Veracode Named 20th Most Promising Company in America by Forbes Magazine

Wed Feb 20, 2013 11:27am EST

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BURLINGTON, Mass.--(Business Wire)--
Veracode, Inc., the leader in cloud-based application security testing, has been
listed at number 20 on Forbes` annual ranking of America`s Most Promising
Companies -- a list of 100 privately held, high-growth companies with bright
futures. The top 50 companies on the 2013 list appear in the February 11 print
issue of Forbes and a slide show of the top 25 can be found on Forbes.com. 

With application-driven data breaches increasing each year, there is an
ever-growing need to secure the world`s software supply chain. Enterprise
organizations have assumed unbounded risk as their investment in outsourced,
commercial, SaaS, mobile and open source software increases. Veracode helps
protect these organizations by identifying software vulnerabilities across the
supply chain, and working with customers, developers and software vendors to
correct flaws. The Veracode platform helps ensure applications, and the
organizations that use them, are protected against hackers and data loss, while
encouraging developers to deliver more secure software. 

"It is a great honor to be recognized by Forbes as one of America's Most
Promising Companies," said Bob Brennan, CEO of Veracode. "It further validates
the amazing work of our employees and recognizes our continued growth, which is
driven by the critical need to secure the world`s software. We take great pride
in working with software providers and large enterprises to make them more
competitive and more secure." 

In 2012, Veracode experienced unprecedented growth, expanding its number of
employees by 30 percent and completing its first acquisition, which deepened the
company`s mobile security offering. Veracode boasts a growing customer base
across healthcare, financial services, media and manufacturing verticals, which
include 25% of the Global 20. 

Forbes Methodology

For the Most Promising list, Forbes strove for a holistic gauge of young,
privately-held companies, trying to pin down their trajectories by looking at a
slew of variables. Over the course of six months Forbes reviewed thousands of
applications, and the final assessment is based on growth (both in sales and
hiring), quality of management team and investors, margins, market size and key
partnerships. Forbes turned to CB Insights, a Manhattan-based data research firm
that specializes in assessing private companies, to refine the search. 

About Veracode

Veracode is the only independent provider of cloud-based application
intelligence and security verification services. The Veracode platform provides
the fastest, most comprehensive solution to improve the security of internally
developed, purchased or outsourced software applications and third-party
components. By combining patented static, dynamic and manual testing, extensive
eLearning capabilities, and advanced application analytics, Veracode enables
scalable, policy-driven application risk management programs that help identify
and eradicate numerous vulnerabilities by leveraging best-in-class technologies
from vulnerability scanning to penetration testing and static code analysis.
Veracode delivers unbiased proof of application security to stakeholders across
the software supply chain while supporting independent audit and compliance
requirements for all applications no matter how they are deployed, via the web,
mobile or in the cloud. Veracode works with customers in more than 80 countries
worldwide representing Global 2000 brands. For more information, visit
www.veracode.com, follow on Twitter: @Veracode or read the Veracode Blog.

Weber Shandwick
Ellen Moss, 617-520-7138
emoss@webershandwick.com

Copyright Business Wire 2013

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