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CORRECTING and REPLACING Mycroft Expands Leadership Team and Appoints New Key Players

Fourth paragraph of release dated May 6, 2014 should read: Sebastien Fouillade as Managing Director of XSpectra (instead of Sebastien Fouillade as Director of Product Development).

The corrected release reads:

MYCROFT EXPANDS LEADERSHIP TEAM AND APPOINTS NEW KEY PLAYERS

New Team Focused on Supporting Rapid Company Growth and Innovation

Mycroft Inc., a leading provider of IT identity and security solutions, today announced the appointment and addition of critical key players to the company’s leadership team. The announcement comes on the heels of Mycroft’s recent opening of a new product innovation center in Seattle, WA to accelerate innovation for its cloud-based identity and access management (IAM) SaaS offering, XSpectra.

The new leadership team will focus on driving marketing, sales and engineering strategies during a period of rapid growth for the company.

Mycroft leadership team changes include the addition of Rich Palacios as Director of Inside Sales to build, support and grow the company’s new inside sales team. Additionally, Glendy Yeung, who has been with the company for over 10 years, has been appointed as Chief Operating Officer to solidify the company’s operational processes. Shanley Stern has moved into the role of Vice President, Sales and Marketing, responsible for the strategic direction and execution of the sales and marketing organizations. Nicole Koopman has taken on the role of Director, Strategic Partnerships to focus on growing the company’s partner channel. Lastly, Lisa Bauman was promoted to Vice President, Human Resources as a result of her stellar contributions over the last seven years.

Mycroft also recently announced the promotion of Lester Rivera to Director of Engineering and the addition of Sebastien Fouillade as Managing Director of XSpectra.

"Mycroft's mission has always been to identify and address customer needs through fast-moving innovation. Each member of our leadership team exudes both the experience and forward-thinking attributes to ensure that goal remains at the forefront of our strategies," said Jonathan Freeman, CEO and founder of Mycroft & XSpectra. "Our newly assembled leadership team is vital to continue building on our success now and in the future."

Mycroft’s flagship cloud offering, XSpectra, delivers a full spectrum of IAM services that integrate with a wide range of customer environments. XSpectra, powered by CA CloudMinder™, expands Mycroft Inc.’s current market offerings with automated provisioning beyond Active Directory to include any targeted endpoint whether on-premise or in the cloud. Additionally, the innovative service incorporates multifactor and risk-based authentication with a wide variety of credential formats and allows for configurable policies for custom risk assessments, helping organizations reduce risk by minimizing usage of static passwords to access applications.

XSpectra also delivers a wide range of foundational identity services including user self-service and federated single sign-on to applications across cloud, hosted or on-premise environments. XSpectra offers three flexible support level packages to meet the budgets and needs of a wide variety of customers.

About Mycroft Inc.

Mycroft Inc. is the innovation leader in delivering IT security, identity, access management and regulatory compliance solutions leveraging over 20 years of unmatched professional services experience across all major vendor technologies.

Focused on the strategy, design, configuration, implementation and management of its solutions, the company seamlessly integrates software and deep professional services expertise to provide fully managed cloud-based, hosted and on-premise deployments.

Mycroft XSpectra, the company’s most recent innovation, further solidifies the company’s commitment to bringing cutting edge IT security services to market that enable business agility, flexibility and cost efficiencies across organizations of all sizes. For more information, contact us or call 212-983-2656 x1.

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