SOURCE: Ounce Labs

April 04, 2007 07:50 ET

Ounce Labs Continues Momentum in First Quarter With Over 300% Growth in Revenue

Continued Growth in Both Commercial and Federal Sectors Accompanies the Release of Ounce 4.2

WALTHAM, MA -- (MARKET WIRE) -- April 4, 2007 -- Ounce Labs, the leader in software security assurance, today announced over 300% growth in revenue during the 1st quarter of 2007. Capitalizing on the company's continued growth across the commercial and federal sectors, an increasing share of revenue was derived from leading service providers adopting the Ounce solution for use in expanded source code security analysis service offerings. The significant growth in revenue continues to validate the market acceptance of the Company's Ounce 4 source code security analysis solution and its focus on delivering analysis results with business impact to customers.

"Our continued growth is derived directly from fulfilling our customers' requirement for software security data they can use to immediately eliminate their most critical software risk," said Hugh Scandrett, CEO of Ounce Labs. "Whether a federal agency, commercial customer, or service provider, the ability to immediately identify and remediate confirmed vulnerabilities, and prove compliance with our new SmartAudit reports, has made Ounce 4 the clear winner in competitive deals. We look forward to expanding the ways in which our customers can derive measurable risk reduction in their critical software across their software portfolio in the coming months."

Driving the quarter's growth was Ounce 4.2. This newest version has impressed customers, service providers and analysts with its SmartAudit feature, using source code vulnerability analysis results to power a series of reports that provide a detailed picture of compliance for the security, development, or audit executive.

"There are a number of industry references for what constitutes secure software, so it's often difficult for companies to demonstrate the security of their applications, whether in development, procurement, or production," said Brent Huston, CEO of MicroSolved Inc., about Ounce 4.2. "This helps us all make better business decisions when it comes to protecting critical data and resources."

The Ounce solution delivers the most accurate and complete security vulnerability results using the company's advanced source code analysis engine and the industry's largest software vulnerability knowledgebase. Ounce streamlines the triage process by distinguishing real versus potential security vulnerabilities and prioritizing them according to criticality. Analysts can then quickly assign remediation to individual developers, establishing an efficient security workflow. Developers access detailed results and remediation guidance using Ounce's newly released developer plug-ins, which are provided free of charge to Ounce customers. Managers and executives monitor performance and policy compliance with the industry's only cross-portfolio dashboard.

About Ounce Labs, Inc.

Ounce Labs™, the leader in software security assurance, delivers products that enable customers to manage software risk in applications across the enterprise, traceable down to individual lines of code. The Ounce solution features patents-pending analysis technology, which scans source code to pinpoint programming errors, design flaws, and policy violations. Ounce offers the most accurate and complete results, the fastest time-to-results, the only complete portfolio management, and the greatest deployment flexibility. Customers include leading organizations in financial services, telecommunications, software development, government, and other industries focused on protecting data, reducing software vulnerabilities, and complying with industry regulations. Ounce Labs is headquartered in Waltham, Massachusetts, with regional offices throughout the U.S. For more information, please visit www.ouncelabs.com

Contact Information

  • OUNCE CONTACT:
    Jake Messier
    Ounce Labs
    781.547.7031 (o)
    774.368.0094 (m)
    Email Contact