Denver, CO — July 2024 — Pathlock, a Vertica Capital Partners portfolio company and the leading provider of identity and application access governance software, today announced record growth in the first half of 2024 and the expansion of its executive leadership team to support the company’s continued momentum.
Record First Half Performance
Pathlock achieved significant year-over-year revenue growth in the first half of 2024, maintaining the company’s consistent Rule of 40+ status — a benchmark of efficient, high-quality growth that balances revenue expansion with profitability. The growth was driven by strong new customer acquisition, including contracts with several industry-leading organizations across pharmaceuticals, medical supply distribution, higher education, and other regulated industries.
The company also announced the opening of its new headquarters in Denver, Colorado, and expanded key partnerships with systems integrators, value-added resellers, and channel partners across the Americas, Middle East, and Europe. Additionally, Pathlock established a global ISV partnership with Microsoft, making Pathlock Cloud co-sell eligible and transactable on the Azure Marketplace.
Strengthening the Leadership Bench
To support its growth trajectory, Pathlock has added two senior leaders to its executive team. Ben Holcombe joins as Vice President of Sales for the Americas, bringing over 15 years of leadership experience from Delinea, where he led multiple go-to-market teams. Jason Gzym joins as Vice President of Solutions Engineering and Customer Advisory, strengthening Pathlock’s ability to serve complex enterprise customer environments.
These appointments reflect Pathlock’s commitment to building the leadership infrastructure necessary to sustain growth at scale while continuing to deliver innovation to its global customer community.
“Pathlock’s first half results demonstrate the power of combining a market-leading product with disciplined execution. The team has delivered exceptional growth while maintaining profitability — a rare combination that positions the company for sustained success. We’re proud to support the continued buildout of a world-class leadership team.” — Vitaly Vorobeychik, Managing Director and Co-Founder
About Pathlock
Pathlock is the leading provider of identity and application access governance software for enterprise ERP environments. The platform provides continuous compliance monitoring, access risk analysis, dynamic access controls, and automated audit support for business-critical applications including SAP, Oracle, Workday, and Salesforce. Pathlock is backed by Vertica Capital Partners.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm managing over $1 billion in capital focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.