SOURCE: Veracode Inc.

January 29, 2008 09:00 ET

Veracode Names Seksom Suriyapa Senior Vice President of Business Development

Former McAfee Executive to Cultivate Strategic Relationships With Outsourcing Providers, Managed Security Service Providers and System Integrators

BURLINGTON, MA--(Marketwire - January 29, 2008) - Veracode Inc., provider of the industry's first on-demand application security testing solutions, announced today the appointment of Seksom Suriyapa as the company's senior vice president of business development. A veteran of several successful businesses with a high-profile background in security, Suriyapa will assume responsibility for global business development at Veracode.

"One year after the launch of Veracode, we are experiencing tremendous growth for secure software as an increasing number of organizations are realizing the value of independent verification and validation of applications and components," said Matt Moynahan, CEO of Veracode. "Application security testing is a burgeoning business which underscores the need for a seasoned executive like Seksom to capitalize on opportunities with strategic partners and to support Veracode in its growth. He will be a huge asset in helping us achieve our strategic objectives as we continue to provide our customers with a simple and cost-effective means of securing software."

Suriyapa will drive Veracode's business development strategy, including opportunities with outsourcing providers, managed security service providers and system integrators. With over 10 years of experience working with enterprise software companies, he brings strong market understanding and expertise to Veracode.

"This is a challenging and uncertain time for businesses as the severity of security threats against applications increases, while corporate security budgets tighten," commented Suriyapa. "However, Veracode offers a unique value proposition to those organizations that are required to do more with less by offering multiple code testing techniques, as a service, from one vendor. I look forward to working with those organizations to extend their value proposition to allow them to protect the application infrastructures of their enterprise customers from the software security vulnerabilities that put those businesses at risk."

Suriyapa's most recent position in the software industry was serving as senior vice president of business development at Webroot Software, Inc., where he was responsible for driving Webroot's strategic direction and the development of the company's key distribution and product partnerships in the enterprise and consumer spaces.

Prior to joining Webroot, Suriyapa served as the senior vice president of corporate development at McAfee, where he was a key member of the Global Management Team. During his three years at McAfee, Suriyapa was a key driver of the strategic repositioning of McAfee as the leading publicly traded pure play security vendor, leading all M&A and divestiture activity, as well as playing a key role in defining McAfee's overall corporate strategy. In addition to working on the company's acquisition and divestiture activities, Suriyapa developed strategic alliances and guided the evaluation of minority investments in complementary technology companies.

Suriyapa has an MBA degree from INSEAD Business School, a JD from Stanford Law School, and a Bachelor of Arts degree from Williams College.

About Veracode

Veracode is the leading provider of on-demand application security testing solutions. Created by a world-class team of application security experts, the company delivers services to identify software flaws introduced through coding errors or malicious intent. Veracode's core service, SecurityReview® uses patented binary code analysis and dynamic web analysis that is uniquely able to inspect entire application inventories, including components, and does not require companies to expose their valuable source code. Enterprises can now protect their intellectual property while preventing attacks allowed by vulnerabilities in applications.

As the most accurate and comprehensive solution, Veracode makes it simple and cost-effective to implement application security best practices and reduce operational costs related to manual reviews. Whether a company is developing applications internally, purchasing software or integrating code from partners, Veracode's SecurityReview provides insight to the security level of your applications. Outsourcing code analysis to Veracode is the easiest way to secure your software. With a pragmatic approach to application security, Veracode helps you fix what matters most to your business.

Based in Burlington, Mass., Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. www.veracode.com.

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