First Quarter of 2008 Yields Sustained Growth and Customer Adoption of Software Risk Analysis Solution
WALTHAM, Mass., April 3, 2008 /PRNewswire/ -- Ounce Labs(TM), the industry leader in software risk analysis, today announced its ninth consecutive quarter of growth with the close of Q1 2008, completing the quarter with a record number of new customers. The company's continued success is a result of strong customer demand and partner momentum as well as ongoing success in international markets. This continued success solidifies Ounce's position as an application security industry leader.
In Q1, Ounce Labs recorded a 200 percent increase in quarterly sales over the previous quarter. The company added a significant number of new customers in the U.S. and across Europe in such diverse industries as retail, financial services, insurance, aerospace and defense, manufacturing, and system integrators. Q1 2008 highlights include:
-- The release of the latest version of the company's award-winning source
code analysis software that delivers workflow automation and reporting
capabilities to help enterprises more easily incorporate source code
analysis into their own software development lifecycle (SDLC).
-- Signing of 5 new partners, expanding Ounce's global presence into 18
countries including Spain, France, Italy, Luxemburg, Saudi Arabia, and
Dubai.
-- The expansion of the company's federal government sales team with the
addition of Bill Clark as vice president of federal sales.
-- Support for the Apache Maven project management and automation software
with a plug-in designed to help developers extend the build process to
include security.
-- The company's flagship source code analysis solution, Ounce 5, received
the prestigious 2008 Dr. Dobb's Jolt Productivity Award in the Security
Tools category.
"Our customers are engaged in ongoing efforts to prevent the types of targeted application-level exploits that underlie the new wave of high-profile data theft attacks," said Hugh Scandrett, CEO of Ounce Labs. "As the application security market matures and more companies understand the link between secure applications and data protection, we continue to provide cutting-edge solutions that help our customers manage risk across their enterprises."
Ounce Labs is the first in the industry to help organizations reduce the potential for security breaches by identifying, prioritizing and eliminating application vulnerabilities across the entire software portfolio. Ounce's source code analysis solution hardens applications to protect confidential information as well as verify compliance with both internal policies and industry mandates. Ounce is the only source code analysis solution available on the market that provides compliance with regulations including the Payment Card Industry Data Security Standard (PCI DSS), and standards such as the Open Web Application Security Project (OWASP) and Common Weakness Enumeration (CWE).
About Ounce Labs, Inc.
Ounce Labs' solutions enable organizations to identify, prioritize and eliminate business risk to the enterprise caused by software security vulnerabilities. With Ounce Labs, organizations strengthen application security, protect confidential information and verify compliance with both internal policies and industry mandates such as PCI, FISMA, HIPAA and others.
Ounce Labs' software analyzes application source code to provide the most complete and accurate analysis of application vulnerabilities and their relative priorities, enabling business users and IT professionals to optimize their resources on resolving the most critical issues. Unique in its ability to scale across an organization's entire portfolio of applications, Ounce is used enterprise-wide by many of the world's most security-conscious organizations, including AT&T, IBM, Intel, Lockheed Martin, GMAC, Eos Airlines, the U.S. Government Accountability Office, Unisys and VeriSign.
Led by senior executives with deep enterprise software and security expertise, Ounce Labs is headquartered in Waltham, Massachusetts, with regional offices throughout the U.S. and Europe. For more information, please visit http://www.ouncelabs.com/.
Ounce Labs is a registered trademark of Ounce Labs, Inc. in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.
MEDIA CONTACTS: Peter Crosby Brenda Menard
Ounce Labs Davies Murphy Group
781.547.7012 781.418.2435
Peter.Crosby@ouncelabs.com ounce@daviesmurphy.com
http://www.ouncelabs.com/ http://www.daviesmurphy.com/
Ounce Labs
