TORONTO--(BUSINESS WIRE)--Sep 26, 2023--
1Password, a leader in identity security, today announced the appointment of David Faugno as President and Chief Operating Officer (COO). Faugno is a proven technology leader with deep experience enabling market leaders like Qualtrics and Barracuda Networks to grow operations around the world. In his new role, Faugno will focus on enabling 1Password to further scale into new markets and product offerings.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230926783793/en/
David Faugno, President and Chief Operating Officer at 1Password (Photo: Business Wire)
“David will ensure we’re able to capitalize on the tremendous opportunities in front of 1Password, particularly as we continue to expand our footprint within the enterprise,” said Jeff Shiner, CEO of 1Password. “His extensive experience and impressive track record in operations and strategic leadership will allow us to accelerate momentum as we tackle new markets and deliver value to our customers in a fast-moving security space.”
1Password continues to build on the foundation of its beloved, award-winning password manager, with its enterprise security platform now trusted by over 100,000 business customers. In an increasingly complex security environment driven by the proliferation of cloud applications, hybrid work, and the importance of employee productivity, some of the world’s most innovative companies rely on 1Password as a vital component of their security tech stack. In addition to keeping businesses safe by securing their employees, 1Password continues to grow its award-winning product portfolio through innovative new offerings that support passkeys and passwordless authentication.
Faugno is a proven technology leader with experience enabling global high-growth companies to scale operations. He previously served as Executive Vice President, Chief Financial Officer, and in the Office of the CEO at Qualtrics, where he led the company through its IPO roadshow and eventual sale to SAP, and supported the company’s eventual spin-out and public company operations. Prior to joining Qualtrics, he served for a decade as the CFO of Barracuda Networks (NYSE: CUDA), where he led the successful acquisition of over 11 companies as well as the company’s IPO. David was most recently a Venture Partner at Accel and serves as an advisor, board member, and audit committee chair to a number of fast-growing technology companies, including several in the security space.
“I have gotten to know the exceptional 1Password team over the last several years and am thrilled to take on this new role as the company continues to scale and address the ever-evolving security needs for businesses of all sizes, as well as individuals,” said David Faugno, President and COO, 1Password. “As one of 1Password’s earliest advisors, I’ve seen firsthand 1Password’s meaningful impact on the security and productivity of its customers, and I truly believe in the company’s unwavering commitment to making the world a safer place.”
To learn more about 1Password, visit our website.
About 1Password
Trusted by over 100,000 businesses and millions of consumers, 1Password offers industry-leading identity security solutions to reduce risk for companies and provide people with peace of mind. 1Password is on a mission to ease the tension between security and convenience, with solutions that enable powerful password management as well as the future of authentication with passkeys. Since our founding in 2005, 1Password continues to build on the foundation of a beloved, award-winning password manager with its enterprise security platform now trusted by customers like IBM, Slack, GitLab, Under Armour, and Intercom.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230926783793/en/
media@1password.com
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY SECURITY
SOURCE: 1Password
Copyright Business Wire 2023.
PUB: 09/26/2023 10:02 AM/DISC: 09/26/2023 10:01 AM
http://www.businesswire.com/news/home/20230926783793/en
