SOURCE: Ounce Labs

July 10, 2007 07:41 ET

Ounce Labs Reports Record Sales and Revenue for Q2

Customer Adoption of Security Analysis Software Drives Company's Record Growth

WALTHAM, MA--(Marketwire - July 10, 2007) - Ounce Labs™, the industry leader in software risk analysis, today announced that it closed Q2 2007 with record sales and revenue for the sixth quarter in a row. As a result of increased market demand for solutions that eliminate business risk caused by software security vulnerabilities, the company added significant new customers across multiple industries and achieved a 300% increase in quarterly sales.

Focused on providing solutions that enable organizations to strengthen application security, Ounce's solutions protect confidential information and verify compliance with both internal policies and industry mandates. Ounce expanded its presence within the government and commercial markets and also expanded deployments with several existing customers.

Ounce continues to demonstrate its investment in technology innovation, announcing Ounce 5.0 that helps organizations to reduce the potential for security breaches by making it possible for enterprises to identify, prioritize and eliminate application vulnerabilities across their entire software portfolio. Ounce 5.0 is 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).

Other Q2 highlights include:

--  Ounce was awarded patent #7240332 by the U.S. Patent and Trademark
    Office for their April 2003 filing entitled "Method and system for
    detecting vulnerabilities in source code."
    
--  Ounce added one of the world's foremost consultants on application
    security, Dinis Cruz, as its new Director of Advanced Technology.
    
--  Ounce Labs was named to SD Times Magazine's annual 'SD Times 100' as
    the leader in the Security category for the second year in a row.
    
--  Continued industry recognition as evidenced by a positive review of
    Ounce Labs products in Network Computing magazine, which validated Ounce's
    claim that its software produces no false positive results.
    
--  An enthusiastic reception from the audience at the Gartner IT and
    Security Summit, where Ounce co-founder and CTO Jack Danahy was joined on
    stage by Anthony Gerkis of Accenture to discuss "Incorporating Source Code
    Analysis Into The Software Development Lifecycle."
    
"With the ability to quickly identify real vulnerabilities, Ounce has become the leading solution for software risk analysis," said Hugh Scandrett, CEO of Ounce Labs. "As a result of the value of the tool and our commitment to customer success, Ounce is the clear winner in competitive situations. As an industry innovator, we will continue to develop new ways for our customers to integrate security into their software development, deployment and application security processes across the enterprise."

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, EDS, IBM, Intel, Lockheed Martin, MFS, 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. 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.

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