FULTON, MD--(Marketwired - Nov 6, 2013) - Sonatype, the software company that enables developers to rapidly build secure software while also eliminating compliance and licensing risk, is experiencing dramatic demand for its products. The company credits this momentum to the increasingly urgent need to address risks associated with the use of defective open source building blocks in mission-critical software applications.
"Software runs the world, so it is vital that it runs properly and securely," said Wayne Jackson, CEO of Sonatype. "We are aggressively trying to raise awareness about the risks of deploying software built on out-of-date, vulnerable, open source building blocks. This is a relatively new threat and it's shocking how easily the bad guys can compromise mission-critical applications. Using tools as simple as Google, they can find both vulnerable targets and the tools for conducting attacks and stealing data. The good news is that thought-leading organizations are taking notice and working aggressively to fix these issues."
Over the course of the last several months, five of the world's largest banks, multiple multinational corporations, and several of the United States' largest government agencies have enlisted Sonatype to assist them in addressing what is, for many, an application security crisis. Those customers include:
- Five of the world's largest banks
- One of the world's largest shipping companies
- A leading provider of customer communication technologies
- One of the world's largest automobile manufacturers
- One of the world's largest healthcare companies
- A leading cloud platform for secure online business
- One of the largest European software vendors
- One of the world's largest manufacturers of agricultural and construction equipment
- A leading accounting and financial software provider
About Sonatype:
Sonatype's software protects the world's enterprise software applications from security, compliance, and licensing risks, while reducing application development and deployment time. Every day, millions of developers build software applications from open source building blocks, known as components. Customers rely on Sonatype software to select and use the best components from the start of the development lifecycle so that trustworthy applications can also meet release deadlines. Policy automation, ongoing monitoring, and proactive alerts ensure these applications remain secure over time. Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures. Visit: www.sonatype.com
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Chris Walker
The Walker Group