In MIT Showcase, LockPath sees chance to catch more eyes

LockPath, a provider of governance, risk and compliance (GRC) applications, today announced it is one of 10 finalists for the MIT Sloan CIO Symposium Innovation Showcase. The May 22 event will feature …

LockPath, a provider of governance, risk and compliance (GRC) applications, today announced it is one of 10 finalists for the MIT Sloan CIO Symposium Innovation Showcase. The May 22 event will feature a collection of startups that sell B2B solutions, had less than $10 million in 2011 revenue and deliver value and innovation to enterprise IT.

At the Showcase, LockPath will present before an audience of CIOs and other senior business executives, providing the Overland Park, Kan.-based startup valuable exposure. Since last year’s Showcase, four of the event’s finalists have received significant venture capital, and a fifth was acquired.

“We are thrilled and honored that the MIT Sloan CIO Symposium has recognized LockPath as an innovator because of the ground-breaking GRC capabilities the Keylight platform brings to the enterprise,” Chris Caldwell, LockPath’s CEO, said in a press release. “We look forward to attending the Symposium in May and showing attendees firsthand how LockPath can help them take control of the complex risk and compliance issues they are facing.”

Those attendees wouldn’t be the first high-powered players LockPath has made believers of in recent months. In February, LockPath announced the integration of its Keylight Platform into several products offered by security giant McAfee. LockPath followed that in March by announcing a partnership with Qualys.

And earlier this month, the company announced the addition of VP of sales Bob Wescott, who will lead the LockPath sales team and be responsible for the company’s direct and channel sales effort. “His decades of experience building strong channel programs and leading top-performing direct sales teams will help position LockPath for its strongest year yet,” Caldwell said in a release. “We’ve seen exponential growth in both our direct and channel sales, and we expect that will continue with Bob leading our sales initiative.”

Founded in 2009, LockPath has 30 employees and is backed by a group of investors that includes El Dorado Ventures and SV Angel, the firm headed by noted Silicon Valley investor Ron Conway.

 

Credits: Screenshot from mitcio.com.

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