BURLINGTON, Mass. – April 29, 2019 – Veracode, a leading provider in application security testing (AST), today announced that David Forlizzi has been named Chief Financial Officer. Forlizzi will be responsible for overseeing Veracode’s global financial organization and corporate development function. He will report to Chief Executive Officer Sam King.
Forlizzi, brings his extensive experience from both private and publicly traded companies to Veracode along with his expertise in helping high-growth software companies pursue their market strategy globally and achieve their financial goals. A Certified Public Accountant, Forlizzi was previously the Chief Financial Officer at Infovista for 11 years, where he led the finance, legal and IT departments. Forlizzi’s background also includes accounting and leadership positions at companies like PricewaterhouseCoopers in Boston and Europe as well as advising software and technology companies on their financial, growth and business strategies.
“Today, software is an integral part of enterprises’ innovation strategy, making securing that software more important than ever before. As a pioneer and leader in the application security industry, Veracode is well positioned to help companies achieve their missions through the creation of secure software,” said Forlizzi. “I am excited to join such a vibrant culture and energetic team focused on the important work of securing the world’s software and to help continue Veracode’s impressive growth and performance in pursuing this market.”
“As we enter into the next phase of our company’s growth, having a proven leader on our team with experience in high-growth technology companies, global businesses and a combination of expertise in public and private companies will help Veracode scale our business and meet our financial goals as a company,” said CEO Sam King. “David’s financial expertise, coupled with his experience with companies in global markets will bring a fresh perspective on how Veracode can scale our company to meet the mounting demands for application security.”
Forlizzi is the latest executive to join Veracode as the company augments its leadership team upon becoming an independent company. Veracode recently announced it had achieved record financial growth while increasing its employee base by 20 percent and customer base by more than 750 new customers. The company has also delivered on new product features which allow customers to integrate security into development and enabling DevSecOps.
With its combination of automation, process, and speed, Veracode becomes a seamless part of the software lifecycle, eliminating the friction that arises when security is detached from the development and deployment process. As a result, enterprises are able to fully realize the advantages of DevOps environments while ensuring secure code is synonymous with high-quality code.
Veracode serves more than 2,000 customers worldwide across a wide range of industries. The Veracode Platform has assessed more than 8 trillion lines of code and helped companies fix more than 36 million security flaws.
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