Robert Herjavec Passes Cyderes CEO Position to Chris Schueler
Herjavec of ‘Shark Tank’ Steps Down After 21 Years in Cost, Stays Board Member
“Shark Tank” star Robert Herjavec is leaving his day job after more than two decades at the helm of cybersecurity services powerhouse Cyderes.
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The Kansas Metropolis, Missouri-based agency tapped Chris Schueler, CEO of identification and entry administration MSSP Simeio, to exchange the Canadian cybersecurity pioneer and actuality TV character, who will stay a big investor and board member. Herjavec, 62, began the corporate in 2003 because the Herjavec Group and has seen it develop from a small operation into a worldwide titan with practically 1,000 workers.
“At this time is a bittersweet day for me,” Herjavec said in a video message posted to LinkedIn. “What started with $400,000 in gross sales has now grown to just about 1,000 workers working throughout the globe and creating over a billion {dollars} in worth. I am pleased with the influence we have made on so many lives.”
Robert Herjavec’s Journey From Sole Proprietor to Ex-CEO
Herjavec was the corporate’s sole proprietor till February 2021, when he offered a majority stake to London-based non-public fairness agency Apax Companions for an undisclosed quantity. On the finish of 2021, Apax merged Herjavec Group with fellow cybersecurity providers supplier Fishtech Group. Herjavec remained as CEO, and Fishtech founder and CEO Gary Fish turned chairman of the board (see: M&A Update: Apax Partners to Acquire Herjavec Group).
In June 2022, the mixed firm was renamed Cyderes, brief for “cyber protection and response” and touted experience within the MSSP, MDR, XDR and co-managed SIEM markets. In April, Cyderes purchased identification and entry administration supplier Ipseity Safety to deepen the corporate’s experience round cloud identification, entry governance and privileged entry administration. Schueler will begin as CEO Oct. 1.
“We now have constructed an amazing enterprise offering superb worth, and I’m excited to help Chris to take it to the following stage,” Herjavec said in a press release. “Chris’s appointment as CEO ensures that Cyderes will proceed to innovate and lead within the cybersecurity area.”
Herjavec mentioned he is pleased with the excessive proportion of ladies employed by Cyderes, together with the agency extending a welcoming hand to folks with nontraditional backgrounds in addition to immigrants who relocated to hitch Cyderes. Herjavec is himself as immigrant. He relocated together with his household from Croatia to Canada at age 8 with only a single suitcase and $20 in money.
“I at all times promised, if I used to be fortunate sufficient to construct a enterprise, it could be one the place we gave folks actual alternatives,” Herjavec said within the video message. “We gave alternatives the place they have been deserved.”
Exterior of cybersecurity, Herjavec is best-known for showing since 2009 as an investor on the U.S. enterprise actuality TV collection “Shark Tank.” Herjavec additionally appeared on the Canadian predecessor to the present – referred to as “Dragons’ Den” – from 2006 to 2012 and once more in 2022 and 2023. He joined the Australian model of “Shark Tank” in 2023 and continues to seem on the U.S. and Australian reveals.
“I am excited to spend extra time with my passions, investing, mentoring entrepreneurs by way of Shark Tank, and, most significantly, with my household,” Herjavec said within the video message. Neither Schueler nor Herjavec have been instantly accessible for added remark.
Adjustments Afoot at Simeio as Chris Schueler Takes Cyderes Job
Cyderes will be capable of construct on the Ipseity take care of Schueler’s personal background in identification safety from main Simeio since August 2020. Throughout that point, Simeio made its first-ever acquisition, scooping up identification providers supplier PathMaker Group so as to add SailPoint and IBM to its line card. Schueler beforehand labored at Trustwave and IBM and constructed the primary safety operations middle for the U.S. Military (see: MSP Simeio Boosts SailPoint Skills With PathMaker Group Buy).
“I am excited to steer this proficient staff with my philosophy of buyer worth mixed with operational excellence,” Schueler said. “We are going to innovate in new areas, bringing collectively the important thing parts of cybersecurity and identification, closing the chasm.”
Simeio will promote Chief Working Officer Nick Rowe to exchange Schueler as CEO. That change in command additionally will happen Oct. 1. Rowe beforehand spent greater than 14 years at cybersecurity providers supplier NCC Group, culminating in practically a decade overseeing operations in North America. Simeio mentioned it’s going to preserve its technology-focused path whereas pursuing enlargement within the identification area.