BehavioSec is looking to keep up some strong momentum with the official announcement of its new Chief Revenue Officer.
Michael Nelson quietly joined the company late last year, after a previous role as the Sales and Business Development VP of Mitek Systems’ Identity business, a role he held from December of 2010 to January of 2020. Before that, Nelson held business development positions with Ariba, Adobe, Arena Solutions, and Arrow Electronics.
In announcing this appointment, BehavioSec emphasized the theme of growth, noting that Nelson founded the Mitek Identity business and achieved 50 percent year-over-year revenue growth across the company’s financial services, e-commerce, and gig economy clients. The company also asserted that Mitek itself saw 300 percent growth over the last year, with Nelson’s appointment poised “to capture momentum and fuel growth”.
It’s a sentiment that Nelson himself was keen to echo. “BehavioSec has aggressive goals and is building on a position of strength fueled by doubling the team, tripling revenue and recently adding a top 5 US bank, a leading global online software marketplace, and a major telecom enterprise in Europe to its customer portfolio,” he said. “We offer a strong platform that is beneficial to every consumer and organization, tracing a great path towards their user expansion, and digitally transforming and securing their businesses.”
BehavioSec’s solution revolves around behavioral biometrics. It is designed to assess things like how end users interact with their devices’ touchscreens and how quickly they type in order to spot potential fraudsters. In the wake of COVID-19 and the large influx of customers into digital channels for a number of businesses, the increased need for anti-fraud technology appears to have driven considerable demand for BehavioSec’s technology.
That, in turn, has prompted the company to further strengthen its leadership team. Nelson’s appointment comes after John McCormack was named BehavioSec’s Chief Financial Officer and ForgePoint Capital Managing Director Alberto Yépez was appointed as Chairman of the Board in December.
February 24, 2021 – by Alex Perala