Veracode Named "Cool Vendor" by Leading Analyst Firm Wednesday 9 April 2008 PDF Print Vendors selected for the “Cool Vendors in Application Security and Authentication” report are innovative, impactful and intriguing BURLINGTON, Mass., USA – 9 April 2008 – Veracode Inc., exciting innovator in application security testing solutions, has been included as one of five "Cool Vendors" in the April 2008 “Cool Vendors in Application Security and Authentication, 2008” report by Gartner, Inc. According to the report, “Chief information security officers (CISOs) and other security decision makers should be prepared to consider innovative new vendors in the application security and authentication markets. The vendors' offerings will not necessarily be appropriate for every enterprise's needs, but they point to important new directions in their market spaces.” The report continued, “Providing software security testing services through an automated software-as-a-service (SaaS) business model is an approach that should appeal to enterprises that lack the application security skills or resources to conduct application security testing on their own.” Veracode’s SecurityReview® is the first application security testing solution available as an on-demand service, making it easy and cost-effective for organizations to produce and purchase more secure code. Veracode’s patented on-demand service is the industry’s only solution that can inspect the software executable (binary code) and find application vulnerabilities as well as malicious code such as hidden backdoors, providing the most thorough application security audit in the marketplace. “Veracode is unique in the application security testing space not only because of our service delivery model, but because we are able to inspect application code at the same level that it is attacked – the binaries,” said Matt Moynahan, CEO at Veracode. “Hackers attack binaries, not source code, and SecurityReview provides the most complete security audit across internally developed applications, third-party commercial off-the-shelf software and offshore code. With a single subscription, enterprises have a holistic view into the security posture of their application inventory – regardless of where it was sourced from.” About Gartner’s Cool Vendors Selection Process Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months. About Veracode Veracode is the leading provider of on-demand application security testing solutions. Created by a world-class team of application security experts, 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 and dynamic web 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’s 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. Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. www.veracode.com. This press release was distributed by ResponseSource Press Release Wire on behalf of Jane Folwell in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.