TXOne Networks, a Taiwan-based leader in cyber-physical systems security with its Americas headquarters in Irving, has appointed Stephen Driggers as its new Chief Revenue Officer (CRO).
In this role, Driggers will spearhead the development and execution of comprehensive revenue strategies, ensuring alignment among sales, marketing, and customer success teams to drive sustainable growth.
The company, which secured $51 million in a Series B extension in May, has been expanding its team and growing its Americas presence to meet what it describes as an increasing demand for OT-native security solutions. TXOne Networks employs an OT zero trust methodology to ensure the reliability and safety of industrial environments.
Driggers brings more than two decades of experience in leading revenue generation and sales for companies in data and network security. His career includes a recent stint as Chief Revenue Officer of Nozomi Networks, and previous leadership roles at Thales Cloud Security, Vormetric, HP Enterprise Security, HP Networking, and TippingPoint.
In a statement, Terence Liu, CEO of TXOne Networks, described Driggers as “an inspiring leader with proven results in a variety of environments,” noting that his “professionalism and personal integrity are obvious.”
He added: “We are very excited about everything that Stephen is bringing to our company as our new CRO.”
Driggers shared his excitement about joining TXOne Networks, describing it as “an innovative and visionary company in a rapidly growing space.” He emphasized the increasing importance of operational technology and industrial control system security across various industries globally.
“The opportunity here is tremendous,” Driggers said in the announcement, adding that he’s “eager to get rolling with the team in working with our customers to develop practical, operations-friendly approaches to cyber defense.”
As CEO Liu puts it, Driggers’ contributions to TXOne Networks and its customers “will be far-reaching.”
TXOne Networks’ product portfolio includes both network-based and endpoint-based solutions to secure OT networks and mission-critical devices using a real-time, defense-in-depth approach.
In December, TXOne Networks and Mitsubishi Electric Corp. signed a long-term cooperation agreement with a goal of expanding both companies’ operational-technology security businesses.
The company’s innovations have been recognized with several industry awards in recent years, including multiple Global InfoSec Awards, Cybersecurity Excellence Awards, and a Frost & Sullivan Competitive Strategy Leadership Award for OT security in 2023. Additionally, CRN magazine named TXOne Networks among its “10 Coolest IoT Security Companies” in April 2023.
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