Burlington, Mass., April 28, 2008 – Veracode Inc., the leading provider of on-demand application security testing solutions, today announced it will enter into a strategic partnership with Tech Mahindra Limited, a leading provider of IT and business solutions to the telecommunications industry.

Tech Mahindra will leverage Veracode’s on-demand SecurityReview® service to enhance the company’s application security offering for both new and existing customers. With SecurityReview, Tech Mahindra aims to broaden its portfolio of application security services by leveraging Veracode’s patented static binary testing technology and dynamic web scanning analysis to obtain a completely independent and fully automated assessment of the security of its client’s software applications. Veracode’s SecurityReview service will be embedded into Tech Mahindra’s VIGIL application security model which delivers end-to-end application security services from secure development to security testing of applications.

"This is a critical partnership that establishes a mutually beneficial relationship for Veracode and Tech Mahindra”, said Matt Moynahan, chief executive officer of Veracode. "Veracode will support Tech Mahindra in its quest to implement innovative security solutions and to help businesses achieve new levels of security, productivity and compliance. Tech Mahindra will also provide us with security testing services for our own customers that require the most sophisticated manual penetration testing to compliment Veracode’s on-demand application security testing solution. Together, the partnership represents a tremendous opportunity for our organizations to strengthen our position as leaders in the application security space."

Tech Mahindra’s security consulting group, which is using Veracode SecurityReview, offers end-to-end security solutions including security consulting and design, security system integration, security management and operations, and security software development.

As part of the joint go-to-market offerings, Tech Mahindra will certify a number of its consultants so that they can leverage Veracode’s software ratings system which can be used to measure, rate, compare and improve application security levels. While Veracode provides automated static and dynamic security testing to generate a rating for an application, Tech Mahindra will lend its significant industry expertise to provide manual penetration testing as part of the joint offering.

“The security threat landscape is continually changing, putting organizations that do not address application security at risk. Tech Mahindra’s application security practice enhances the security levels of our client’s applications which were built in the last five or six years when application security threats were minimal. This partnership with Veracode is very strategic, giving us access to a unique, on demand application security technology, which allows us to further strengthen our application security capability as we expand into new markets,” said C. P. Gurnani, president of international operations, Tech Mahindra. “Security consulting represents a huge opportunity for us as we strive to offer our customers innovative solutions that allow us to increase our market penetration and further enhance existing relationships.”

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 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 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.

About Tech Mahindra

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra, in partnership with BT Plc. With total revenues of $648 million in the year ended March 31, 2007, Tech Mahindra is India’s 6th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.

The Tech Mahindra Security Consulting Practice specialises in assisting clients secure their business environments, achieve regulatory compliance and protect the confidentiality, integrity and availability of business information. The practice specialises in providing an integrated end to end security service, deftly managing the process and technology components of security, and putting together an intrinsic capability to deliver integrated and specialised services that address all security areas of Application Security, Network and System Security, Security Governance and Compliance, Business Continuity and Disaster Recovery, Identity and Access Management and Managed Security Services.

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 23,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Indonesia & Australia.

Contacts:
Jim Crook
Lois Paul & Partners
781.782.5734
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