Burlington, Mass. – March 25, 2009 – Veracode Inc., the world’s leader for on-demand application security testing solutions, today announced The Software & Information Industry Association (SIIA) has named Veracode’s SecurityReview® service a finalist for the 2009 CODiE Awards for Best Data Security Solution and Best Security Solution. The CODiEs are the only peer-reviewed awards within the software and content industries and finalists have been rigorously reviewed by independent judges.
According to SIIA President Ken Wasch, “The competition is particularly steep this year during the 24th Annual SIIA CODiE Awards, making selection as a CODiE Finalist a real achievement. All the companies on this year’s list of CODiE Finalists should feel justifiably proud of their accomplishment in making it to this stage, and have much excitement to look forward to regarding the upcoming CODiE Awards voting.”
“We are honored to be recognized by the SIIA CODiE Awards in two separate categories,” said Matt Moynahan, CEO of Veracode. “Our continued success testifies to the power of our on-demand business model and innovative approach to providing application risk management. In the current economic climate, organizations are placing a greater emphasis on the need to manage their application risk profile and meet tougher compliance requirements while controlling costs. Veracode’s automated technology and SaaS delivery model empowers organizations to maximize their budget spend and reduce risk without the capital expenditures and implementation costs associated with on-premises hardware and software tools.”
Veracode is the only company to offer application security testing on a software-as-a-service (SaaS) subscription basis. Veracode’s SecurityReview® is the first solution to enable organizations to discover security flaws in software automatically, without releasing their valuable source code. Whether a company is buying or building software, Veracode helps improve the security quality of applications and reduce the risk associated with insecure software.
SIIA CODiE Award winners will be determined by SIIA member votes and announced at a gala at the Palace Hotel in San Francisco on May 5, 2009, in conjunction with SIIA’s co-located conferences, SIIA NetGain and the SIIA Software Summit.
About Veracode
Veracode is the world’s leader for on-demand application security testing solutions. Veracode SecurityReview is the industry’s first solution to use patented binary code analysis and dynamic web analysis to uniquely assess any application security threats, including vulnerabilities such as cross-site scripting (XSS), SQL injection, buffer overflows and malicious code. SecurityReview performs the only complete and independent security audit across any internally developed applications, third-party commercial off-the-shelf software and offshore code without exposing a company’s source code. Delivered as an on-demand service, Veracode delivers the simplest and most-cost effective way to implement security best practices, reduce operational cost and achieve regulatory requirements such as PCI compliance without requiring any hardware, software or training.
Veracode has established a position as the market visionary and leader with awards that include recognition as a Gartner “Cool Vendor” 2008, Info Security Product Guide’s “Tomorrow’s Technology Today Award 2008,” Information Security “Readers’ Choice Award 2008,” AlwaysOn Northeast’s “Top 100 Private Company 2008”, NetworkWorld “Top 10 Security Company to Watch 2007,” and Dark Reading’s “Top 10 Hot Security Startups 2007.”
Based in Burlington, Mass., Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. For more information, visit www.veracode.com.
Contact:
Beth Cossette
Lois Paul & Partners
781-782-5715 Beth_Cossette@lpp.com