Armorize Technologies Secures Up-Round Series-B Financing

SANTA CLARA, CA, Jun 16 (MARKET WIRE) --
Leading Web application security provider Armorize Technologies has
secured Up-Round Series-B financing. High profile investors include
European Ambient Sound Investments (ASI), established by Skype's founding
engineers; Pacific Rim-focused Birch Venture Capital; and Silicon
Valley-based Armorize Series-A investors. The Series-B funds will drive
business development efforts worldwide.

Investments Endorse Technology and Corporate Vision

The new funding validates Armorize's position as a strong technical leader
in Web Application Security. Armorize is the pioneer in Web application
source code analysis, and leads the market in malware identification and
monitoring technologies offered via Software-as-a-Service. "We are
delighted to see the confidence that our investors have displayed," said
Armorize Founder and CEO Wayne Huang. "We are also very confident. The Web
has brought a host of security concerns and Armorize provides a suite of
advanced automated tools to combat them. This additional capital infusion
at increased valuation represents a strong endorsement for our technology
and vision."

"Armorize has a highly talented team of software security specialists who
have developed a unique patented solution for source code vulnerability
analysis," added Margus Uudam, ASI's Head of Private Equity Investments.
"We believe their holistic approach to web-application security will give
them a solid global market leader position."

Web 2.0 Drives Web Application Security Industry Growth

The funding also indicates the web application security sector's strength.
With Web 2.0's growth, malicious parties are devising increasingly
intricate means of exploiting corporate and personal information through
vulnerable web applications. Industry has recognized this, and Armorize
has built its product suite from the ground up to provide web application
security across the entire SDLC.

Armorize Appsec Suite Delivers End-to-End Web Application Security

Armorize Appsec Suite(TM) integrates advanced source code analysis with
Web Application Firewall (WAF) technology and real-time malware
monitoring to protect enterprises from compromise through vulnerable web
applications.

CodeSecure(TM) employs built-in parsers and advanced software verification
algorithms to directly analyze and identify web application source code
vulnerabilities throughout development. Delivered as a web-accessible
appliance, CodeSecure(TM) is suitable for enterprise and SaaS deployments.

SmartWAF(TM) is a host-based Web Application Firewall which integrates
with CodeSecure(TM) scan results for immediate vulnerability "hot-fix"
mitigation.

HackAlert(TM) is a 24x7 website malware injection monitoring service. With
around-the-clock scanning and alerting, HackAlert(TM) ensures subscriber
websites remain malware-free.

Since launch, Armorize has seen rapidly ramping revenues and a growing
global customer-base across Internet, Telecom, Government and Finance
verticals.

About Armorize Technologies

Armorize Technologies is a software security company focused on web
application security.

Integrating the award-winning CodeSecure(TM), HackAlert(TM) and
SmartWAF(TM) platforms, Armorize Appsec Suite(TM) delivers end-to-end web
application security.

The Armorize team has deep roots in web application security research,
winning consecutive awards at the prestigious WWW Conferences. Subsequent
recognition includes the Red Herring 100 award and being invited to Dow
Jones VentureWire Technology Showcase 2008. Armorize is headquartered in
Santa Clara, CA with its R&D center in Taiwan's Nankang Software Park.

Read more at
http://www.techcrunch.com/2009/06/16/armorize-lands-more-funding-for-web-app-sec
rity-technology/

John Linehan
Phone: +1-408-216-7893x401
Email: Email Contact
http://www.armorize.com

Copyright 2009, Market Wire, All rights reserved.

-0-