Posted on 10/06/2024 2:59:45 AM PDT by blueplum
WASHINGTON (AP) — The future was once dazzling for IronNet.
Founded by a former director of the National Security Agency and stacked with elite members of the U.S. intelligence establishment, IronNet promised it was going to revolutionize the way governments and corporations combat cyberattacks.
Its pitch — combining the prowess of ex-government hackers with cutting-edge software – was initially a hit. Shortly after going public in 2021, the company’s value shot past $3 billion.,,,
IronNet’s rise and fall also raises questions about the judgment of its well-credentialed leaders, a who’s who of the national security establishment. National security experts, former employees and analysts told The Associated Press that the firm collapsed, in part, because it engaged in questionable business practices, produced subpar products and services, and entered into associations that could have left the firm vulnerable to meddling by the Kremlin..
“I’m honestly ashamed that I was ever an executive at that company,” said Mark Berly, a former IronNet vice president. He said the company’s top leaders cultivated a culture of deceit “just like Theranos,”....
(Excerpt) Read more at apnews.com ...
naming names: Mark Berly, Keith Alexander, Mike McConnell, Jack Keane, Mike Rogers, Matt Olsen, Andre Pienaar, Mike Mullen, Sir Iain Lobban, Harry Coker Jr., Ronald Moultrie, Viktor Vekselberg, Vladimir Kuznetsov, Rob Mathieson,
Sounds like your classic pump and dump stock scheme, build up a company with a great looking resume and great promises, the stock shoots up, all the main players become rich and cash out, the company tanks and the people at the bottom get stuck with nothing.
produced subpar products and services
_____
Like every other government enterprise.
“IronNet’s rise and fall also raises questions about the judgment of its well-credentialed leaders, a who’s who of the national security establishment. National security experts, former employees and analysts told The Associated Press that the firm collapsed, in part, because it engaged in questionable business practices, produced subpar products and services, and entered into associations that could have left the firm vulnerable to meddling by the Kremlin..”
sounds like that same bunch of deep state “geniuses” who keep signing letters attacking Trump because they’re afraid of ending up in prison ...
Sounds like it was a top heavy firm. Lots of “Chiefs” (to bring in clients) with no regard for the Injuns doing the actual work. If you goal is to make an immoral quick buck, its an effective strategy.
You can bet (Insider Info) Nanzi Pelosi didn't lose any money in the scheme.
Being associated with Mike Mullen would certainly be shameful for me.
"It is my personal belief that allowing gays and lesbians to serve openly would be the right thing to do," Adm. M. Mullen, USN--Feb. 2, 2010.
Collapse of national security elites’ cyber firm leaves bitter wake
Associated Press ^ | 03 Oct 2024 | By ALAN SUDERMAN
Posted on 10/6/2024, 2:59:45 AM by blueplum
WASHINGTON (AP) — The future was once dazzling for IronNet.
Founded by a former director of the National Security Agency and stacked with elite members of the U.S. intelligence establishment, IronNet promised it was going to revolutionize the way governments and corporations combat cyberattacks.
Its pitch — combining the prowess of ex-government hackers with cutting-edge software – was initially a hit. Shortly after going public in 2021, the company’s value shot past $3 billion.,,,
IronNet’s rise and fall also raises questions about the judgment of its well-credentialed leaders, a who’s who of the national security establishment. National security experts, former employees and analysts told The Associated Press that the firm collapsed, in part, because it engaged in questionable business practices, produced subpar products and services, and entered into associations that could have left the firm vulnerable to meddling by the Kremlin..
“I’m honestly ashamed that I was ever an executive at that company,” said Mark Berly, a former IronNet vice president. He said the company’s top leaders cultivated a culture of deceit “just like Theranos,”....
(Excerpt) Read more at apnews.com …
“I’m honestly ashamed that I was ever an executive at that company,” said Mark Berly, a former IronNet vice president. He said the company’s top leaders cultivated a culture of deceit “just like Theranos,”....
I know the feeling, many probably do.
Worked for a notable defense contractor, we referred to such individuals as “Golden Rolodexs”, because the higher ups thought they’d bring in business. Quite the opposite. Their contemporaries in government had mostly retired, and those who had been under them hated them and enjoyed not returning their calls. So they’d get fancy offices, stock options, and prove worthless.
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