SOURCE: Ounce Labs

October 02, 2007 15:24 ET

Ounce Labs Extends Application Security Leadership With 7th Consecutive Quarter of Record Sales

Protecting Critical Enterprise Data by Eliminating Software Security Vulnerabilities Driving Record Global Sales

WALTHAM, MA--(Marketwire - October 2, 2007) - Ounce Labs™, the industry leader in software risk analysis, today announced that it closed Q3 2007 with record sales for the seventh quarter in a row. As global enterprises look for technology to help eliminate software security vulnerabilities that put critical data at risk, Ounce Labs continues to experience increased market demand for its solutions that enable these organizations to strengthen application security. In Q3, the company recorded a 250 percent increase in quarterly sales including a 300 percent increase in sales to commercial accounts. The company also added a significant number of new customers across such industries as retail, financial services, aerospace and defense, system integrators and the federal government.

Ounce's source code analysis solutions protect confidential information and verify compliance with both internal policies and industry mandates. Ounce 5.0, the only source code analysis solution available on the market today 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) OWASP and Common Weakness Enumeration (CWE), helps organizations to reduce the potential for security breaches by making it possible to identify, prioritize and eliminate application vulnerabilities across their entire software portfolio.

"Understanding the security of information cannot be complete without an assessment of the underlying applications that drive the business, and a comprehensive look at the code and design flaws that can jeopardize even the most rigorous perimeter protections," said Hugh Scandrett, CEO of Ounce Labs. "Leading global organizations that have made critical data protection a priority, are using Ounce's solutions to eliminate software security vulnerabilities and secure the most vital part of their IT infrastructure from attacks."

Other Q3 2007 highlights include:

-- In an SC Magazine review, the Ounce solution received the maximum possible 5-star rating and the winning score amongst all source code analysis products judged.

-- The expansion of Ounce Labs in Europe, the Middle East and Africa (EMEA) and the opening of a new office in London, which will serve as the company's international headquarters.

-- The addition of support for Microsoft ASP to extend Ounce 5 source code analysis solution to cover a complete range of server-side Web scripting applications

-- The formation of an Advanced Research Team (ART), a group of leading security experts dedicated to raising the awareness of software security and the development of best practices for incorporating application security into the software development lifecycle.


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. Air Force, 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 www.ouncelabs.com.

Ounce Labs is a registered trademark of Ounce Labs, Inc. in the United States and other countries. Ounce 5, SmartTrace and SmartAudit are trademarks of Ounce Labs. Other product or service names mentioned herein are the trademarks of their respective owners.

Contact Information