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Richard Hyatt

Co-founder, BlueCat

CybersecurityToronto

Richard Hyatt co-founded BlueCat, the Toronto DNS and network infrastructure company, with his brother Michael in 2002, and was its chief technology officer until 2014. The brothers had earlier built Dyadem, sold to IHS in 2011. BetaKit reported in November 2023 that he joined the board of DataStealth after the pair bought control of the cybersecurity firm.

Richard hasn’t spoken on a TechTO, TechVancouver or TechWaterloo stage. This profile is here because Richard co-founded BlueCat, which appears in 2 talks in the archive.

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Quick answers

Who is Richard Hyatt?

A co-founder of BlueCat, with his brother Michael Hyatt. The Globe and Mail reported in February 2017 that the brothers launched BlueCat in 2002 after Richard bought an expensive, complex domain name server for their first company, Dyadem, and built a smaller, faster one himself.

What was Richard Hyatt's role at BlueCat?

He was chief technology officer. The Globe and Mail reported in February 2017 that he stepped back from that role in 2014 to make way for professional managers. The Creative Destruction Lab's partner page lists him as a co-founder and a director of BlueCat. Madison Dearborn Partners bought BlueCat for $400M in 2017, and Audax Private Equity bought it for $700M-plus in 2022, per The Globe and Mail in November 2023.

How is Richard Hyatt different from Michael Hyatt?

They are brothers and business partners. Michael was BlueCat's CEO and Richard its CTO, per The Globe and Mail in February 2017. In the same article, Creative Destruction Lab founder Ajay Agrawal described Michael as an extroverted big-picture thinker and Richard as an introvert who quietly helps entrepreneurs on technical issues.

What has Richard Hyatt done since BlueCat?

The Globe and Mail described him in October 2022 as CEO and founder of Candr and a founding partner and fellow at the Creative Destruction Lab. BetaKit reported in November 2023 that he joined the board of DataStealth and was working with its engineering team after the brothers bought majority control. DataStealth's homepage did not name him when checked in September 2026.

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Maintained by TechTO · facts sourced and dated · last reviewed Sep 15, 2026