Wednesday, May 13, 2020
Devine’s Experience Will Support the Company’s Growth Plans
Clearwater, Fla. – May 13, 2020 – FairWarning, the proven leader in protecting the privacy of people and organizations by securing their most sensitive data, named Philip Devine as the company’s Chief Financial Officer. As a seasoned financial leader, Devine will leverage the company’s strong financials to propel the company’s growth plans forward to better serve its growing customer base.
Devine joins FairWarning with a breadth of financial experience spanning 25 years in the healthcare, software, and professional services sectors. He has served in a variety of leadership roles, notably as CFO of CoAdvantage, Inc. CFO of MDxHealth, where he served for nearly a decade, and as CFO of other publicly-listed and private equity-backed companies in Europe and in the United States. His accomplishments include leading several IPOs, building multi-million dollar companies from scratch, managing M&A transactions, and working with private equity and institutional investors. Devine has also earned multiple degrees from institutions worldwide, including an MBA from INSEAD in France, an MSA from Bentley College, and a BA from Dartmouth College.
“As an organization that has been successfully providing critical data security services for 15 years in a SaaS model, FairWarning has cemented its presence as an industry leader with a strong financial outlook,” said Devine. “Despite the challenging and uncertain times the country is currently facing, the company’s outlook for future growth is strong. FairWarning’s solid reputation for providing top quality data protection and exceptional service makes me thrilled to join, and I look forward to guiding the company toward further success.”
“Under Philip’s leadership, FairWarning is poised for further growth and expansion as we work to help our customers address their critical privacy and security needs,” added Ed Holmes, Chief Executive Officer at FairWarning. “After tremendous success developing high-growth firms with hands-on leadership, he will bring expertise to the company as we maintain our presence as the industry leader and provide our customers with best-in-class data protection services.”
FairWarning provides technology solutions and services to help customers secure private, sensitive information held in mission-critical applications. The company addresses crucial requirements detailed in data protection regulations globally. Customers of the company’s Patient Privacy Intelligence and Managed Privacy Services solutions represent over 8,500 healthcare facilities globally, and FairWarning’s offerings for cloud security and Salesforce protect financial services firms with a combined $1 trillion in assets under management. In 2018, the company announced a $60 million growth equity investment from Mainsail Partners, which has been used to accelerate product innovation and help customers stay ahead of the curve of emerging privacy legislation, safeguarding patient and consumer information, and preventing the growing threat of costly data breaches.
FairWarning has also received numerous accolades, including being voted a “Top Workplace” in Tampa Bay for eight consecutive years.
FairWarning helps healthcare, financial services, and other organizations establish a culture of security, privacy, and compliance to expand trust with their patients, investors, and customers. FairWarning’s patented cloud-based platform simplifies the full lifecycle of privacy and insider security incident management and helps those in highly regulated industries more easily detect, investigate, mitigate, and remediate improper user access or behavior. With its Patient Privacy Intelligence and FairWarning for Cloud Security offerings, FairWarning helps satisfy key regulatory requirements across multiple industries and localities, including GDPR, PCI, SOX, and HIPAA. FairWarning’s Managed Privacy Services seek to enhance the protection of patient data with a team of healthcare privacy and security experts that function as an extension of the customer’s team. For more information on FairWarning, visit https://www.fairwarning.com or email Solutions@FairWarning.com.