaughlin as president and CEO. McLaughlin previously served as president and CEO of VeriSign.

Palo Alto Networks also released several financial metrics , including that it has achieved a bookings run rate well above the US$200 million mark and that its cashflow from operations has been positive for five consecutive quarters. The company also noted that it has doubled its employee count over the past year and that to accommodate this growth, it has recently moved into a larger headquarters located in Santa Clara, California.

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