Singapore – Nozomi Networks has appointed Co-Founder Andrea Carcano as its Chief Executive Officer, returning him to the role he first held when the company was established. He succeeds Edgard Capdevielle, who led the company for the past decade and will remain involved as executive advisor.
The leadership transition comes after Nozomi Networks surpassed US$100 million in annual revenue and completed its acquisition by Mitsubishi Electric. According to the company, the change marks the beginning of a new phase focused on advancing AI-driven innovation and technical leadership in operational technology (OT), Internet of Things (IoT) and cyber-physical systems security.
Founded 14 years ago by Carcano and co-founder Moreno Carullo, Nozomi Networks began as a cybersecurity company focused on protecting industrial environments. Capdevielle joined more than a decade ago to expand the company’s commercial operations, strengthen its go-to-market organisation and support its growth.
“Edgard has been an extraordinary partner to Moreno and me for the past decade – on behalf of everyone at Nozomi, thank you, Edgard. Stepping into this role feels like returning to where our story began, only now with the conviction of everything we’ve proven since: category-defining products, the trust of the world’s most critical operators, and market leadership recognised across the industry. Moreno and I built Nozomi side by side from the very first lines of code, and side by side is exactly how we’ll lead its next chapter. This is a new Day 1 – the same hunger and audacity that started this company, now with everything it takes to win at the largest scale,” said Andrea Carcano, Co-Founder and CEO, Nozomi Networks.
The company said it has achieved several milestones over the past decade, including surpassing US$100 million in annual revenue and reaching sustained cash-flow break-even performance as a privately held OT cybersecurity company. It also said it serves customers across critical infrastructure sectors, including major oil and gas companies, pharmaceutical manufacturers and utilities.
Nozomi Networks has also been recognised in industry analyst reports, including Gartner’s Magic Quadrant for CPS Protection Platforms, the Forrester Wave for IoT Security and Gartner’s Voice of the Customer. The company said Gartner also described it as “The Company to Beat for AI in CPS Protection Platforms,” while Fast Company included it in its World’s Most Innovative Companies list.
The company said it intends to strengthen its focus on AI as cyber threats evolve and as AI plays a larger role in both offensive and defensive cybersecurity capabilities.
“This is the moment our industry has been building toward – where the pace of AI on both sides, attacker and defender, decides who leads. The joy of building what nobody has built before is why Andrea and I started this company, and it’s exactly what this next chapter is about,” Moreno Carullo, Co-Founder and CTO, Nozomi Networks, said.
Carcano said the leadership change would not affect customer support, partner programmes or the company’s product roadmap.
“Our commitment to our customers and partners doesn’t change today. Everything we do – every product decision, every collaboration, every hire – starts with the outcomes our customers need, and that will be as true a decade from now as it is today,” he said.
Meanwhile, Capdevielle said he would continue supporting the company in an advisory capacity while returning to work with early-stage companies.
“Leading Nozomi through this stage of its journey has been the honour of my career. Andrea and Moreno built something extraordinary, and I’m proud of what we accomplished together. I’m looking forward to continuing to support the team as an advisor while returning to what I love most – helping early-stage companies find their way. Nozomi’s best chapter is the one that starts today,” he concluded.
