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Veracode: Veracode Wins Prestigious Wall Street Journal Technology
Innovation Award; Award Recognizes Uniqueness of Veracode's Independent
Application Security Testing Solutions
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:02102008
Burlington, Mass. -- Veracode Inc., the leading provider of on-demand
application security testing solutions, today announced that The Wall
Street Journal has selected Veracode as one of the distinguished
winners of the Technology Innovation Awards. The award honors
companies, individuals and organizations world-wide for technological
breakthroughs in such areas as medicine, software, the Internet,
wireless and consumer electronics.
Matt Moynahan, CEO of Veracode, commented, "The software market is the
largest market in the world with no notion of the quality of its
security. Recent well-publicized attacks such as those against
BusinessWeek.com and Countrywide prove that even the most mainstream
companies are at risk. We've architected our services such that we not
only offer our customers a more complete view of the security of an
application, but also can assess any software, whether it is developed
in-house, offshore or bought off-the shelf. Just as hacking has become
mainstream, Veracode's goal is to make application security mainstream."
According to a recent Gartner report, "The most-critical impact of
using application security testing solutions is minimizing the risk of
possible exploitation of application vulnerabilities. Adopting this
technology will enable organizations to detect the vulnerabilities
embedded in applications before hackers detect them."*
Veracode was selected because of its unique ability to scan binary code
for vulnerabilities in software. An excerpt from the Wall Street
Journal article announcing the winners reads: "This method is just as
accurate as examining source code, says Chris Wysopal, Veracode's
co-founder and chief technology officer, but it can be used without
requiring developers to turn over the proprietary source code. More
important, it opens new uses for security testing by enabling customers
to check for vulnerabilities in software they've purchased from a
vendor or an outsourcer."
The Wall Street Journal received more than 700 entries for the
Innovation Awards, and a Journal editor narrowed the field down to the
162 that were scored by the judges. Judges looked for innovations that
broke new ground in their fields and that demonstrated some measurable
impact. Only four percent of the entries received the final award in 16
different categories. The list of award winners is included in the
print editions of The Wall Street Journal dated September 29, 2008, and
on The Wall Street Journal's web site at http://www.wsj.com.
Veracode will be honored at an awards ceremony and dinner October 21,
2008 in Redwood City, California at the Sofitel San Francisco Bay
Hotel. Featuring a keynote address by Padmasree Warrior, the chief
technology officer of Cisco Systems, the ceremony will be held in
conjunction with the Dow Jones Alternative Energy Innovations
conference.
* Hype Cycle for Infrastructure Protection, 2008, September 22, 2008
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 compliancewithout
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: Jane Folwell, Folwell PR
Tel: +44 (0)1344 845132
Tel: +44 (0)7950 033370
e-mail: jane@folwellpr.co.uk
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Copyright ? 2008 M2 Communications Ltd.
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