Mitek Systems Nominates Mark Rossi to Enhance Board Leadership and Governance

Mitek Systems Strengthens Leadership with Strategic Board Nomination

Mitek Systems, Inc. announces the nomination of Mark Rossi to its board of directors, pending shareholder approval at the upcoming annual meeting. This strategic move aims to bolster the company's governance and oversight as it continues to expand its footprint in the digital identity verification and fraud management sectors. Rossi brings with him over 40 years of extensive experience in strategic, financial, and operational roles, having served on approximately 25 boards, including seven public companies. His diverse background is poised to enhance Mitek’s capabilities in navigating the complexities of the evolving digital landscape.

As a co-founder of Cornerstone Equity Investors, Rossi has a proven track record in managing private equity funds for over two decades, with notable investments in companies like Dell Computer and Novatel Wireless. Mitek’s CEO, Ed West, commends Rossi’s ability to cultivate strong relationships and successfully address complex challenges, underscoring his governance expertise as a critical asset for the company's growth strategy. Rossi's extensive experience includes corporate governance, mergers and acquisitions, initial public offerings, and organizational restructuring, making him a valuable addition to Mitek’s leadership team.

Rossi's current role as Chairman of the Board for Vali Cyber, a cybersecurity firm, further aligns with Mitek’s mission to protect enterprises from fraud and cyber threats. His expertise in cybersecurity will be instrumental as Mitek aims to reinforce its advanced identity verification technologies, which are trusted by over 7,900 organizations globally. This includes major North American financial institutions that utilize Mitek's mobile check deposit solutions, thereby helping them navigate regulatory obligations and mitigate risks associated with digital transactions.

In addition to the board nomination, Mitek Systems continues to focus on enhancing its product offerings and expanding its market presence. As the company navigates the challenges of a rapidly changing digital environment, the inclusion of seasoned professionals like Rossi reflects a commitment to long-term value creation and a proactive approach to risk management. Mitek's drive to bridge the physical and digital worlds will benefit from Rossi's insights, strengthening its position as a leader in digital identity solutions.

Mitek Systems remains dedicated to providing innovative solutions that enhance digital access while ensuring the security and integrity of transactions. The nomination of Mark Rossi marks a significant step in the company's ongoing journey to adapt and thrive in an increasingly complex landscape, underscoring its commitment to safeguarding enterprises and their customers from evolving cyber threats.