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LSE: New managing director joins the management team of LSE Leading Security Experts GmbH

(PresseBox) (Weiterstadt , ) German-based LSE Leading Security Experts GmbH, a holding of MAX21 Management- und Beteiligungen AG (ticker symbol: MA1, ISIN: DE000A0D88T), has announced the appointment of Arved Graf von Stackelberg as their new CEO. In addition to overall responsibility as CEO, he will focus his activities on the Sales and Marketing departments.

Arved Graf von Stackelberg has over 20 years of experience in leadership positions in the IT and security sector, and will drive the company's growth trends further. During his earlier career, von Stackelberg oversaw the market introduction and expansion of several well-known American IT security firms in Germany and Central Europe. These included, among others, Fortify Inc. and the security product division of Hewlett-Packard. There, he was in particular responsible for the design of sales and growth strategies, implementing them with his marketing and sales teams. His other positions have included a number of American and Israeli software startups. He was last employed by the Cloud Security provider Veracode as Director Continental Europe. 

Growth forecast for multifactor authentication: 17.7% per year through 2020

With his management know-how in the IT security industry and years of sales and marketing experience, von Stackelberg is perfect for LSE's objectives. Under his leadership, for example, the multifactor authentication (MFA) software package LinOTP could become the most-used authentication product in the globally fast-growing market of login security. In view of increasing demand for secure data management, starting with a high-quality login procedure, industry experts assume that the global MFA market will grow on average by 17.7 percent annually between 2015 and 2020, to a total volume of some 9.6 billion US dollars. Using multi-year service agreements with customers and users of LinOTP, LSE Leading Security Experts GmbH plans to take a significant part in this market potential. 

"LSE Leading Security Experts GmbH has a first-class IT security consulting team that has earned an outstanding reputation in the market over the past few years with penetration testing and code reviews. This represents an enormous potential for the future, which I would like to take advantage of," explains Arved Graf von Stackelberg.

"We are very happy to welcome Arved Graf von Stackelberg on board as the new managing director and CEO of LSE Leading Security Experts GmbH. Together with him, we will decisively drive the development of the company forward," explains Oliver Michel, CEO and co-founder of MAX21. Together with Nils Manegold, COO and CFO of MAX21, Michel will support the new CEO of LSE at the group level in implementing the growth strategy. The ongoing reinforcement of the management team at LSE Leading Security Experts already includes plans to hire another director as COO in the third quarter of 2016. 

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LSE Leading Security Experts GmbH, headquartered in Darmstadt/Weiterstadt, has made a name for themselves since their founding in 2002 as a leading manufacturer in the areas of login security and user authentication as well as a consulting service provider in the security sector. Within the company, two divisions operate independently of one another: The first specializes in adaptive multifactor authentication (MFA or 2FA) and the open-source technology LSE LinOTP developed in-house, while the second offers penetration testing, weak point analysis, and code reviews as services. LSE's clients include national and international large corporations, financial institutions, government authorities, and midsized companies. LSE is a subsidiary of the publicly traded MAX21 corporate group (MA1).

Further information at www.lsexperts.de and www.linotp.org