SideChannel Inc. Announces $2M in New Revenue, Restructures to Meet Business Demand
The company moves former EVP of Sales & Marketing, David Chasteen to product and services team to expand capacity, promotes Trent Bowling to SVP of Sales
WORCESTER, MA, April 26, 2023– SideChannel Inc. (OTCQB:SDCH) announces total new annualized revenue for subscribers signed this fiscal year of $2.0 million dollars.
The provider of cybersecurity tools and services reports an increasing number of clients that require an expanded service delivery team. To meet the demand, the firm continues to grow the team of principal consultants, and is altering the structure of its executive team to better serve its clients.
Trent Bowling is promoted to senior vice president of sales. David Chasteen, former executive vice president of sales and marketing is moving away from sales and marketing to serve the growing portfolio of clients. The executive vice presidents, sales, and marketing all report directly to the CEO. The new structure allows the company to cover more ground with the same resources in place.
“I am grateful to our team for their flexibility and commitment to building a great experience for our clients,” said CEO Brian Haugli. “I want to thank David Chasteen. David’s outstanding contributions have positioned us to grow new functions important to our business. Of course, the reward for good work is more work. Congratulations to Trent Bowling, who now leads a team whose function is critical to our success.”
The company previously reported quarterly revenue growth of 48 percent year-over-year, for the for the quarter ended December 31, 2022. Total revenue for the trailing twelve months ended December 31, 2022 was $5.3 million dollars.
SideChannel recently hosted Investor Day where CEO Brian Haugli and CFO Ryan Polk shared strategic priorities, operations updates, and other recent developments. A replay of Investor Day is available at https://bit.ly/sdchinvestorday.
SideChannel creates top-tier cybersecurity programs for mid-market companies to help protect their assets. SideChannel employs a combination of skilled and experienced talent, technology tools and battle-tested processes to offer SideChannel Complete, a comprehensive suite made for hardening a companies’ defenses against cybercrime in its many forms. SideChannel’s team of C-suite-level information security officers possess a combined 400+ years of experience in the industry. SideChannel also offers Enclave; a network micro segmentation solution that simplifies securing a network in a zero-trust model. Learn more at sidechannel.com.
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Investor Relations Team