Application security testing is part of the overall security and vulnerability management market, which industry analyst firm IDC predicts will exceed $5.2 billion in revenues by the end of 20141. Veracode was the first to deliver an application security testing service in a cloud delivery model, which makes it easier for organizations to proactively identify and remediate security weaknesses in their applications before they can be exploited. An increasing sense of urgency to protect data and intellectual property has driven significant growth for Veracode, with the company adding more than 200 new customers worldwide in the past year.
“Given the media spotlight on high profile security breaches, businesses and consumers around the globe are increasingly aware of the real issues surrounding insecure software,” said Brennan. “An innovator in the IT industry, Veracode built the first cloud platform that analyzes software to provide independent security verification. By joining this company, I now have an opportunity to work with an incredibly talented team, an impressive customer base and proven technology to solve a problem of global importance.”
While Brennan led Iron Mountain, the market leader in data protection and information management services, the company reported more than $3 billion in revenues and maintained operations in 39 countries. Prior to Iron Mountain, Brennan was CEO of Connected Corp., the market leader for enterprise PC data protection, which was acquired by Iron Mountain.
“This is an exciting time for all of us at Veracode,” said Cirino, who also serves as managing director, .406 Ventures. “Bob has valuable experience as the head of consistently top-performing companies. We truly believe his leadership will accelerate our mission of making the world’s software more secure.”