Howard A. Bain III CEO, Norse

Norse Corp. named Howard A. Bain III the company’s new CEO and interim CFO, effective immediately.

He replaces co-founder Samuel M. Glines, who has left the company.

The company also named new members to the board of directors.

Bain has served on Norse’s board of directors since 2013. Throughout his career, he has developed experience leading multi-national corporations. He served as Symantec Corp‘s CFO in the 90’s, and also held that role at Portal Software, Vicinity Corp., and Informix. He was most recently COB and interim CEO at storage products manufacturer Violin Memory. Since 2004, he has been an independent director and audit committee chair with several public and private companies, and in the process was designated a Governance Fellow with the National Association of Corporate Directors, and elected as a Top 100 Director for 2014. In addition, he has been involved in the operations of numerous technology companies. He was previously a consultant and certified public accountant with Arthur Andersen LLP. He also currently holds a board seat with Resilient Network Systems, Inc., CallTower Inc., Nok Labs, Inc., Learning Tree International, and Flexera Software LLC. He holds a B.S. in Business from California Polytechnic University.

“We thank Glines for his vision and determination in leading Norse thus far, and while it’s not easy to see a founder leave, it’s not uncommon,” said Bain. “This company has faced serious challenges recently, and we know we have to make equally serious changes in priorities and procedures. I have full confidence that with our deep bench of technical specialists on staff, fresh governance from the revamped board, and the earned support of our longtime customers, we can overcome the challenges and regain a leadership position. We have the technology portfolio, skills and dedication to move forward strongly, and that’s what we’re working towards.”

The Norse security capability tracks live attacks in real time, and applies intelligence to block them. The company offers reach into the darkest recesses of the Internet through its sensor network and related assets, and has accumulated an extensive library of data on threat sources and attack originators. Furthermore, these security components are developed and customized for each customer to offer a unique level of early warning, enable organizations to be pre-emptive rather than reactive, and deploy their own security technologies and strategies more effectively.