SOURCE: Application Security, Inc.

May 03, 2006 12:20 ET

Application Security, Inc. Wins Prestigious Best of Interop Award

World's Leading Database Activity Monitoring Solution Lauded for Excellence in Hotly Contested Security Category

LAS VEGAS, NV -- (MARKET WIRE) -- May 3, 2006 -- INTEROP LAS VEGAS 2006 -- Application Security, Inc. (AppSecInc) (www.appsecinc.com) today announced that AppRadar™, the industry's most comprehensive database activity monitoring solution, has won the coveted Best of Interop Award.

The Best of Interop Award winners were selected for their contributions to the networking industry by a panel of renowned editors and experts from Network Computing. AppRadar was chosen from more than 200 submissions, receiving top honors in the Security category. AppSecInc is showcasing its award-winning AppRadar solution at Interop Las Vegas 2006 this week in Booth # 1014.

AppRadar combines enterprise-class database security and intelligent, real-time monitoring and auditing capabilities into one solution. Capable of monitoring millions of events as they happen, AppRadar not only protects databases against the latest attacks, but also alerts on employee misuse and abuse. By protecting sensitive data where it lives -- in databases -- AppRadar allows organizations to ground their security and compliance efforts in the database applications that run their businesses.

"Best of Interop Awards showcase and recognize the innovators and leaders in their product category," said Ron Anderson, lead judge of the 2006 Best of Interop Awards and lab director for Network Computing. "Congratulations to AppSecInc as well as all of the category winners that demonstrated superior technology and innovation making it especially difficult for our IT Analysts to choose just one winner in each category."

"Best of Interop is one of the industry's premier honors," said Jack Hembrough, president and CEO of AppSecInc. "Earning it for AppRadar is a tremendous endorsement for the groundbreaking nature of the product and reflects the growth of what's expected to be a billion dollar market in a few short years. It also underscores AppSecInc's unparalleled ability to help organizations accommodate ever-increasing regulatory compliance requirements while preventing unintended exposure of sensitive data."

The Best of Interop Award comes on the heels of AppSecInc announcing a strategic round of funding led by blue-chip investors and significantly increasing the company's valuation. Also highlighting AppSecInc's momentum:

--  Customer base exceeding 500+ organizations -- including virtually all
    major financial/IT auditing institutions, 11 of the Fortune 50 and 21 of
    the Fortune 100
--  More than doubled bookings year-over-year, achieving cash flow
    positive status
--  Global channel expansion, establishing local availability of AppSecInc
    solutions in all geographies
    
About Network Computing

Network Computing is the trusted information source which helps 220,000 Technology Leaders turn business strategy into reality. The editorial team consists of real-world IT veterans who provide objective information and analysis on technologies and solutions that are tested in IT media's only Real-World Labs -- a setting which mirrors our audience's work environment. Network Computing's critical analysis of market solutions and their impact on an organization is infused in every aspect of the brand, from the award-winning publication and networkcomputing.com, to NWCReports.com, and the events such as the Expert Series Tour and Technology Leader Forum. Network Computing is consistently honored for its editorial excellence, garnering accolades from the American Society of Business Publication Editors (ASBPE), as well as winning Maggie Awards from Western Publications Association and Folio magazine's Ozzie Awards.

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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, we enable organizations to 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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