TELUS Partners With Veracode to Provide On-Demand Application Security Reviews

BURLINGTON, MA--(Marketwire - August 7, 2007) - Veracode Inc., provider of the industry's first on-demand application security review solutions, today announced that TELUS Corporation (TSX: T) (TSX: T.A) (NYSE: TU) and Veracode have formed a strategic partnership.

TELUS, a leading national telecommunications company in Canada, will use Veracode's SecurityReview™ solution to provide a significantly enhanced level of security for its internal applications. TELUS now will be able do a more comprehensive analysis of the security levels of its internal applications -- and will do so faster and easier.

In addition, TELUS will become a key channel partner for Veracode in Canada, helping TELUS continue to provide best-in-class security assessments through TELUS Security Solutions. Whether companies are developing or purchasing software, TELUS will provide automated application security reviews based on Veracode technology to help customers identify and fix software vulnerabilities before they become liabilities.

"Information security is a critical issue for all businesses today. Security threats are continuing to grow and put companies and their customers at risk. This partnership with Veracode gives us access to a key application security technology -- binary code security reviews as an outsourced service -- and allows us to further strengthen our differentiated suite of security offerings," said Mark Noppe, vice president and general manager of TELUS Security Solutions. "IT security is a fast-growing business for us. Partnering with Veracode increases the power of our security review value proposition. By providing binary code reviews, we can help our customers identify and remediate the software flaws that put their businesses at risk without the need to expose their intellectual property."

Matt Moynahan, president and CEO of Veracode, said, "Veracode chose TELUS as a strategic partner because it is a market leader in providing high value security to its customers. TELUS saw the immediate value in Veracode's on-demand application security solution that incorporates multiple vulnerability scanning technologies, and understood the opportunity to leverage them in the Canadian market. At the same time, our automated solutions give TELUS enhanced security for both its internally developed software and its purchased software, with minimal impact on capital investments or development schedule."

As part of its commitment, TELUS, through its venture investment arm, TELUS Ventures, has invested in Veracode.

About Veracode

Veracode is the industry's first provider of automated, on-demand application security solutions. Created by a world-class team of application security experts from @stake, Guardent, VeriSign and Symantec, the company delivers services to identify software flaws introduced through coding errors or malicious intent. Veracode's core service, SecurityReview™, uses patented binary code analysis that is uniquely able to inspect entire application inventories, including components, and does not require companies to expose their valuable source code. Enterprises can now protect their intellectual property while preventing attacks allowed by vulnerabilities in applications.

As the most accurate and comprehensive solution available, Veracode makes it simple and cost-effective to implement application security best practices and reduce operational costs related to manual reviews. Whether a company is developing applications internally, purchasing software or integrating code from partners, Veracode SecurityReview provides insight to the security level of software. Outsourcing code analysis to Veracode is the easiest way to secure your software. With a pragmatic approach to application security, Veracode helps you fix what matters most to your business.

For more information about Veracode, please visit www.veracode.com.

About TELUS

TELUS (TSX: T) (TSX: T.A) (NYSE: TU) is a leading national telecommunications company in Canada, with $8.8 billion of annual revenue and 10.8 million customer connections including 5.1 million wireless subscribers, 4.5 million wireline network access lines and 1.1 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada's premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $91 million to charitable and non-profit organizations and volunteered more than 1.7 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our philanthropic initiatives. For more information about TELUS, please visit telus.com.