Logpoint has named Mikkel Drucker as its new CEO. Drukker takes over the role that was vacated by Jesper Zerlang in February when he stepped down to focus on an advisory and investor role. Drucker’s task is to lead the cybersecurity company on the next stage of its growth journey.
Jim Pflaging, Chairman of the Board at Logpoint, commented, “We’re excited to have Mikkel on board. His experience with scaling businesses and overseeing organizational transformation to drive financial growth and his understanding of improving company offerings to accelerate market traction will be instrumental in enhancing Logpoint’s growth journey.
“Mikkel is an accomplished leader, and we look forward to working with him to turn Logpoint into a preferred cybersecurity partner for European mid-sized organizations and Managed Security Service Providers (MSSPs).”
Headquartered in Denmark, Logpoint is the largest, pure-play converged Security Information and Event Management (SIEM) vendor in Europe. It closed its $30 million Series B funding in 2020, which Yttrium led. Logpoint’s converged cybersecurity platform provides SIEM, UEBA, SOAR, and SAP security technologies. It efficiently detects threats, minimizes false positives, autonomously prioritizes risks, responds to incidents, and much more. Logpoint is a solutions company with the latest European and other regulations, including NIS 2 and GDPR. It is the only European SIEM vendor with a Common Criteria EAL3+ certification.
Drucker has been tasked with growing Logpoint through organic and strategic acquisitions. The goals are ambitious, as the press release also indicates that the growth must be done profitably. Drukker has the task of growing both the channel ecosystem and employee base. It seems a huge task, so who have the investors brought on board to accomplish this?
Who is Mikkel Drucker?
Drucker has over 25 years in the technology, IT, and SaaS space. He joins Logpoint from Netigate, a leading European Experience Management company. Drucker retains a position on the board at Netigate. At Netigate, he helped the company transfer major ownership to GRO Capital, a private equity company. He subsequently led growth and helped to reshape the product through development and acquisition. Will he look to raise funds a Logpoint to enable the ambitious growth plans, or will Yttrium invest further?
Prior to Netigate, Drucker was Chief Growth Officer at Tacton, helping that company to grow the footprint of its complex CPQ solutions. During his tenure, the firm also attained a leadership position in the Gartner Magic Quadrant for Configure, Price and Quote Applications. He also led the expansion of the partner channel for Tacton.
During his career, he has held several board positions. Drucker has held several leadership positions in product management and marketing. He spent 13 years at Nokia, working in the US before returning to Europe in roles for Telenor, Trustpilot, and Atea.
Drucker also Co-Founded Lindrucker, a startup that developed Safe Home Solutions for private residences. He was Chief Marketing Officer, later becoming a non-operational partner before the company was sold to Abus.
Drucker stated, “Cybersecurity is an exciting industry contributing to solving one of the greatest challenges in society today: cyber risk. Adversaries are increasingly aggressive due to geopolitical unrest, the emergence of AI, and the commoditization of malware. Logpoint has the potential to become a leading company in the sector.
“Logpoint is uniquely positioned to capitalize on the cybersecurity market growth with its European foundation, technology tailored to protect organizations in the mid-market, and outstanding customer and partner relationships. I look forward to building on that strong foundation and establishing Logpoint as a strong European cybersecurity vendor and a great place to work.”
Enterprise Times: What does this mean
Logpoint has gained the services of a CEO with deep experience in the technology industry within both Europe and the US. He does not, however, have experience in the cybersecurity market, which makes this an interesting choice.
However, he has deep experience working with private equity, acquisitions and growing organisations both organically and inorganically. It will be interesting to see how he intends to grow Logpoint. Will he seek further external funding? It seems likely. Otherwise, it will be tough to grow, acquire new companies and remain profitable simultaneously.
