Veracode Recognized as a Leader in the Gartner 2013 Magic Quadrant for Application Security Testing

BURLINGTON, Mass. – July 09, 2013 - Veracode, Inc., the leader in application security, today announced that it has been positioned in the Leaders quadrant of Gartner, Inc's 2013 "Application Security Testing Magic Quadrant". The quadrant is based on an assessment of a company's ability to execute and completeness of vision.

According to the Gartner report: All applications — whether internally developed, procured, outsourced or cloud-based — should be tested. As discussed in "Hype Cycle for Application Security, 2012," the adoption of DAST solutions, primarily in the form of Web application testing tools, has been rapid, and are more mature than SAST offerings, but this does not eliminate the need for SAST testing. The market for AST solutions continues to evolve, and new approaches are technologies are required to test next-generation mobile, RIA, cloud and embedded applications.

Veracode application security offerings also include the Vendor Application Security Testing (VAST) service and Mobile Application Reputation Service (MARS). Combined with the power of the Veracode Platform, these solutions and services help improve the security posture of enterprise software.

Mobile computing raises new security concerns in an increasingly mobile world, where devices may be employee-owned, frequently changed, and used for both personal and business purposes, according to Gartner Research. With the growing penetration of mobile devices in the enterprise, security testing and protection of mobile application and data become mandatory precautions against attacks.

The increase in attacks exploiting security weaknesses in software used by enterprises underscores the need to address application security, said Sam King, EVP Product Strategy & Corporate Development, Veracode. We view our placement in the Leaders Quadrant as a testament to the innovation. We will continue to produce solutions like MARS and VAST to help enterprises meet this growing threat to securing their data and intellectual property.

Veracode's growth trajectory extended into 2013 with the company once again reporting record revenues for the quarter ending March 31, 2013. The company is one of the hottest places to work in the Boston area, growing its employee base by over 75 people in 2012. In addition, to Veracode's rapid growth, the company was recognized as 20th on the Forbes Most Promising Company in America list.

To read the full report visit:

Gartner, Inc. 2013 Magic Quadrant for Application Security Testing" by Neil MacDonald Joseph Feiman. July 2, 2013

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1 Source: Gartner, Inc., Hype Cycle for Application Security, 2012, Joseph Feiman, July 20, 2012