Lacework, the security company for the cloud, has announced the appointment of Jay Parikh as Co-CEO. Parikh joined Lacework as an advisor in May following his tenure at Facebook as VP, Head of Engineering and Infrastructure, where he led a global team of tens of thousands of employees who built and scaled its software and hardware infrastructure and platforms.
Current CEO David “Hat” Hatfield, who joined Lacework in February, led the recruitment of Parikh. Hatfield will remain as Chairman and Co-CEO of the company and will continue to lead business strategy, business development/market expansion, and operations. Parikh, who will also join Lacework’s Board of Directors, will lead the company’s innovation engine, including the company’s product, engineering, and infrastructure efforts.
“Jay and I have a professional relationship and personal friendship going back more than 20 years. That type of trust and mutual respect is not only invaluable, it’s a force multiplier as we work together to build Lacework into an iconic security company,” said Hatfield. “I can’t think of a better person to lead Lacework’s technology organization as we double down on changing security forever with a platform that embraces data and automation, bridges security and DevOps, and secures the world’s shift to the cloud.”
“Joining Lacework as an advisor gave me a closer look into the potential of the company, and as I learned more, I knew immediately it was something I wanted to be a part of longer term. Lacework’s approach is profoundly different from anything else in the market, and Hat and I are excited to lead together to scale Lacework into the industry’s preferred security platform for the cloud,” said Parikh. “Together, we will broaden our leadership reach, execute with precision, deliver faster, and accelerate the growth of Lacework — all with a relentless focus on serving our customers.”
“Rocketship companies share two common characteristics – a product vision that maps to where the industry needs to go to solve a major societal problem, and a team that knows how to execute better than anyone else,” said Mike Speiser, Managing Director at Sutter Hill Ventures and a Lacework Board Member. “Jay Parikh is a proven technology leader who has a long track record of building and scaling technology organizations that change entire industries. The combination of Hat, Jay, and the other outstanding talent that Lacework has attracted, underpinned by the world’s most innovative cloud security platform, is a recipe for a breakout company and long-term success.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.