Raytheon-Vista JV Forcepoint Appoints Matthew Moynahan as CEO

Forcepoint, a cybersecurity product joint venture of Raytheon (NYSE: RTN) and Vista Equity Partners, has appointed Matthew Moynahan as CEO effective May 9.

ForcepointÂ said Wednesday Moynahan will bring 20 years of experience in information technology, cloud services and security intelligence, as well as a background inÂ sales and management.

Moynahan willÂ succeed acting Forcepoint CEOÂ Jim Hagan, who will assume theÂ role of chief operating officer.

Forcepoint formed out of Raytheon’sÂ estimatedÂ $1.7 billion investment and subsequent acquisition of an 80-percent stake in the cybersecurity products companyÂ formerly known asÂ Websense in April 2015.

The Forcepoint ventureÂ operated under the name ofÂ Raytheon WebsenseÂ prior to its rebrandÂ in January.

Raytheon CEO Thomas Kennedy, also Forcepoint board chairman, said Moynahan willÂ lead the JVÂ as it completesÂ integration activity from the defense contractor’s acquisition of majority ownership.

Moynahan previously held leadership roles atÂ Reciprocal, SymantecÂ (Nasdaq: SYMC)Â and Veracode, where he wasÂ president and CEO.

He was also part ofÂ NetScout Systemsâ€™ senior executive leadership team and worked as president of its security division after the company acquiredÂ Danaher Corporation, where he served as president of itsÂ Arbor Networks subsidiary.

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