About TrustBuilder (ex-inWebo)

TrustBuilder is a leading Cybersecurity provider specialized in Identity & Access Management and Strong Authentication software solutions. TrustBuilder SaaS platform is powered by an industry-leading Passwordless and Deviceless Multifactor Authentication solution that is firmly embedded in a full Identity & Access Management platform. TrustBuilder solutions, deployed in more than 40 countries, combine airtight security with a seamless user experience for consumers and employees.

About Essling Expansion

Essling Capital is an independent asset management company specializing in unlisted assets. Essling Capital manages and advises on around 600 million euros in France and internationally. Essling Capital is authorized by the AMF, authorization number GP – 17000016.3 To better respond to the evolving market of unlisted assets, Essling Capital offers innovative investment solutions to its investors, focusing on two strategies:

> Lead investment, with Essling Expansion being a Small Cap Growth fund dedicated to rapidly growing companies in the tech/digital, software, healthcare, and B2B services sectors. After Evolucare, Matawan (formerly Ubitransport), Chabé, SPVie, TrustBuilder (formerly inWebo), and Teknimed, X-Ray Phocea is the seventh investment of the fund launched in 2019. Highly focused on external growth, international expansion, and transformation, Essling Expansion has supported the companies in its portfolio through 18 external growth operations to date.

>Co-Investment (“Essling Co-Invest”), with generalist or thematic co-investment funds (including a fund 100% dedicated to health) and single-asset funds.

Press Release

TrustBuilder announces Lionel Chmilewsky as President and Chief Executive Officer

November 28, 2023

[Paris, Ghent – November 28, 2023] – TrustBuilder, a leading provider of Cybersecurity solutions specialized in Identity & Access Management and Strong Authentication, is pleased to announce a pivotal change in its executive leadership with the appointment of Lionel Chmilewsky as its new President and CEO.

Founder and ex-CEO Olivier Perroquin will remain a member of the Board of Directors of the group.

Lionel Chmilewsky is an accomplished industry leader with more than 15 years of CEO experience in running international companies in the Technology, Software and Cybersecurity domains. Prior to joining TrustBuilder, Lionel was CEO of Corero, a London Stock Exchange listed Cybersecurity company. Before that, Lionel served as CEO of Comverse IP Communications and as CEO of Cambridge Broadband Networks.

Rémi Matuchansky, Chairman of the Board and partner of Essling Expansion (majority shareholder of TrustBuilder), said “we are very pleased to welcome Lionel as our new President and CEO. We are confident that he brings the perfect blend of international industry expertise and business and strategic foresight to allow TrustBuilder to reach new heights.” Remi added “I would also like to thank Olivier for his unique contribution in building and growing TrustBuilder to become one of leading European companies in Identity & Access Management and Strong Authentication”.

“I am very excited to join the TrustBuilder team and to be given the opportunity to take the company to the next levels” shared Lionel Chmilewsky. “TrustBuilder has very talented teams, a strong syndicate of investors, cutting-edge and differentiating Identity & Access Management and Strong Authentication solutions and an impressive list of customers and partners”.

About TrustBuilder (ex-inWebo)