IDAHO FALLS, Idaho, Nov. 5, 2018 /PRNewswire/ — Hotshot today announced the addition of Srini Murty as Chief Revenue Officer. Murty is responsible for revenue building and company growth through aligning market dynamics and customer needs with product development.  His hiring immediately follows the closing of Hotshot’s first outside funding round of over $1M USD with 9i, a newly formed technology investment fund.

“Srini is a dynamic and proven leader in business development, customer growth, marketing, sales, global channel and partner strategy,” said Aaron Turner, CEO of Hotshot.  “We are proud to have him on board — he is an ideal fit to help drive our next phase of growth.”

Murty has over 20 years of experience at startups with successful results and exits. At Zimperium he accelerated revenues through strategic channels including Deutsch Telekom, Telefonica, Mobile Iron and McAfee. He secured large direct customers, increasing revenue from zero to several million USD annually. At E2open, Murty tripled revenues from IBM and Lenovo in under two years, paving the way for a successful IPO and eventual buyout. At i2, he built European operations from the ground-up, supporting growth of corporate revenues surpassing $1B USD annually, and contributing to the company’s public valuation of over $65B.

The Hotshot mobile platform for employee communication uses zero-trust based time and location-based encryption technology, so businesses can control where and when employees are able to exchange texts. And, employers can permanently claw-back past texts if an employee leaves the company.

Hotshot puts employers in control of data at a fraction of the cost of more complicated solutions, and minimizes labor law liability and customer data privacy exposure. In addition to off-the-clock wage violations related to texting off-hours, regulations in sectors like financial and healthcare, combined with GDPR, make employee texting rife with risk.

Recent coverage by 451 Research affirms Hotshot’s value proposition. Senior Analyst Raúl Castañón said, “Hotshot’s solution delivers a novel approach to help organizations address security and privacy requirements stemming from regulations that require enterprises to have data controls in place protecting sensitive data and complying with labor laws. Their approach comes to market at a pivotal time with GDPR in-force now, and new data privacy laws being passed throughout the US.”

About Hotshot®
Hotshot® is a fast, easy-to-use platform for team messaging that is secure and compliant with labor laws and regulatory requirements. It empowers employees to harness speed, convenience and efficiency of texting while reducing employer liability concerning both privacy and security.  Designed by an international team of regulatory compliance and security technology experts, Hotshot uses state-of-the-art encryption to protect data wherever it may be and whenever it is needed. 

Media Contact:
Jackie Lucas
Vera Voce Communication
204361@email4pr.com
978-255-1159

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hotshot-hires-srini-murty-as-cro-following-initial-funding-of-new-time-and-location-based-mobile-security-solution-for-business-300743495.html

SOURCE Hotshot