F5 Welcomes Haiyan Song as Executive Vice President of Security

Rhea-AI Summary

F5 Networks (NASDAQ: FFIV) announces the appointment of Haiyan Song as Executive Vice President of Security, effective January 4, 2021. Song joins from Splunk, where she significantly grew the Security business from $100 million to over $1 billion. F5's security revenues exceed $750 million, positioning them as the second-largest player in global application security. The company anticipates a growth in their addressable market from $8 billion to $15 billion by 2023. Song's expertise in cybersecurity and SaaS is expected to drive F5's future growth.

Positive

• Haiyan Song's appointment is expected to enhance F5's strategic position in application security.
• F5's security revenues exceed $750 million, indicating strong market presence.
• Projected growth of the application security market from $8 billion to $15 billion by 2023 presents significant opportunities.

Negative

• None.

F5 Networks (NASDAQ: FFIV) today announced that Haiyan Song will be joining the company as Executive Vice President of Security, starting January 4, 2021. Song joins F5 from Splunk where she led the Security business as Senior Vice President and General Manager of Security Markets. Song will build on F5’s position as the second-largest global application security player, with over $750 million in security revenues, and drive the company’s next phase of growth in security.

“Haiyan is an industry thought leader and visionary with extensive cybersecurity and SaaS experience, including a track record of helping to grow Splunk’s Security business from $100 million to over $1 billion (USD),” said François Locoh-Donou, President and CEO of F5. “By 2023, our addressable opportunity within the application security market is expected to reach $15 billion, growing from $8 billion today. Haiyan’s industry knowledge, data analytics background, and deep domain expertise in security will support our efforts to capture this growth by securing every app anywhere as our customers adapt to their changing environments.”

In her more than 20-year career, Song has held several leadership positions, including Vice President and General Manager at HP ArcSight, Vice President of Engineering at ArcSight, and Vice President of Engineering at SenSage. Haiyan started her career at IBM/Informix, building trusted regional database management systems for Federal customers.

Song also currently serves on the board of CSG, a provider of revenue management and digital payments. Haiyan also served on the board of LLamasoft, an AI-powered supply chain analytics software company that was acquired by Coupa in November 2020. She holds an M.S. from Florida Atlantic University and studied Computer Science in Tsinghua University in China.

She will be based out of F5’s San Jose location.

About F5

F5 (NASDAQ: FFIV) is a multi-cloud application security and delivery company that enables our customers—which include the world’s largest enterprises, financial institutions, service providers, and governments—to bring extraordinary digital experiences to life. For more information, go to F5.com. You can also follow @F5 on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies.

F5 is a trademark or service mark of F5 Networks, Inc., in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.

SOURCE: F5 Networks

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217005626/en/

FAQ

Who is Haiyan Song and what is her role at F5 Networks?

Haiyan Song is the new Executive Vice President of Security at F5 Networks, starting January 4, 2021.

What was Haiyan Song's previous position before joining F5 Networks?

Before joining F5, Haiyan Song was Senior Vice President and General Manager of Security Markets at Splunk.

What are F5 Networks' current security revenues?

F5 Networks currently reports over $750 million in security revenues.

What is the projected market growth for application security by 2023?

The application security market is projected to grow from $8 billion to $15 billion by 2023.

What is the significance of Haiyan Song's appointment for F5 Networks?

Haiyan Song's extensive experience in cybersecurity is expected to drive F5's growth in the application security sector.