Tuesday, June 30, 2009

General Peter Pace Lands Another Board Slot with Defense CyberSecurity Firm

Qualys announced the appointment of General Peter Pace to its Board of Directors. Qualys provides cyber security services. Products include defense department applications. Business Wire reported:

With four decades of distinguished Marine Corps service, most recently as the 16th Chairman of the Joint Chiefs of Staff of the U.S. Military, General Pace brings expertise and interest in cybersecurity and geopolitical issues to help guide Qualys expansion within state and government agencies.

"Qualys, who pioneered the Software-as-a-Service (SaaS) model for IT security and compliance, has demonstrated significant traction and industry leadership. Qualys continues to help organizations and government agencies address the significant security challenges we are facing,” said General Pace. “Cybersecurity threats have become a national priority and I look forward to working with the Qualys team to provide strategic guidance around the issues that affect IT security and foreign and domestic governance

This makes the fifth company utilizing General Pace's management skills and insider political connections. The list includes:

Berman Capital
SM&A Strategic Advisers (first year compensation $560,000 for part time work)
Neohapsis (owned by Trident Capital, which also owns Qualys)

Qualys is privately owned, mostly by venture capital firms. The firm did not release Peter's board compensation. General Pace is an insider in America's Government-Industrial Monstrosity, Eisenhower's Military-Industrial Complex on steroids. He mines his contacts for big money. Obama's General James Jones loves Cyber-Warfare, Peter Pace wins.

Update: General Pace landed a board seat with Pike Electric Corporation.

Update 11-21-10:  Pace is now on the board of ILC Industries and Pelican Products, according to Pike's SEC filing.

Update 3-18-11:   General Pace sits on the board of AAR Corp.  It's Government and Defense Services division is the fastest growing segment and now provides the largest share of revenue.  Pace received 2,000 shares in a restricted stock award.