Fortify Software Expands Leadership in Global Software Security Market with Key Customer Wins

Printer-friendly versionPDF version

Worldwide Enterprises In Key Verticals Including Financial Services, Software and Healthcare Fuel Rapid Adoption of Fortify’s Proactive Application Security Solutions.

Palo Alto, Calif. – July 13, 2006 -Fortify Software Inc., the market-leading provider of security products that help companies identify, manage and remediate software vulnerabilities to mitigate enterprise security risk, today announced rapid adoption and accelerated deployment of its solutions by numerous new customers. Fortify Software’s revenue in the first half of 2006 more than tripled versus the first half of 2005; second quarter 2006 momentum was driven by over 20 new customer wins including ABN AMRO, Honeywell Aerospace, T-Mobile, EMC, Wachovia, and Blue Cross/Blue Shield. Each of these companies has adopted a proactive approach to securing their software applications with Fortify Software’s application security solutions.

“Application security has become a priority for global enterprises, and the leaders in many industries have placed their trust in Fortify’s software security solutions,” said John M. Jack, Chief Executive Officer, Fortify Software Inc. “The customers announced today collectively reported a staggering $300 billion in 2005 annual revenue. Companies of that size need best-in-class solutions for application security, and market leaders worldwide have chosen Fortify to secure their applications to safeguard their intellectual property and their customers’ confidential personal data from hackers and malicious insiders.”

The Fortify Source Code Analysis Suite identifies, tracks and fixes security vulnerabilities in software code before software is deployed, mitigating the overall risk of dangerous security breaches. As the industry’s only cross-tier source code security analysis product, it can follow data paths in pursuit of security vulnerabilities across tiers, regardless of programming language. The Suite’s Secure Coding Rulepacks detect more than 115 categories of vulnerabilities and more than 35,000 permutations, which would be virtually impossible to track manually.

Fortify Software offers the most proven, accurate and effective solutions to ensure software security and mitigate risk. It helps leading companies take a holistic and proactive approach to their greatest security vulnerability: the software applications that run their businesses. Fortify Software’s customers represent government agencies and top companies in the financial services, healthcare, e-commerce, telecommunications, publishing, insurance, system integration and information management industries.

About Fortify Software, Inc.

Fortify Software products protect companies from the threats posed by security flaws in business-critical software applications. Its flagship software security suites, Fortify Source Code Analysis and Fortify Security Tester, drive down costs and security risks by automating key processes of developing secure applications prior to deployment. Fortify Software is backed by leading investors, including Kleiner, Perkins, Caufield & Byers, and a world-class team of software security advisors and partners. More information is available atwww.fortifysoftware.com.

Press contact:
Kim Milosevich, OutCast Communications

kim@outcastpr.com

415-392-8282

News Source : Fortify Software Expands Leadership in Global Software Security Market with Key Customer Wins