SOURCE: Application Security, Inc.

May 22, 2006 08:00 ET

Application Security, Inc. Named a Red Herring 100 Winner

Company Recognized for Driving the Future of Technology in North America

NEW YORK, NY -- (MARKET WIRE) -- May 22, 2006 -- Application Security, Inc. (AppSecInc) (www.appsecinc.com) today announced its placement on Red Herring magazine's prestigious "Red Herring 100 North America" list. The list recognizes the 100 privately held companies playing a leading role in technology innovation, and those at the forefront of the technologies that are changing lives in profound ways. In addition, as one of the honorees, Vice President of Marketing & Strategy Ted Julian will present at the exclusive Red Herring Spring 2006 CEO Summit, May 23-25 in Monterey, California.

The Red Herring 100 North America award is the most recent in a series of industry accolades for AppSecInc. Its database activity monitoring and auditing solution, AppRadar, was selected over more than 200 other security products as winner of the esteemed Best of Interop award earlier this month.

"With venture capital flowing again, we're seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "The Red Herring 100 North America companies, among them Application Security, Inc., are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories."

"We're honored to be named among the most innovative private companies by Red Herring," said Julian. "The consistent recognition of AppSecInc and our solutions by those who have an acute pulse on the most important technology markets underscores the ever-increasing demand for database security products and the effectiveness of our approach in meeting the business needs of companies that value the protection of sensitive data."

After receiving more than 1,000 submissions and nominations, Red Herring's editorial staff rigorously evaluated AppSecInc and the other contenders through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy and dedication to research and development.

About Red Herring Spring 2006

Red Herring Spring 2006 will assemble 300 of the continent's most innovative and successful CEOs, investors, and corporate developers and feature a dynamic group of over 100 speakers that are pushing and breaking the boundaries of the business of technology. Themed "The Pursuit of Disruption," it will be held May 23-25 in Monterey, California. More information is available online at www.herringevents.com/rhspring06.

About Red Herring

Red Herring magazine is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring's journalists report on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.

About Application Security, Inc. (AppSecInc)

AppSecInc is the leading provider of application security solutions for the enterprise. AppSecInc's products -- the industry's only complete vulnerability management solution for the application tier -- proactively secure database applications at more than 500 organizations around the world. By securing data at its source, our customers can more confidently extend their business with customers, partners and suppliers while meeting regulatory compliance requirements. Our security experts, combined with our strong support team, deliver up-to-date application safeguards that minimize risk and eliminate its impact on business. Please contact us at 1-866-927-7732 to learn more, or visit us on the web at www.appsecinc.com.

AppSecInc and AppRadar are trademarks of Application Security, Inc. All other company and product names are trademarks of their respective companies.

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