PRESS RELEASE

SANTA CLARA, Calif. – June 22, 2011 – WhiteHat Security, the Web security company, today announced it has acquired key static code analysis technology from Infrared Security. As part of this acquisition, Infrared Security’s management team will join WhiteHat Security to guide the integration of their existing SaaS-based static testing solution into the WhiteHat Sentinel product line. The addition of static analysis tools to WhiteHat Security’s growing Sentinel product suite will offer customers a complete Web application vulnerability management solution throughout the software development lifecycle (SDLC).

With the acquisition, WhiteHat Security gains new, complementary technology for static code analysis, to build on their market-proven dynamic vulnerability testing solution, WhiteHat Sentinel. This brings to market the only SaaS Web application vulnerability management solution to cover the entire SDLC. With static (SAST) and dynamic (DAST) testing delivering different findings to users, the ability to correlate vulnerabilities discovered in both solutions gives customers the most actionable information possible. The combined solution will offer customers the benefits of a finely tuned product that eliminates false-positives and allows customers to discover vulnerabilities earlier in the SDLC – reducing development costs and security risks – with the ability to scale to the largest enterprise companies in the world.

"Finding and fixing security vulnerabilities farther upstream in the SDLC helps save time, money and frustration," said Wendy Nather, senior analyst, The 451 Group. "By acquiring this static analysis technology early and building it out, WhiteHat has the chance to integrate it more tightly with its dynamic testing, which ultimately helps the customer make better sense of a complicated landscape."

Additionally, the company will benefit from significant expertise as Infrared Security’s management team, Jerry Hoff, Jim Manico and Eric Sheridan, will join WhiteHat Security full-time to guide research and product development. All three Infrared co-founders are actively involved in OWASP (Open Web Application Security Project), participating in various projects including the OWASP podcast series, the AppSec Tutorial series and numerous research projects.

"WhiteHat Security is excited to expand our product portfolio and enter the market with next-generation static code analysis testing, while adding renowned security experts to our team,” said Stephanie Fohn, president and CEO, WhiteHat Security. “We’re looking forward to extending our leadership position in Web security with the same reliability, scalability and accuracy that customers have come to expect from WhiteHat Sentinel.”

For the founders of Infrared Security, the move offers the ability to get their technology to market faster, leveraging WhiteHat

Security’s robust SaaS infrastructure, as well as its sales and support structure, to give more customers access to their next generation static application security testing, and join one of the fastest growing security companies in the nation.

“This is a perfect match to bring our static code analysis technology to market,” said Jerry Hoff, co-founder and managing partner of Infrared Security. “We have a great working relationship based on similar philosophies of delivering valuable, verified vulnerability testing and results with a SaaS solution. We’re excited to join the WhiteHat Security team.”

About WhiteHat Security, Inc.

Founded in 2001 and headquartered in Santa Clara, California, WhiteHat Security provides end-to-end solutions for Web security. The company’s cloud technology platform and leading security experts turn security data into actionable insights for customers. Through a combination of core products and strategic partnerships, WhiteHat Security provides complete Web security at a scale unmatched in the industry. WhiteHat Sentinel, the company’s flagship product line, currently manages, more than 4,000 websites - including sites in the most regulated industries as well as top ecommerce, finance and healthcare companies.