SimSpace Appoints Industry Veteran Peter Lee to Board of Directors

BOSTON, Feb. 11, 2025 /PRNewswire/ — SimSpace, the global leader in cyber readiness and security optimization, today announced the appointment of Peter Lee to its Board of Directors. With deep expertise in scaling technology companies, private equity, and cybersecurity, Peter will be key in guiding SimSpace’s strategic growth and innovation.

Peter brings over a decade of board service experience, helping tech companies achieve successful exits. He is currently Chairman of the Board for ActiveState, an independent Board member of Chattermill, and an investment committee member of AFIG funds. Additionally, he serves as a freelance operating partner with Communitas Capital, Converge VC, Resolve Growth Partners, and other investment firms.

Most recently, Peter served as CEO of RapidMiner, an open-source AI/ML platform recognized as a Gartner Magic Quadrant Leader, where he led the company through its successful acquisition by Altair. Prior to that, he was Executive Vice President at TIBCO Software, joining through its acquisition of DataSynapse, an infrastructure software company he co-founded. Earlier in his career, Peter worked as an investment banker at JP Morgan and a strategy consultant with Deloitte.

“Peter’s experience in scaling high-growth technology companies and driving innovation will be invaluable as we continue to expand SimSpace’s impact on the cybersecurity industry,” said William “Hutch” Hutchison, CEO and co-founder of SimSpace. “His strategic insight and deep industry knowledge will help us accelerate our mission of enhancing cyber resilience for enterprises and governments worldwide. We’re thrilled to welcome him to the team.”

Peter holds an MBA from The Wharton School, an MA in International Affairs from the University of Pennsylvania, and an AB cum laude in Government from Harvard College. He is an Emeritus Board member of Upwardly Global and serves on the Development Board of Phillips Academy Andover.

“I’m excited to join SimSpace at such a pivotal time for the company,” said Peter Lee. “Cyber threats are more advanced than ever, and organizations need sophisticated training and testing capabilities to stay ahead. SimSpace is uniquely positioned to deliver the most advanced cyber ranges and security validation solutions on the market. I look forward to contributing to the company’s next phase of growth.”

For more information about SimSpace and its leadership team, visit www.simspace.com.

About SimSpace
SimSpace empowers organizations to reduce uncertainty about their cybersecurity readiness by providing a realistic, high-fidelity environment to simulate, test, and optimize their teams, tools, and processes. With automated capabilities that streamline ‘what if’ scenario exploration, organizations can uncover and mitigate potential risks and refine their strategies. Whether it’s training your people, validating changes and controls, optimizing your tech stack, or preparing for tomorrow’s cyber threats, SimSpace enables you to confidently manage risk, improve decision-making, and achieve true cyber resilience.