Bugcrowd Appoints David Castignola as Chief Revenue Officer
Industry veteran to scale and diversify revenue initiatives, grow partner ecosystem as Bugcrowd accelerates growth across its product lines, channels and world-wide geographies
Bugcrowd, the crowdsourced cybersecurity platform, announced the appointment of David Castignola as Chief Revenue Officer (CRO). Castignola’s appointment is part of Bugcrowd’s larger strategy to help its customers address broader security challenges across the security lifecycle from a single crowdsourced security platform. As CRO, Castignola will be responsible for Bugcrowd’s overall revenue generation engine, overseeing the company’s global sales and partner channel teams. Castignola will report to Ashish Gupta, CEO, Bugcrowd.
“David brings a unique combination of cybersecurity and CRO expertise to this role, he will play a key role in further accelerating our growth, expanding our ecosystem and ensuring customers build strong security postures,” said Gupta. “We are thrilled to bring him on board as we expand the Bugcrowd platform and add new products that address a broader spectrum of security use cases and enable channel partners to seamlessly deliver compelling value-added solutions for vulnerability identification and remediation. ”
Castignola joins Bugcrowd after exceptional growth in the second quarter of fiscal year 2021, driven by a 133% increase in bookings in its international segment and an increase of more than 50% in international customers despite the downturn brought on by COVID-19. The company also saw 49% growth in the number of MVP researchers, more than a 60% jump in programs under management, and reported 86% more critical vulnerabilities compared to the same period last year.
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“The Bugcrowd team has done a tremendous job growing the business to where it is today, and I look forward to playing a key role in accelerating that growth and expanding and diversifying the company’s go-to-market strategy,” said Castignola. “Cybersecurity is at an inflection point. Today’s chief information security officers are facing an exponential increase in threat actors and attack vectors, while also facing a tremendous shortage of skilled labor to keep their organizations safe. Bugcrowd helps companies address this seemingly intractable challenge by providing priority access to a global marketplace of on-demand, highly specialized cybersecurity experts–all from a single, intelligent platform. I am excited to work with Bugcrowd’s current and future customers and partners to accelerate the adoption of crowdsourced security and keep our digitally connected world safe.”
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