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Veracode Launches Global Partner Program

Program feature a cloud-based application testing platform
BURLINGTON, Mass. and LONDON – October 12, 2010 – Veracode, Inc., the world’s leader in cloud-based application risk management, today launched its Global Partner Program. This is the first partner program of its kind to feature a proven cloud-based application testing platform that enables premier security consulting and solutions providers to easily scale their businesses and build new, recurring revenue streams. SecurityReview', Veracode’s patented security verification solution, enhances a partner’s security business and enables scalability without any upfront investment or the challenges of relying on tools to assess risk.

“Deciding to invest time, money and energy into a partnership is a tough decision. This is made more so when dealing with a new approach to the complex problem of application security,” said Nigel Stanley, practice leader, IT security, Bloor Research. “The great news is that the team at Veracode has developed a really smart way of integrating application security into the software development cycle that enables partners to deliver value above and beyond basic code testing. This is good for clients and provides a profitable and empowering partner business framework for the future.”

Through this innovative program, partners can provide policy-driven programs for on-going security verification rather than ad-hoc tests, and combine it with insights from consultants for risk treatment and remediation advice. According to Veracode’s “State of Software Security Report: Volume 2,”overall quality of applications remains poor, with 57 percent failing to meet acceptable levels of security. This represents a distinct market opportunity for partners like Nebulas Solutions Group, OpenSky, Pentura, Savid Technologies and others that are already relying on SecurityReview to enhance their businesses through Veracode’s automated testing and expanded policy and risk management capabilities.

Key Program Benefits

With SecurityReview, the most accurate, time and cost effective solution to verify application security, partners gain new annuity revenue streams and the ability to preserve margins, improve service quality and add application security intelligence depth. Partners can quickly scale their business, benefitting from the combination of years of Veracode innovation, intelligent use of the cloud and security knowledge in one easy-to-deploy security testing solution. Veracode partners can then focus on core advisory services to better help their customers implement security best practices, manage and reduce operational costs, and comply with internal security policies and/or external standards such as OWASP Top 10 and CWE/SANS Top 25.

“The Veracode Global Partner Program continues to gain momentum as solutions providers and consultancies of all sizes understand the advantages and inherent value of providing security services in the cloud, enabling a lower cost of entry to delivering sophisticated code review,” said Matt Moynahan, CEO of Veracode. “With new business models powered by SecurityReview, partners truly do get the best of both worlds – the ability to increase margins on existing services while transitioning to ongoing, recurring revenue streams.”

Support from the Veracode Partner Community

“With more than 200 customers worldwide, including many blue chip and FTSE 250 organizations, our clients demand premier IT security, data privacy and compliance solutions that maximize the performance, efficiency and security of their IT infrastructure,” said Nick Garlick, managing director, Nebulas Solutions Group. “We partnered with Veracode to provide the most scalable, accurate and complete way for securing our customers’ core applications and expand our experience, relationships and expertise to secure their software infrastructure.”

“While we have experienced solid revenue growth and expanded our operations recently, we also recognize the need to ever-improve our offerings with the addition of new, cutting-edge and complementary solution provider partners,” said Roger Levasseur, president and CEO, OpenSky. “With our strong technical, executive-level focus and Veracode’s innovative SecurityReview solution, we are confident we are well-positioned to help our customers better identify, assess and remediate threats to their applications and operational infrastructure.”

“With the addition of Veracode’s SecurityReview to our portfolio, we significantly strengthen Pentura’s ability to identify and manage the risks posed to our customers’ software infrastructure at an earlier stage in the Software Development Lifecycle” said Steve Smith, managing director, Pentura. “With Veracode’s cloud-based platform, we can easily integrate automated testing capabilities into our existing application testing to enhance our consultancy services. Ultimately, we are empowered to extend our advanced manual methodology to provide policy-driven programs for secure software development.”

Program Details

To learn more about the Veracode Global Partner Program, please visit:

http://www.veracode.com/ceo-blog/

http://www.veracode.com/partners

http://www.veracode.com/solutions

Additionally, Veracode will soon be announcing details of a webinar series developed specifically for the business and technology needs of its partners. For more information about participating in Veracode’s Global Partner Program, contact [email protected]

About Veracode

Veracode is the world’s leader in cloud-based application risk management. With patented binary code analysis, dynamic Web assessments and developer e-learning, Veracode SecurityReview' is the most accurate and cost-effective way to independently verify application security in both internally developed applications and third-party software without requiring source code or expensive tools. Veracode provides the most simple, complete way to implement security best practices, reduce operational cost and comply with internal security policies or external standards such as OWASP Top 10, Top 25 and PCI. Veracode works with global organizations across multiple vertical industries including Barclays PLC, California Public Employees’ Retirement System (CalPERS), Computershare and the Federal Aviation Administration (FAA). For more information, visit www.veracode.com, follow on Twitter @Veracode or read the ZeroDay Labs™ blog.

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