SOURCE: Ounce Labs

April 04, 2005 13:02 ET

Jack Danahy Named as Laureate for 2005 Computerworld Honors

Ounce Labs Case Study Will Be Archived in 36 Countries as Leading Example of How Technology Is Used to Benefit Society by Improving the Security and Reliability of Software Applications

WALTHAM, MA -- (MARKET WIRE) -- April 4, 2005 -- Ounce Labs, the leader in software vulnerability risk management, today announced that CEO Jack Danahy has been named a 2005 Computerworld Honors laureate, nominated by representatives of Morgan Stanley. Ounce Labs has submitted a customer case study that officially became part of the prestigious Computerworld Honors Collection on Sunday, April 3, when the 2005 Collection was formally presented to the Global Archives, and Mr. Danahy was presented with the Medal of Achievement, at San Francisco City Hall.

"The Computerworld Honors Medal of Achievement is presented annually to men and women around the world who have made outstanding progress for society through the visionary use of information technology," said Bob Carrigan, CEO and publisher of IDG's Computerworld and chairman of the Computerworld Honors Chairmen's Committee.

Merritt Lutz, Managing Director for Client Technology at Morgan Stanley and member of The Chairmen's Committee, nominated Jack Danahy for inclusion in the 2005 Business and Related Services category. The case study now becomes part of a collection of case studies from 54 countries.

"It is an honor to represent the team of people at Ounce Labs, who have made it their mission to bring visibility and accountability to the critical issues of software security and risk management," said Danahy. "We appreciate Computerworld's accolades and Morgan Stanley's support and leadership in the area of software risk management for global businesses."

The case study describes how a customer uses Ounce Labs' source code vulnerability analysis software, Prexis, to identify and eliminate vulnerabilities in their applications before releasing them to market. Prexis allows the company to establish and certify quantifiable security requirements, drastically reducing potential costs associated with future security patches, security breaches, legal implications, and loss of customer loyalty.

From more than 300 nominations submitted this year by the 100 industry chairmen and CEOs who serve on the program's Chairmen's Committee, 160 were honored as laureates at last night's ceremonies in San Francisco. Of these, 50 will be chosen by a panel of distinguished judges to attend the June 6, 2005, awards gala in Washington, D.C., where the 10 world finalists will be announced.

Case studies from the 2005 Computerworld Honors Collection will be available at, the official site of the Computerworld Honors Program, where the entire Collection is available to scholars, researchers, and the general public worldwide. In addition, the Collection is distributed annually to the Honors Program's Archival Partners around the world. These partners include some of the world's finest research and scholarly institutions, each of which has generously agreed to include the Collection in its archives.

Ounce Labs, Inc.

Ounce Labs™, the leader in software vulnerability risk management, delivers technology that allows customers to manage software vulnerability risk across their organization and throughout the software development lifecycle. Ounce Labs' product Prexis™ uses patents-pending automated source code analysis to locate and categorize software vulnerabilities, providing actionable metrics and remediation information to executives, managers, security analysts, and developers. Founded in 2002, Ounce Labs is located in Waltham, Massachusetts. For more information, please visit

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