JFrog Appoints Unity CFO Luis Felipe Visoso to Board of Directors

JFrog Appoints Seasoned Cloud & Security Executive Leader Luis Felipe Visoso to its Board of Directors

Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723527390/en/ "We are thrilled to welcome Luis to our Board of Directors and Audit Committee," said Shlomi Ben Haim, Co-Founder and CEO of JFrog. "His extensive experience as a CFO and head of business operations within global enterprise software companies will be invaluable as JFrog continues its growth trajectory." Visoso currently serves as CFO of Unity Software Inc. (NYSE: U), creator of the widely used 3D game development engine, a role he has held since March 2021. He brings CFO and senior leadership experience at public companies, including Palo Alto Networks (Nasdaq: PANW), Amazon Web Services (Nasdaq: AMZN), and Cisco (Nasdaq: CSCO). While in his role at Unity, Visoso served on the Board of Directors at Splunk Inc., a public company specializing in data platform solutions for security and observability that was recently acquired by Cisco. Visoso also brings significant knowledge of international financial markets, having worked in global positions across Latin America, Europe and the United States. "I am very impressed by the company's vision for protecting the software supply chain," said Mr. Visoso. "I believe in the growth of the DevOps industry, and JFrog's ability to serve as the gold standard for developers, data scientists, and security experts worldwide. I am honored to join the Board of Directors and look forward to working with Shlomi and the rest of the board." From September 2020 to March 2021, Visoso served on the Unity Board of Directors, including as a member of the Audit Committee. Visoso holds a bachelor's degree from Tecnológico de Monterrey. To learn more about Visoso and the opportunities he sees for JFrog in its next phase of growth read this blog. Like this story? Tweet this: .@jfrog adds seasoned business and financial leader @visoso_lf to its Board of Directors. Learn More: https://jfrog.co/3y8medg #DevOps #MLOps #BoD About JFrog JFrog Ltd. (Nasdaq: FROG), is on a mission to create a world of software delivered without friction from developer to device. Driven by a "Liquid Software" vision, the JFrog Software Supply Chain Platform is a single system of record that powers organizations to build, manage, and distribute software quickly and securely, ensuring it is available, traceable, and tamper-proof. The integrated security features also help identify, protect, and remediate against threats and vulnerabilities. JFrog's hybrid, universal, multi-cloud platform is available as both self-hosted and SaaS services across major cloud service providers. Millions of users and 7K+ customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation. Learn more at www.jfrog.com or follow us on X @JFrog. Cautionary Note About Forward-Looking Statements This press release contains "forward-looking" statements, as that term is defined under the U.S. federal securities laws, including, but not limited to, statements regarding our expectations regarding growth in the DevOps, AI/MLOps and security markets. These forward-looking statements are based on our current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog's actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. There are a significant number of factors that could cause actual results, performance or achievements, to differ materially from statements made in this press release, including but not limited to risks detailed in our filings with the Securities and Exchange Commission, including in our annual report on Form 10-K for the year ended December 31, 2023, our quarterly reports on Form 10-Q, and other filings and reports that we may file from time to time with the Securities and Exchange Commission. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. We disclaim any obligation to update forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20240723527390/en/

JFrog appoints Unity CFO to its board By Investing.com

SUNNYVALE, Calif. - JFrog Ltd. (NASDAQ:FROG), a company specializing in software supply chain solutions, announced today the appointment of Unity CFO Luis Felipe Visoso to its Board of Directors and Audit Committee. Visoso's appointment is part of JFrog's efforts to expand its expertise and influence in the DevOps, DevSecOps, and AI/MLOps markets. Visoso brings a significant track record in financial leadership and global operations, having held CFO positions at Unity Software Inc. (NYSE:U), Palo Alto Networks (NASDAQ:PANW), Amazon (NASDAQ:AMZN) Web Services (NASDAQ:AMZN), and Cisco (NASDAQ:CSCO). His experience spans across various sectors including cybersecurity, cloud, and software industries, which will support JFrog's growth strategies. Shlomi Ben Haim, Co-Founder and CEO of JFrog, expressed enthusiasm for Visoso's addition to the board, citing his extensive background as beneficial for the company's continued expansion. In his career, Visoso has demonstrated a strong understanding of international financial markets, with roles that have taken him through Latin America, Europe, and the United States. Prior to his current role at Unity, he served on the board at Splunk (NASDAQ:SPLK) Inc., which was recently acquired by Cisco. Visoso commented on his new role, expressing admiration for JFrog's vision and his belief in the company's potential to lead the industry. His previous board experience includes a stint on Unity's Board of Directors from September 2020 to March 2021. JFrog's platform aims to streamline software delivery from developers to devices, emphasizing security and efficiency. The company serves a global customer base, including many Fortune 100 companies. The information in this article is based on a press release statement from JFrog Ltd. The press release also contains forward-looking statements regarding JFrog's market growth expectations, which are subject to risks and uncertainties. These statements do not guarantee future performance and are current as of the date of the press release. In other recent news, Amazon, the online retail giant, has been subject to a series of significant developments. Amazon's Italian subsidiary faced a €121 million confiscation by Italian tax police due to allegations of tax evasion and labor violations. The company's logistics division, Amazon Italia Transport, is accused of bypassing tax and labor regulations, which allegedly allowed competitive service pricing within the Italian market. On the global stage, G20 finance ministers are discussing a global tax agreement, known as "Pillar 1," which could impact major U.S. tech companies, including Amazon. The aim is to replace individual digital services taxes with a system that redistributes taxing rights among a wider array of global firms. In terms of financial performance, Amazon has seen impressive results from its Prime Day event. U.S. online sales hit a record $14.2 billion during the 48-hour sales event, representing an 11% increase from the previous year. The event kicked off the back-to-school shopping season, with significant jumps in spending related to back-to-school purchases. In the financial sector, the financial services firm Needham raised its price target on Amazon shares to $210 from $205, maintaining a Buy rating. The firm highlighted the potential upside from Amazon's Generative AI initiatives and valued Amazon's live streaming platform, Twitch, at $46 billion. These are some of the recent developments involving Amazon. With the appointment of Luis Felipe Visoso, who has a notable background including a CFO role at Amazon Web Services, it's worth considering how Amazon (NASDAQ:AMZN) is performing, as it may shed light on the expertise Visoso brings to JFrog. Amazon is currently a dominant force in the Broadline Retail industry, as highlighted by InvestingPro Tips. This prominence could be a boon for JFrog, as Visoso's experience in steering such a significant player could translate into valuable insights for JFrog's expansion strategies. Amazon's financial health is robust, with a market capitalization of $1.9 trillion USD, reflecting its massive scale and investor confidence. Its ability to generate cash flows that can sufficiently cover interest payments is a testament to its operational efficiency, which is another area of expertise Visoso could potentially transfer to JFrog. Moreover, Amazon's moderate level of debt, as per InvestingPro Tips, indicates a balanced approach to leveraging, which is crucial for sustainable growth -- a strategy JFrog could benefit from as it seeks to expand. Investing in knowledge is key, and for those looking to delve deeper into the financial metrics that drive companies like Amazon, InvestingPro offers further insights. There are an additional 10 InvestingPro Tips available for Amazon, which could provide valuable context for investors and enthusiasts alike. To access these insights and enhance your investment strategy, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.