Waltham, MA, January 3, 2007 - Ounce Labs, the leader in software security assurance, today announced a 500% growth in revenue from its Ounce product suite from commercial customers over 2005. Capitalizing on the company's leadership in the Federal sector, the growth in the commercial sector came through a combination of dramatically increased new product revenue and extended commitments from existing customers. Fueled by customer acceptance of Ounce 4 by a wide range of industries, the product's expanded use was seen in both development and security organizations across the enterprise.
"Our strong revenue growth year-to-year is an indicator of both the superior effectiveness of our solution and the growth of the application security market," said Hugh Scandrett, CEO of Ounce Labs. "Customers across all market sectors now increasingly choose Ounce as a direct result of the accuracy and breadth of our analysis, powerful reporting capabilities and superior service. In fact, many of these new customers, dissatisfied with an existing competitive solution, have replaced it with Ounce 4. We look forward to continuing to enhancing these advantages for our customers in the coming year."
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.
Ounce Labs' momentum is mirrored by the rapidly growing awareness that application security is of critical importance to any organization concerned with data privacy and operational integrity.
"Security needs to be treated as just another aspect of application quality, and an organization requires executive-level support to implement effective best practices and tools," stated Amrit T. Williams, Research Director at Gartner, in an April 2006 report entitled, "Implement Source Code Security Scanning Tools to Improve Application Security." "Moreover, implementing source code scanning tools as part of an effort to integrate security best practices is the most-effective way to identify and resolve software vulnerabilities."
About Ounce Labs, Inc.
Ounce LabsTM, 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
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Ounce Labs is a registered trademark of Ounce Labs, Inc. in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.
