ValidSoft Looks to Expand With New Chief Growth Officer

ValidSoft is looking to raise its profile in the North American market. To that end, the company has decided to bring on Joe O’Donnell as its new Chief Growth Officer to oversee its ongoing expansion efforts.

O’Donnell’s career includes previous stops at Splunk, Cybereason, Palo Alto Networks, and Cisco Systems. In each instance, O’Donnell was asked to execute sales strategies that would lead to rapid growth, and he will be expected to do the same during his tenure at ValidSoft. In that regard, O’Donnell will be responsible for growth operations, a mandate that covers everything from business development to partnerships and go-to-market initiatives.

ValidSoft indicated that O’Donnell will not have to do everything alone, insofar as the company has tried to bolster its sales and growth teams with hires from a number of leading cybersecurity and call center providers. The company noted that fraud losses (and the associated costs) now exceed $3 trillion on an annual basis, which creates a demand for innovative security solutions that can help mitigate that threat. ValidSoft itself is best known for its voice authentication technology, which has proven to be popular with financial institutions.

“Joe is a world-class executive, and this appointment signals a critical growth phase for ValidSoft,” said ValidSoft Founder, Executive Chairman, and CEO Patrick Carroll. “We have spent the last few years building world-class, unique privacy-certified solutions adopted by some of the largest and most respected brands in the world. The addition of Joe and others comes at the right time and adds senior expertise that will take us to the next level and help us achieve our bold growth plans.”

“Classic authentication deployments, including multi-factor authentication implementations, are fallible,” added O’Donnell. “It’s time to flip the script and elevate voice to be the prime factor for authentication.”

Opus Research has identified ValidSoft as a leader in the voice biometrics market. MarketsandMarkets has predicted that the demand for voice-based authentication solutions will push the voice recognition market to $3.9 billion by 2026.

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January 24, 2022 – by Eric Weiss