Eleven months after raising $1 billion in funding from Vista Equity Partners and other investors, Securonix has tapped Ivanti executive Nayaki Nayyar as its new CEO – and she promptly vowed to maintain her firm’s “integral and important” relationship with channel partners.
Nayyar, who previously served as president and chief product officer of Ivanti and is a former top executive at BMC Software and SAP, immediately replaces Sachin Nayyar (not related), the founder and former CEO of the 800-employee Securonix. Sachin Nayyar has transitioned to the role of executive chairman at Securonnix, a next-gen SIEM provider.
In a statement issued to CRN, Nayaki Nayyar, who is now one of only a handful of women running major cybersecurity companies across the globe, said she’s “excited to join Securonix as CEO and work with the team to further our mission to address the cybersecurity challenges” facing businesses and organizations today.
She also made it clear that getting to know her firm’s channel partners is high on her things-to-do list at the Addison, Texas-based Securonix.
“One of my immediate priorities is to get out in the field to meet our customers and partners to better understand how we can continue to excel in serving them,” said Nayyar (pictured) in her statement to CRN. “Channel partners will continue to be an integral and important part of our GTM strategy.“
The company, founded in 2010, didn’t disclose what percentage of its revenue now comes via the channel. But in a statement to CRN, the firm did say that “Securonix partners with the channel on a majority of new revenue opportunities.”
Nayyar is based out of San Jose, Calif. and “intends to split her time between her home in San Jose and Addison, Texas,” the company told CRN.
“She is working closely with the executive team and board of directors to onboard and looks forward to meeting the broader team and Securonix’s customers soon.”
In a press release, Sachin Nayyar, the company’s new executive chairman, saidNayaki Nayyar and Securonix make for a good fit.
“Securonix is well-positioned for sustained long-term growth with the industry-leading solution in the SIEM, UEBA and SOAR markets and strategic GTM partnerships with Snowflake and AWS,” he said.
“Nayaki’s track record of innovative corporate leadership and deep subject matter expertise make her the right leader to guide
Securonix through its next phase of growth.”
Nadeem Syed, senior managing director and head of value creation at Vista Equity Partners, agreed that Nayaki Nayyar’s expertise is exactly what Securonix needs right now.
“Nayaki is a seasoned software product leader with distinctive experience building operationally excellent platforms, while simultaneously helping customers migrate to a seamless cloud experience,” said Syed in a statement.
“Her deep product experience, coupled with her stellar track record of scaling businesses and building global teams, make her
the ideal leader to push Securonix even farther ahead of its peers in both product capabilitie and customer experience.”
In February, Securonix was the recipient of an eye-popping $1 billion growth investment, led by Vista Equity Partners, with other strategic investors that included Snowflake Ventures, Capital One Ventures, Verizon Ventures and Wipro Ventures.
As for Sachin Nayyar stepping away from CEO duties, Securonix said in a statement to CRN that he will be a “deeply involved executive chairman.”
The company statement added: “As we turn to the next phase of the company’s growth, Sachin determined a new leader was needed to help scale the company to achieve its goals. He will continue to be an integral part of the company, contributing to strategy and value creation, through his role as Executive Chairman. We will continue to benefit from his expertise and guidance.”