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Burlington, Mass, 26 February 2009 - Veracode Inc., the leading provider of on-demand application security testing solutions, announced today that it has been shortlisted in two categories within the SC Magazine Awards Europe. It is a finalist for the Best Vulnerability Assessment Product award (which it won last year) and also for the Best Security Solution for Financial Services. Last year Veracode won two SC Awards in Europe – including the prestigious Technology Innovation award. The Awards are voted on by an international group of senior CSOs. Winners will be announced at the SC European Awards Gala Dinner on 28 April 2009 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 are honoured to be recognised by SC Magazine for the second consecutive year,” said Matt Moynhan, CEO of Veracode. “Our success to date both in the US and Europe testifies to the power of on-demand business model and to our innovative approach to providing application risk management. In the current economic climate organisations are placing ever greater emphasis on the need to control their application risk profile and meet tougher compliance requirements. Veracode’s technology and SaaS delivery model empowers organizations to maximize their budget spend and reduce risk without the capital expenditures and implementation costs associated with on-premises hardware and software tools.”

Veracode is the only company to offer application security testing on a software-as-a-service (SaaS) 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.

About the SC Awards Europe

The SC Awards Europe are widely considered the most prestigious awards programme in the information security industry and stand out as a true benchmark of achievement. Now in their fourteenth year, the Awards have a long-standing tradition of promoting excellence. The 2009 Awards presentation will be held on 28 April at the Hurlingham Club in London. For further detail, visit http://www.scmagazineuk.com/Awards/section/341/

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 such as cross-site scripting (XSS), SQL injection, buffer overflows 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 regulatory requirements such as PCI 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, The Banker Technology award for Information Security Project of the Year 2008, SC Magazine Europe awards 2008 for Innovation and also for Best Vulnerability Assessment, Wall Street Journal’s Technology Innovation Award, 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.

Media Contacts:
Jane Folwell
Folwell PR
Tel: (44) (0)1344 845132
Mob tel: (44) (0)7950 033370
Email: jane@folwellpr.co.uk



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