PRESS RELEASE

BURLINGTON, Mass. & WEST CALDWELL, N.J., Nov 03, 2010 (BUSINESS WIRE) -- Veracode, Inc., the world's leader in cloud-based application risk management, and Proactive Risk, providers of security and information risk management and assurance services, today announced a partnership to deliver policy-driven programs for on-going application security verification without the use of ad-hoc tests and tools to assess risk. Through this partnership, Proactive Risk will combine its risk treatment and remediation guidance with Veracode SecurityReview(R), the most accurate, time and cost effective solution to verify application security, to enable new business models and recurring revenue streams.

"Proactive Risk is leveraging Veracode's innovative, automated cloud-based testing solution to meet our customers' security and information risk management objectives," said Tom Brennan, CEO of Proactive Risk and global board member and New York City metro chapter president of the OWASP Foundation. "With the welcome addition of Veracode to our portfolio of trusted, respected technology partners, we are able to ensure our large enterprise accounts have access to the most comprehensive, proven security and risk management solutions in the market." With SecurityReview, Proactive Risk can quickly scale its business by using Veracode's cloud-based model to easily deploy automated testing solutions that verify application security with consistency, reliability, repeatability and speed to augment the manual code review process. In turn, Veracode enables Proactive Risk to focus on its core advisory services, assist customers with the implementation of security best practices, better 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.

"By partnering with distinguished information security organizations around the world, we are building a powerful new ecosystem of consulting and service provider offerings that are focused 100 percent on application security and quality," said Chris Reisig, senior vice president of sales and business development, Veracode. "Partners like Proactive Risk gain a competitive advantage by leveraging our proven security platform to deliver a complete solution to identify and eliminate insecure code from applications while influencing risk-aware software development best practices." Veracode's Global Partner Program represents a distinct market opportunity for its partners to enhance their businesses through Veracode's automated testing and expanded policy and risk management capabilities. With SecurityReview, partners can implement new business models focused on gaining new annuity revenue streams and the ability to preserve margins, improve service quality and add application security intelligence depth to their offerings.

About Proactive Risk Proactive Risk provides rapid response and fast remediation when critical security events occur. Proactive Risk delivers satisfaction and peace-of-mind with support from experts with deep knowledge and experience. It reduces risk with its seamless single point-of-contact approach and lowers technology, services and administrative cost with one service contract. For more information visit www.proactiverisk.com.

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(R) 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(TM) blog.