5.14.07 Veracode Named As Finalist In American Business Awards

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Veracode named as finalist in american business awards^sm

Company’s Vision of ‘Secure Software for All’ Receives High Scores

Burlington, MA. – May 14, 2007 – Veracode, Inc., provider of the industry’s first on-demand application security review solutions, was named a finalist today in the Best New Company category in the 2007 American Business Awards. Hailed as “the business world’s own Oscars” (New York Post , April 27, 2005), The American Business Awards are the only national, all-encompassing awards program honoring great performances in business.

More than 2,000 entries from companies of all sizes and in virtually every industry were submitted for consideration.

“Our company was founded on the principle of providing easy and cost-effective software security reviews – whether a company needs to determine the security of software developed in house or software being purchased by an independent software vendor,” said Matt Moynahan, president and CEO of Veracode. “Our inclusion as a Stevie Awards finalist is recognition of Veracode’s innovative, patented binary analysis, our on-demand, Software as a Service business model and our software security ratings, all of which are helping raise the bar on software security.”

Launched in January, Veracode offers the industry’s first automated, on-demand security code review solutions. Veracode’s patented binary analysis solutions provide a comprehensive way to identify and remediate the security flaws in software that put businesses at risk.

“Being named a Finalist in The American Business Awards is an important achievement,” said Michael Gallagher, founder and president of The Stevie Awards. “It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition.”

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, ISS, VeriSign and Symantec, the company delivers services to identify software flaws introduced through coding errors or malicious intent. Veracode's core service, SecurityReview™, 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, 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 your applications. 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.

Based in Burlington, Mass., Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. http://www.veracode.com/