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James Cash, Jr., Ph.D., Joins Veracode Board

Cash also serves on boards at Microsoft, Wal-Mart, General Electric

Burlington, Mass. " November 16, 2009 " Veracode Inc., provider of the world's leading cloud-based application risk management services platform, today announced that James Cash, Jr., Ph.D., Emeritus James E. Robison Professor of Business Administration at Harvard University Business School, was named to its board of directors.

"Jim has been a leader in the world of information technology for over three decades and has unique insight into the business environment from his work with Fortune 50 companies," said Matt Moynahan, CEO of Veracode. "We are excited to have Jim join us and his expertise in business and distinguished academic research in information technology will be a major asset to Veracode."

"Being on the Veracode board of directors offers me a unique opportunity to contribute to a rapidly growing company that is solving a critical business problem which affects enterprises and government agencies throughout the world " insecure software," said Dr. Cash. "I plan to contribute in many ways, but most specifically will work to convey the perspectives and challenges faced by CIOs at large, geographically dispersed companies."

"Atlas Venture is thrilled to be working once again with Jim Cash in our portfolio," said Jeff Fagan, Partner Atlas Venture. "Jim brings unmatched experience from his years working with some of the largest public companies in the industry. We know Veracode and the Board will benefit from Jim's global perspective and insights as we scale the business."

James Cash, Jr., Ph.D., is Emeritus James E. Robison Professor of Business Administration at Harvard University Business School, where he served from July 1976 to October 2003. Dr. Cash also served as chairman of the MBA program and the senior associate dean and chairman of HBS Publishing while at the Harvard. He serves as a director of The Chubb Corporation, General Electric Company, Wal-Mart, Microsoft Corporation and is an LP in Banner 17 - the LLC that owns the Boston Celtics.

Dr. Cash's other activities have included serving as a Trustee or Overseer for non-profit organizations such as Massachusetts General Hospital, Partners Healthcare, the National Association of Basketball Coaches Foundation and The Smithsonian Museum of African American History and Culture. He has worked with many companies and governments around the world in both consulting and teaching assignments. He regularly convenes meetings of CIOs and business executives to whom the CIO reports, in invitation-only programs offered by The Cash Catalyst.

About Veracode

Veracode provides the world's leading Application Risk Management Services Platform. Veracode SecurityReview's patented and proven cloud-based capabilities allow customers to govern and mitigate software security risk across a single application or an enterprise portfolio with unmatched simplicity. Customers include the world's largest and most security aware organizations in every industry. Recognized as a Gartner "Cool Vendor," The Wall Street Journal's "Technology Innovation Award," The Banker's "Information Security Project of the Year" with Barclays, SC Magazine's "Best Vulnerability Assessment Solution," Information Security "Readers' Choice Award," and AlwaysOn Northeast's "Top 100 Private Company," Veracode is Software Security Simplified. For more information, visit www.veracode.com.

Linsey Krauss Lois Paul & Partners 512-638-5316 [email protected]

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