Fortify Software Reports Strong Second Quarter of 2008

Named market leader in application security testing over HP and IBM

SAN MATEO, Calif., July 31, 2008 - Fortify Software Inc., the market leader in enterprise application security solutions for Business Software Assurance, announced today a continued record of strong business growth with the close of Q2 2008, having more than doubled bookings over the same quarter last year. The company’s continued success is marked by the launch of its cornerstone product suite, Fortify 360, and Business Software Assurance vision, as well as significant customer growth globally. 

"The introduction of Fortify 360 to market this quarter was a major milestone for our company, and the message behind Business Software Assurance is really resonating with our customers," commented Fortify President & CEO John Jack.  "We're seeing a desire from both our existing and new customers for a partner and service provider who will work with them over time to establish a long-term application security strategy through risk assessment and the deployment of our comprehensive application security solution."

Highlights of the quarter include:

• Introducing to the market its cornerstone application security suite, Fortify 360, the first application security suite to integrate three levels of analysis to secure software from development through production and provide a venue for collaborative remediation between developers and security professionals.
• The announcement of a new corporate vision, Business Software Assurance http://www.fortify.com/bsa, to provide enterprises with a comprehensive approach to application security that involves integrating security into the development process and securing enterprise software whatever the source.
• The release of the Gartner Market Share: Application Development Software, Worldwide 2007 report naming Fortify as the market leader in application security testing holding 17.3% of the market over competitors HP and IBM.
• More than doubling bookings over Q2 2007.
• The close of a $3.5 million deal for Fortify 360 with one of the largest U.S. banks.
• New and additional customer agreements with some of the U.S.’ leading businesses and organizations, among them NASA and Cornell University.
• Significant growth in Asia Pacific, including the establishment of a Fortify presence in China and significant customer wins in Korea and Japan including, Hana Bank, Republic of Korea Army, LG, ACTIS, NS SOL and CSK Chubu.
• Customer agreements with Britain’s third-largest bank as well as major European telcos, banks, insurance and pension companies, and systems integrators.
• Increased direct sales presence in the UK, France, Germany, Netherlands, Italy, Sweden, with new partners in Spain, Germany, Austria, Turkey.

About Fortify Software, Inc.

Fortify® 's Business Software Assurance products and services protect companies from the threats posed by security flaws in business-critical software applications. Its software security suite - Fortify 360 - drives down costs and security risks by automating key processes of developing and deploying secure applications. Fortify Software's customers include government agencies and FORTUNE 500 companies in a wide variety of industries, such as financial services, healthcare, e-commerce, telecommunications, publishing, insurance, systems integration and information management. The company is backed by world-class teams of software security experts and partners. More information is available at www.fortify.com.

Press Contact

Katherine Nellums
Merritt Group
415-247-1663 Nellums@merrittgrp.com