CYRISMA has named Mark Balovnev as CEO a few months after the Rochester-based firm secured $7 million in growth equity financing to accelerate the firm’s platform development, support customers and expand its sales and marketing efforts.
Balovnev has experience in scaling businesses, product innovation and accelerating growth in cybersecurity, its leaders said.
“Mark’s proven ability to scale technology companies and his strategic vision make him perfect choice to lead CYRISMA’s next phase of growth,” said Liam Downward, CYRISMA’s chief product officer. “His track record of execution and deep understanding of our market will be invaluable as we continue to innovate and expand.”
Balovnev’s appointment comes as CYRISMA expands its market presence and enhances its integrated cybersecurity platform, which helps organizations protect their digital assets and manage regulatory compliance.
He will focus on continuing to expand the firm’s market reach, accelerating product innovation and strengthening its position as a leader in cybersecurity risk management.
“CYRISMA has established itself as a pioneering force in cybersecurity risk management and built an exceptional reputation in this space,” Balovnev said. “I’m energized to work alongside this exceptional team as we scale our impact globally and shape the future of cyber risk management.”
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