Promotion Reflects Ongoing Leadership Role in Company’s Strategic Planning, Financial Management, and Growth

Exostar, whose cloud-based solutions help companies in aerospace and defense, life sciences, and healthcare mitigate risk and solve their identity and access challenges, today announced the promotion of Patrick Kannan to Chief Finance Officer.  Kannan previously served as the company’s Vice President of Finance and Controller.

“As a former CFO myself, I intimately understand the challenges, responsibilities, and expectations of the position,” said Richard Addi, Exostar’s President and CEO.  “Patrick’s sustained excellence is universally acknowledged within and outside of our organization.  He is an integral part of our management team who has earned my trust and respect.  I’m pleased to formalize the title his performance has long reflected.”

Kannan joined Exostar in 2010.  In addition to his finance-related duties, he has managed the firm’s customer care operations organization, which directly serves the 125,000 businesses worldwide that rely on Exostar’s hosted solutions.  In his new role, Kannan will lead, direct, and provide oversight for financial management, planning, reporting, analysis, risk management, budgeting, and forecasting.

“Exostar is a company on the move.  We combine the stability of a 15-year track record of success with the start-up excitement of entering new markets and leveraging the latest technologies to solve secure collaboration challenges across the supply chain,” Kannan said.  “My goal is to make sure we have the resources in place to provide the foundation for rock-solid stability and the fuel for our continued explosive organic- and acquisition-based growth.”

About Exostar

Exostar, named a Cool Vendor for 2016 by Gartner, offers cloud-based solutions that help companies in highly-regulated industries mitigate risk and solve identity and access challenges. Nearly 125,000 organizations leverage Exostar to help them collaborate securely, efficiently, and compliantly with their partners and suppliers. By offering connect-once, single sign-on access, Exostar strengthens security, reduces expenditures, and raises productivity so customers can better meet contractual, regulatory, and time-to-market objectives.  www.exostar.com.