Burlington, MA – May 28, 2009 – Veracode Inc., provider of the world’s leading Application Risk Management Platform, today announced CEO Matt Moynahan is a finalist for the Ernst & Young Entrepreneur Of The Year® 2009 Award in the New England region. Celebrating its 23rd anniversary, the Ernst & Young LLP awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities.

Ernst & Young`s year-long program is the only global business recognition program held on six continents, in more than 50 countries and over 135 cities. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement.

“Entrepreneurs contribute so much to our economy and the fabric of this nation,” said Kim Reinert Ernst & Young LLP Entrepreneur Of The Year Program Co-Chair for New England. “These finalists help our region create jobs, while encouraging community growth, development and innovation. We are pleased to honor them.”

Selected as one of 35 finalists from over 100 applicants, Matt has dedicated his career to tackling the security challenges facing government and enterprise markets. In 2007, he founded Veracode, the world’s first company to offer subscription-based application risk management services and has positioned the company as a disruptor, challenging the market with its unique ability to assess the security of any software application.

Of being nominated for this award, Matt comments: “This is really a tribute to the Veracode team and all of the success we’ve experienced over the past year. We founded Veracode on the belief that we could solve many of the security challenges facing the software industry in a fundamentally different and more effective way. Ernst and Young’s recognition of that work truly validates all of the company’s efforts.”

The 2009 New England award recipients will be announced at an exclusive black tie gala event on June 16, 2009 at the Marriott Newton Hotel and winners are submitted for consideration for the national Entrepreneur Of The Year awards held in Palm Springs, California, on November 14, 2009.

About Veracode

Veracode provides the world’s leading Application Risk Management Platform. Veracode SecurityReview‘s patented and proven cloud-based capabilities allow customers to govern and mitigate software security risk across a single application or an enterprise portfolio with unmatched simplicity. Customers include the world’s largest and most security aware organizations in every industry. Recognized as a Gartner “Cool Vendor,” The Wall Street Journal’s “Technology Innovation Award,” The Banker’s “Information Security Project of the Year” with Barclays, SC Magazine’s “Best Vulnerability Assessment Solution,” Information Security “Readers’ Choice Award,” and AlwaysOn Northeast’s “Top 100 Private Company,” Veracode is Software Security Simplified™. For more information, visit www.veracode.com.

Contact:
Beth Cossette
Lois Paul & Partners
781-782-5715 Beth_Cossette@lpp.com