BURLINGTON, Mass., March 04, 2019 (GLOBE NEWSWIRE) -- Veracode, a leading provider in application security testing (AST), today announced that it has achieved rapid growth in its global customer base as more businesses seek to create secure software using its market-leading application security platform.
Veracode, acquired by leading private investment firm Thoma Bravo LLC in January 2019 for $950 million, is addressing customer needs with new product innovations that give companies a competitive edge by embedding security directly into the software development lifecycle (SDLC). Companies are using Veracode in Agile, microservices, DevSecOps, cloud native apps, and APIs.
The application security market is poised to grow to $7 billion by 2023, according to a report1 by Forrester Research, fueled by rapid proliferation of software and an increased cadence of application layer breaches. To ensure the software they are building, buying and downloading is secure, organizations around the world are adopting the full suite of solutions offered by the Veracode platform to create secure code.
“As companies use and build software to facilitate change in their industries and help solve complex issues facing society, there is a growing need to ensure that software is secure,” said Veracode Chief Executive Officer Sam King. “The importance to the rest of the business is critical – they can innovate in scientific research, automation, healthcare, economic development, and other pioneering efforts in their industries with confidence because they know their software is built securely. Our mission is to help our customers change the world by enabling them with a platform that can scale to their needs, cover the entire application security portfolio, and reduce risk from cyber threats targeting software vulnerabilities.”
Veracode business milestones in the past year include:
Veracode’s cloud-based platform helps security teams and software developers find and fix security-related defects at all points in the software development lifecycle, remediating flaws in code before they can be exploited by hackers.
New features include:
Veracode is at RSA Conference 2019, stop by and see us at booth #N 6161 for demos, cool giveaways, and conversations with thought leaders and Sophia, the world’s first humanoid citizen. Learn more about Veracode’s application security platform here.
With its combination of automation, process, and speed, Veracode becomes a seamless part of the software lifecycle, eliminating the friction that arises when security is detached from the development and deployment process. As a result, enterprises are able to fully realize the advantages of DevOps environments while ensuring secure code is synonymous with high-quality code.
Veracode serves more than 2,000 customers worldwide across a wide range of industries. The Veracode Platform has assessed more than 8 trillion lines of code and helped companies fix more than 36 million security flaws.
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1 Forrester Analytics: Application Security Solutions Forecast, 2017 To 2023 (Global), Forrester Research, Inc., Aug. 7, 2018