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Veracode President and CEO Matt Moynahan Named One of Boston Business Journal's 40 Under 40
Recognizes Accomplishment of Greater Boston Leaders
| Source: Veracode
BURLINGTON, MA--(Marketwire - August 13, 2007) - Veracode®, Inc. today announced that
President and CEO Matt Moynahan has been honored with the Boston Business
Journal's prestigious "40 Under 40" award. The award recognizes 40
promising Greater Boston area business and civic leaders under the age of
40 who have made significant contributions in their respective fields.
Honorees are selected by an editorial committee after the Boston Business
Journal solicits nominations from the business community.
Moynahan oversaw the very successful launch of Veracode in January 2007,
raising $19.5 million dollars in venture capital funding and rolling out
the first automated, on-demand software security review solution, which
reduces the vulnerabilities in software that put businesses at risk. In
July he was at the forefront of an industry breakthrough when he introduced
Veracode's Software Security Ratings for determining the security levels in
software, and he issued a challenge to the software industry to test
software for security quality before deployment, in the same way
automobiles are crash tested for safety.
"I am honored to receive a Boston Business Journal 40 Under 40 award," said
Moynahan. "We have greatly benefited from the opportunities that the Boston
area offers as a vibrant education and technology center, and I am grateful
to be identified as a contributor to this community. I look forward to
continuing to give back to the community personally and professionally as
we grow Veracode."
Originally from Gloucester, Mass., Moynahan attended Williams College and
Harvard Business School and has held senior positions at Goldman Sachs, One
Wave and Reciprocal. He most recently had been the Vice President of the $2
billion Consumer Products and Solutions division at Symantec. He was
recruited to lead Veracode by Atlas and Polaris Ventures, and by Maria
Cirino, partner at .406 Ventures and former CEO of Guardent, also a former
40 Under 40 award winner.
Moynahan is leading Veracode in its mission to reduce the number of
software vulnerabilities in the industry by making it easy and cost
effective for all companies to test software for security risks, whether
they are developing the software in-house or purchasing applications from a
third-party vendor.
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. The Veracode SecurityReview™ solution
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.