make such shenanigans far more difficult, if not impossible, to pull off. “This is a solution that directly addresses from an IT perspective issues around the ability of people to perpetrate a fraud,” Mutch says. “CitiBank is our biggest customer. Our technology runs on every server they have. You can basically go to a server and ask ‘Who accessed it? What privileges were they granted? And what did they do when they accessed the server?’ Or at least that’s the goal.”
BeyondTrust currently has about 85 employees, and generates about $50 million a year in sales, according to Mutch, who describes the business as “extremely profitable.” Last month, the company announced it was hiring Ken Saunders, who had worked with Mutch as CFO at both Peregrine Systems and HNC Software, as Beyond Trust’s CFO. Mutch, who plans to retain some operations in Portsmouth and Agoura Hills, told me he’s also looking to recruit a new chief technology officer. The company, which has only a handful of employees in San Diego now, should have about 30 employees here in the next couple of months, and about 45 by this time next year.
Pages: Page 1, Page 2, Page 3, Page 4
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
View all posts by Bruce V. Bigelow