Mark McLaughlin joins Palo Alto Networks as president and CEO

It is with great excitement that earlier today we announced Mark McLaughlin as our president, CEO, and a member of our Board of Directors. Mark's strengths as a leader align perfectly with the next phase of our growth. He has spent the last two years as VeriSign's CEO and president during which time the publicly-traded company returned record profits to its shareholders, successfully managed a major corporate restructuring, all the while maintaining an exceptional reputation among its customers, analysts, and the media. Prior to VeriSign, Mark led privately-held, fast growth companies including Signio (which was acquired by VeriSign for over $1B) and Gemplus.

Thanks to your support, Palo Alto Networks is doing very well and has had a major impact on the network security market. In conjunction with the news of our new CEO, we also published highlights of our most recent results. These include that:

significantly ahead of our own expectations, we achieved well over US$200M in bookings run rate;
cashflow from operations has been positive for 5 consecutive quarters and we intend to stay that way;
we have more than 4,500 enterprise customers, more than 20 of whom have deployed US$1M+ worth of our products;
we expect our business in the next year to grow well ahead of the market and our competitors.

Thanks again for your continued interest in and support of Palo Alto Networks.