Two firms named new CEOs last week, and both moves reflected the trend of companies looking for experienced, steady hands.
Albert Bender is the new chief executive officer at LVL7 Systems. The former CEO of optical networking firm Cirrex in Atlanta, which folded, was recruited to position LVL7 for growth in the networking market.
Bender was recruited by LVL7 investors, including H.I.G. Ventures in Atlanta, a backer of Cirrex.
“The company’s business was really flat for the past two years,” Bender says. “Now it’s ready to take off. It was time to bring in an executive with a lot of experience who knows how to branch a company during growth.
“Not that the founders couldn’t do this,” he adds, “but they didn’t have the experience I do.
“You only get one shot for that home run.”
In Atlanta, Glenn McGonnigle, one of the co-founders of Internet Security Systems, is the new chief executive officer at VistaScape Security Systems.
“We are not competitive with ISS, which is an information security company,” he says. VistaScape focuses on physical security software rather than keeping out hackers and crackers. But McGonnigle also says the companies share some of the same objectives.
“I do see a lot of similarities,” he says. “VistaScape is applying the principles of info-security to the management of physical security. In fact, the two markets are ultimately converging around policy-based processes: what to detect and how to respond.”
VistaScape has developed integrated security and surveillance software that integrates such diverse systems as closed-circuit TV, radar, global position satellite and access controls. And in the post 9-11 secure conscious world, the new CEO believes the company is positioned for strong growth.
McGonnigle replaced Bill Green as CEO at VistaScape last week. Green had recruited McGonnigle for VistaScape’s advisory board, recognizing his experience in software, and then groomed McGonnigle as his replacement. Green said VistaScape needed someone with more software experience in charge, and he remains actively involved with the firm as an advisor.
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