BOSTON, Jan. 24, 2023 (GLOBE NEWSWIRE) — Snyk, a leader in developer security, today announced that ServiceNow has made a strategic investment in the enterprise, enabling enterprises around the world to continue their pace of innovation securely by default. This latest development follows Snyk’s announcement of $196.5 million in Series G investment end of 2022.
Despite tougher economic conditions expected in early 2023, business leaders have a crucial role to play in ensuring their companies continue to prioritize developer productivity, technology innovation, and remediation. cybersecurity or face the very real risk of falling behind their competitors. Together, Snyk and ServiceNow are focused on helping more global enterprises realize the many tangible benefits of DevSecOps, leveraging this latest investment to continue to enhance Snyk’s leadership in the industry. Developer Security Platform. In fact, the recent customer value report revealed that Snyk customers have recognized the consolidation of security spend, massive productivity gains for developers, and significant risk reduction.
“For Snyk, this latest investment from ServiceNow represents much more than pure capital,” said Peter McKay, CEO, Snyk. “First as a customer, then as a partner, and now as a strategic investor, the ServiceNow team has proven its determination to move businesses away from slow and cumbersome legacy cybersecurity approaches, enabling global enterprises more smart to embrace a modern, developer-centric security mindset.”
“It’s been exciting to watch Snyk’s journey over the past few years – from first evangelizing their pioneering vision of bringing the security mindset to the developer stage to having thousands of customers around the world are embracing developer security,” said Philip Kirk, Senior Vice President of Business Development, ServiceNow. “With this latest investment, we are committed to working together to drive secure digital transformation outcomes for our clients.”
In addition to this latest funding, Snyk today announces a new integration with ServiceNow Vulnerability Response Solution. Currently available to common customers, this new offer brings together Snyk Open Sourceadvanced composition analysis (SCA) software backed by the company’s industry leader intelligencewith the ServiceNow platform.
This represents an important milestone for teams that rely on ServiceNow’s digital workflow solutions in their business, giving them a more complete view of their attack surface and enabling them to effectively assess risk in order to respond. faster to priority threats. Leveraging Snyk, the ServiceNow Vulnerability Response solution continues to effectively respond to security issues based on how applications are developed today. As part of a digital assembly line, modern software developers often reuse code from a variety of sources, including open source repositories. In turn, this external code often has vulnerabilities that the ServiceNow offering can now quickly identify and prioritize for rapid remediation.
” As witnessed Log4Shell, news of a code-level vulnerability immediately sends global IT teams scrambling to understand their exposure. Snyk eliminates this mad rush by embedding security throughout the modern software development lifecycle,” said Manoj Nair, Product Manager, Snyk. “This new ServiceNow integration makes Snyk a popular platform that governs how IT is serviced, enabling thousands of enterprises to strengthen their overall security posture through effective DevSecOps collaboration.”
“With new insights from Snyk, the ServiceNow Vulnerability Response solution enables security teams to better collaborate with software developers, as well as centrally manage and respond to open source vulnerabilities in applications,” said Lou Fiorello, vice president and general manager of security products, ServiceNow. “This greatly enhances ServiceNow’s ability to provide a single view of vulnerabilities in the enterprise technology environment, guiding workflows to better prioritize and accelerate vulnerability management. Together, we are driving more secure outcomes and improving the enterprise’s security posture.”
Snyk and ServiceNow will discuss further details about this new integration as well as recommended actions to improve overall application security during a webinar,”Snyk Peek: Application Vulnerabilities Delivered to ServiceNow Application Vulnerability Responsewhich will take place on Monday, January 30 at 11 a.m. ET, to register, visit https://bit.ly/3QbF2gd.
Snyk is the leader in developer security. We enable developers around the world to build secure applications and equip security teams to meet the demands of the digital world. Our developer-centric approach ensures that organizations can secure all critical components of their applications, from code to cloud, resulting in increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improvement in security. Snyk’s Developer Security Platform automatically integrates into a developer’s workflow and is specifically designed for security teams to collaborate with their development teams. Snyk is now used by over 2,500 customers worldwide, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce.
ServiceNow, the ServiceNow logo, Now, Now Platform and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.