8.13.07 Veracode President and CEO Matt Moynahan Named One of Boston's 40 Under 40

News & Events

Veracode President and CEO Matt Moynahan Named One of Boston's 40 Under 40

Award Recognizes Accomplishment of Greater Boston Leaders

BURLINGTON, Mass., August 13, 2007 – Veracode®, Inc. today announced that President and CEO Matt Moynahan has been honored with the Boston Business Journal's prestigious "40 Under 40" Award. The award recognizes 40 promising Greater Boston area business and civic leaders under the age of 40 who have made significant contributions in their respective fields.

Honorees are selected by an editorial committee after the Boston Business Journal solicits nominations from the business community.

Under Matt Moynahan’s leadership, Veracode had a very successful commercial launch in January 2007 at the RSA Conference, while raising $19.5 million dollars in venture capital funding from leading Boston venture capital firms to fuel the growth of the industry’s first automated, on-demand application security solution, which reduces the vulnerabilities in software that put businesses at risk. In July, he was at the forefront of an industry breakthrough when he introduced Veracode’s Software Security Ratings for determining the security levels in software and when he issued a challenge to the software industry – to test software for security quality before deployment, in the same way automobiles are crash tested for safety.

"I am honored to receive a Boston Business Journal 40 Under 40 award," said Moynahan. "We have greatly benefited from the opportunities that the Boston area offers as a vibrant education and technology center, and I am grateful to be identified as a contributor to this community. I look forward to continuing to give back to the community personally and professionally as we grow Veracode."

Originally from Gloucester, Mass., Moynahan attended Williams College and Harvard Business School and has held senior positions at Goldman Sachs, One Wave and Reciprocal. He most recently had been the Vice President of the $2 billion Consumer Products and Solutions division at Symantec. He was recruited to lead Veracode by Atlas and Polaris Ventures and by Maria Cirino, partner at .406 Ventures and former CEO of Guardent, also a Boston Business Journal 40 Under 40 award winner.

Moynahan is leading Veracode in its goal to reduce the number of software vulnerabilities in the industry by making it easy and cost effective for all companies to test software for security risks, whether they are developing the software in-house or purchasing applications from a third party vendor.

The Boston Business Journal will hold an awards ceremony at the Marriott Boston Copley Hotel, Thursday, October 11th, 6:00-9:00pm. For more information, go to: http://boston.bizjournals.com/boston/event/3230.

About Veracode
Veracode is the industry’s first provider of automated, on-demand application security solutions. Created by a world-class team of application security experts from @stake, Guardent, VeriSign and Symantec, the company delivers services to identify software flaws introduced through coding errors or malicious intent. The Veracode SecurityReview™ solution uses patented binary code analysis that is uniquely able to inspect entire application inventories, including components, and does not require companies to expose their valuable source code. Enterprises can now protect their intellectual property while preventing attacks allowed by vulnerabilities in applications.

As the most accurate and comprehensive solution available, Veracode makes it simple and cost-effective to implement application security best practices and reduce operational costs related to manual reviews. Whether a company is developing applications internally, purchasing software or integrating code from partners, Veracode SecurityReview provides insight to the security level of software. Outsourcing code analysis to Veracode is the easiest way to secure your software. With a pragmatic approach to application security, Veracode helps you fix what matters most to your business.
For more information about Veracode, please visit www.veracode.com.

PRESS RELEASE ARCHIVE

Site Map | Responsible Disclosure Policy | Privacy Policy | Contact Us

Veracode offers the first on-demand, application security solution that provides automated application security testing through an easy-to-use, software-as-a-service delivery model. By providing code analysis and web application security testing as a service, organizations have no software or hardware to purchase, install, maintain or upgrade.

With Veracode, enterprises can use application security assessment to achieve code security and implement testing into their secure software development life cycle at key development milestones. For enterprises that want to improve SDLC security without sacrificing profitability or competitiveness, Veracode offers SecurityReview®. SecurityReview combines static, dynamic, and manual testing capabilities and scans code after it has been compiled—at the binary level or "byte" code level rather than the source level, as other solutions do. This offers two distinct advantages: One, binary code analysis is more efficient, so vulnerabilities can be found more quickly and with fewer false positives. And two, binary code analysis is the most complete application security testing method because all code can be scanned regardless of origin.

Information on other topics related to application security assurance, SOA security, dynamic application security testing, IT risk management, static code analysis, and software security vulnerability are also available on this site.