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Application security vendor nominated in two award categories.

Veracode : 13 February, 2008  (Company News)
Veracode is in the finals for awards for best tool for vulnerability assessment and for technical innovation.
Veracode has been shortlisted within two categories within the SC Magazine Awards Europe. It is a finalist both for the Technology Innovation Award and also for the Best Vulnerability Assessment Product Award. The SC Awards are voted on by an international group of senior CSOs. Winners will be announced at the SC European Awards Gala Dinner on 22 April 2008 at the Hurlingham Club in London.

The key judging criteria for any product shortlisted was that it should have made "a significant contribution to genuine technical progress or change in the infosecurity business."

"We founded Veracode on the belief that if we make what once was cost-prohibitive and too technical available with the right business model and price point, organisations would take appropriate steps to secure internally developed code and implement best practices for assessing third party risk", said Matt Moynahan, CEO of Veracode. "Through the power of the on-demand business model coupled with industry leading innovation for testing applications, we believe we are helping to change the face of application testing. We have already gained a strong foothold in the US market and are gathering momentum here in Europe - although we only formally launched one year ago in the US and our outreach in to Europe is even more recent."

Veracode is the only company to offer application security testing on a software-as-a-service subscription basis. Veracode's SecurityReview® is the first solution to enable organisations to discover security flaws in software automatically, without releasing their valuable source code. Whether a company is buying or building software Veracode helps improve the security quality of applications without the need to hand over precious intellectual property by providing comprehensive identification and remediation of the security flaws contained in binary code, the very foundation of today's software applications.

"I congratulate all those businesses and individuals who have been short-listed and look forward to welcoming them to the Awards night in April", said Paul Fisher, Editor, SC Magazine UK.

Veracode is currently also shortlisted as "Novice Security Company of the Year" in the US SC Awards programme to be announced at RSA in San Francisco on 8 April. Other industry accolades achieved to date include being named as one of 10 Hot Security Startups by Dark Reading, one of 10 Security Companies to Watch by Network World and a finalist in the American Business Awards. The Company's CEO, Matt Moynahan, was also selected as one of Boston Business Journal's "40 Under 40."
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