Fortify Software Wins Innovation Award at IBD Network’s Under the Radar™ Event

Fortify Software Secures Mission-Critical Applications Against Common Security Vulnerabilities from Development to Deployment

Palo Alto, Calif. - November 22, 2005 - Fortify Software, the leader in securing software from the inside out, today announced that it has won Under the Radar Innovation Award for the Datacenter category at IBDNetwork’s Under the Radar event held on November 16 in Mountain View, CA. Fortify was chosen from eight competing early stage companies in the Datacenter category to receive an award, based on its technology, market opportunity, and unique value proposition, by a panel of judges from leading venture capital firms. A total of 32 companies presented at Under the Radar.

Judges hailed from leading venture capital firms such as Accel Partners, Allegis Capital, Hummer Winblad, Intel Capital, JPMorgan Partners, Kleiner Perkins Caufield & Byers, Morganthaler Ventures, SAP Ventures, and Trident Capital. Industry insiders such as Michael Copeland, senior writer at Business 2.0, Tom Foremski, editor of Silicon Valley Watcher and Steve Fox, editor-in-chief of InfoWorld moderated the sessions.

“The standard of presentations was extremely high. We believe that the Innovation Award winners are the companies which are truly innovating and getting rapid traction in the enterprise space,”said Alison Murdock, president of IBDNetwork. “ These emerging companies are the ones to watch and most likely to enjoy breakout success.”

“Fortify Software offers innovative products that strengthen and protect critical datacenter applications from common security flaws across the application lifecycle,” said John M. Jack, Chief Executive Officer, Fortify Software. “Being selected by Under the Radar’s esteemed venture capital panel as a major innovator in datacenter security is a wonderful endorsement in our belief that security begins with the applications themselves.”

Fortify Software was handpicked by the IBDNetwork editorial team and Under the Radar advisory board based on its review of over 300 companies in this space.

Fortify Software’s product suite includes a number of market-leading applications:

• Fortify’s Source Code Analysis product suite includes sophisticated source code analyzers and reporting capabilities for discovering and prioritizing security vulnerabilities in software code. As the industry’s only cross-tier source code security analysis product, it is capable of following data paths in pursuit of security vulnerabilities across tiers, regardless of programming language. Other suite components combine Fortify’s innovative source code analyzers with a powerful user interface to enable development organizations and security audit teams to rapidly organize, investigate and prioritize results so security flaws can be corrected before dangerous worms, hackers and malicious users can exploit them.
• Fortify Security Tester provides unique "white-box" security testing that enables quality assurance (QA) and testing professionals to simulate hacker attacks and pinpoint the root cause of security vulnerabilities – before the software is shipped or deployed. Fortify Security Tester provides the industry’s first white-box security testing product to offer unprecedented insight into where security vulnerabilities reside. Combining source code analysis with world-class dynamic testing capabilities, Fortify Security Tester pinpoints the root cause of security vulnerabilities, saving significant time and money.

 

About Fortify Software, Inc.

Fortify Software products protect companies from the threats posed by security flaws in business-critical software applications. Its flagship software security suites for Source Code Analysis and Attack Simulation drive down costs and security risks by automating key processes of developing secure applications prior to deployment. Founded in 2003, Fortify Software is backed by Kleiner, Perkins, Caufield & Byers and a world-class team of software security advisors and partners. More information is available at http://www.fortifysoftware.com.

Press contact:
Kim Milosevich, OutCast Communications
kim@outcastpr.com
415-392-8282

 

About IBDNetwork – www.ibdnetwork.com

IBDNetwork is a Silicon-Valley based "club for dealmakers." Our events and editorial offerings cover the business side of technology including: industry trends; emerging and established companies; new business models and strategies for growth; and dealmaking from partnerships to investments. We focus on the individuals and companies that drive innovation with an offline and online community of CEOs, corporate development executives, VCs and financiers, and journalists.

About Under the Radar

Under the Radar began as an evening networking event in April 2003. After 18 months of sold-out events, IBDNetwork, urged by the VC and M&A professionals in its network, created a full-day event: effectively a one-stop shop to evaluate and explore new business opportunities, partnerships, potential investments, and trends in several technology sectors.

Sponsors include Acteva, Comerica Bank (CMA), IBM (IBM), Intel Capital (INTC), LEWIS PR, Microsoft (MSFT), Mohler, Nixon & Williams, Perkins Coie, Salesramp, and Square 1 Bank.

Contact:
Alison Murdock IBDNetwork 415.563.6661	Julia French LEWIS PR 415.277.5400