Snyk CEO Peter McKay on Making Defense Easier for DevelopersWhy Open-Source, Container, Code and Cloud Security Should Be in One Pane of Glass
The nearly $200 million it raised in December will allow Snyk to consolidate the developer security market through organic investment and acquisitions, says CEO Peter McKay.
Snyk has focused on giving clients a 360-degree view of applications by integrating open-source security, container security, infrastructure-as-code security and cloud security together, he says. The company's buy of Fugue in February has helped developers address issues in a single pane of glass, while TopCoat's analytics engine gives developers and security teams access to critical information in dashboard reports (see: Snyk Raises $196.5M Weeks After Laying Off 14% of Workforce).
"We think developer security still remains highly fragmented," McKay says. "It's a space where we've made six acquisitions over the past two and a half years, and we see an opportunity for us to continue to aggressively build that road map organically, which we've done a lot, and inorganically, which we'll increasingly do. It's a huge opportunity for us to really take advantage of this market headwind."
In this video interview with Information Security Media Group, McKay also discusses:
- The primary drivers behind the fastest-growing segment of Snyk's business;
- What the Synopsys-WhiteHat and Palo Alto-Cider deals mean for the market;
- The impact of layoffs in June and October on Snyk's technology strategy.
McKay has led Snyk since June 2019. Prior to that, he spent two and a half years as co-CEO and president of backup and data management platform Veeam. Before that, McKay spent three and a half years leading desktop-as-a-service company Desktone and spearheading its acquisition by VMware, where he ran the virtualization giant's $3.7 billion Americas business. Prior to joining Desktone, McKay spent nearly eight years leading web application security vendor Watchfire, which was acquired by IBM in June 2007.