Cynet appointed Jason Magee as its new Chief Executive Officer, taking over from founder Eyal Gruner, who will now serve on the Board of Directors. Magee, previously the CEO of ConnectWise, brings two decades of leadership experience and a proven track record, having increased ConnectWise’s annual recurring revenue by three hundred percent and profitability by over five hundred percent. He expressed excitement about leading Cynet during a critical growth period, especially as demand for managed cybersecurity services rises. Under Gruner, Cynet achieved significant milestones, including a perfect score in the 2024 MITRE ATT&CK Evaluation, detecting one hundred percent of threats tested and blocking all simulated attacks.
Why do we care?
Bringing in Jason Magee signals that Cynet is shifting from a founder-led growth strategy to a more structured, scale-focused approach. Magee’s track record at ConnectWise—tripling recurring revenue and significantly boosting profitability—suggests Cynet is preparing for aggressive expansion, possibly eyeing new markets, acquisitions, or even a future exit (IPO or acquisition).
Magee’s background at ConnectWise is notable because it suggests Cynet may be looking to deepen its engagement with managed service providers (MSPs) and managed security service providers (MSSPs). Cynet has historically positioned itself as an easy-to-deploy security solution for mid-market companies—expect more MSP-friendly offerings, integrations, or even new pricing models.