Former StarTek CEO Larry Jones Named Executive Chairman of Coalfire

Industry veteran will focus on growth initiatives and the development of the next generation of Navis™ SaaS offering. End Quote

Denver, CO (1888PressRelease) January 25, 2013 - Coalfire, a leading independent IT governance, risk and compliance (IT GRC) firm, has named Larry Jones to the newly created position of executive chairman. Jones has been on Coalfire's board of directors since August 2011.

Jones has more than 25 years of experience building, operating and growing both public and private companies in a number of industries, including enterprise software, IT and marketing services and business process outsourcing. He has served as the CEO of six companies and as a director for 13 private equity, public and VC-backed companies, and two in an executive chairman capacity.

"Larry is a long-time advisor and friend, and his technology, leadership and transaction experience will add depth to the management team," said Rick Dakin, Coalfire's CEO and co-founder. "Together, I am confident that we can create a global company that dramatically changes the IT audit and compliance industry."

Since 2001, Coalfire has grown into a national leader of independent IT GRC services. The company's growth has accelerated since in raised new capital in 2010. Recent milestones include:

• Served over 1,000 clients in 2012 in the retail, healthcare, financial services and government sectors;
• Expanded staff from under 50 in 3 offices in 2010 to over 150 in 7 offices today;
• Launching Navis, Coalfire's SaaS IT GRC self-assessment solution;
• Established thought leadership for cloud security, mobile audit and service provider compliance reporting;
• Acquired an IT GRC firm in California's Silicon Valley 2012;
• Became one of the first certified FedRAMP 3PAO assessor firms in the country to federal service cloud service providers

"It is an honor to join Rick Dakin and his executive team who founded Coalfire in 2001 and have built it into a nationally recognized IT GRC firm." said Jones. "I joined Coalfire as Executive Chairman because I saw the opportunity to continue this growth and provide the leadership over new strategic business initiatives, M&A and the raising of new capital to fund the company's growth." he added.

About Coalfire Coalfire is a leading, independent information technology Governance, Risk and Compliance (IT GRC) firm that provides IT audit, risk assessment and compliance management solutions. Founded in 2001, Coalfire has offices in Dallas, Denver, Los Angeles, New York, San Francisco, Seattle and Washington D.C. and completes thousands of projects annually in retail, financial services, healthcare, government and utilities. Coalfire's solutions are adapted to requirements under emerging data privacy legislation, the PCI DSS, GLBA, FFIEC, HIPAA/HITECH, HITRUST, NERC CIP, Sarbanes-Oxley, FISMA and FedRAMP. For more information, visit www.coalfire.com.

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