In a strategic move aimed at accelerating growth and expanding its cybersecurity footprint, Cynet has appointed industry veteran Jason Magee as its new Chief Executive Officer. Magee, who previously helmed ConnectWise, takes over from Cynet Founder Eyal Gruner, who will transition to the company's Board of Directors while serving as a strategic advisor.
The appointment signals a new era for Cynet, a company that has steadily grown from an ambitious startup into a global leader in cybersecurity. Under Gruner’s leadership, Cynet achieved record-breaking growth in 2024, doubling net new annual recurring revenue (ARR) and posting an all-time high efficiency score. Now, with Magee at the helm, the company is poised for its next phase of expansion and innovation.
A Strategic Transition for a High-Growth Company
Gruner, reflecting on his tenure, emphasized the importance of continuity and vision in the leadership shift. “It has been an extraordinary privilege to lead Cynet, challenge the cybersecurity status quo, and bring the All-in-One Cybersecurity Platform to life,” he said. “As Cynet scales globally from a position of strength, I am confident Jason is the ideal leader to chart our next chapter.”
Magee brings with him a wealth of experience in scaling businesses, optimizing operations, and fostering robust partner ecosystems. During his tenure as CEO of ConnectWise, he led the company through unprecedented growth, expanding its cybersecurity offerings and increasing ARR by 300%. His leadership also drove profitability up by over 500%, reinforcing ConnectWise’s status as a dominant force in the managed service provider (MSP) market.
Positioning Cynet for Market Domination
Magee steps into his new role at a critical time for the cybersecurity industry. With the volume and sophistication of cyberattacks continuing to rise, demand for managed cybersecurity services is at an all-time high.
“There is no greater honor than to lead a company whose purpose is protection,” said Magee. “Eyal has built an incredible business based on innovation and trust, and we have a strong team in place to build on that legacy. The All-in-One Cybersecurity Platform is purpose-built to meet the surging demand, and Cynet is resonating in the market. As we embark on this journey together, I am motivated by the tremendous opportunity to accelerate growth while delivering even greater value for our partners and customers worldwide.”
Magee and Gruner are working closely to ensure a seamless transition, prioritizing stability for Cynet’s customers and partners. “Jason and I share a commitment to tackling the most pressing challenges facing cybersecurity leaders today,” said Gruner.
The Industry’s Confidence in Cynet’s Future
The appointment of a high-caliber executive like Magee underscores Cynet’s market strength and momentum. Douglas Brockett, Cynet’s Executive Chairman, expressed his confidence in the company’s future under its new leadership. “Based on the transformational journey Jason led for ConnectWise, I share Eyal’s confidence in Jason’s strategic capabilities, operational effectiveness, and decisiveness to capitalize on growth opportunities in the channel.”
Magee’s arrival follows a banner year for Cynet, which recently distinguished itself as the only cybersecurity vendor to achieve 100% Protection and 100% Detection Visibility in the 2024 MITRE ATT&CK Evaluation. The company’s All-in-One Cybersecurity Platform also demonstrated an impressive 426% ROI, as validated by a Forrester Total Economic Impact Study.
Looking ahead, Magee is set to leverage these achievements to further Cynet’s mission of making cybersecurity more intuitive, accessible, and effective for businesses worldwide. With innovation, channel expansion, and customer-centric strategies at the core of his vision, the industry will be watching closely as Cynet enters its next phase of growth.