Type Private Website www.veracode.com | Industry Computer software Founded 2006 | |
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Key people Robert T. Brennan, CEO
Ed Goldfinger, CFO CEO Bob Brennan (29 Nov 2011–) Headquarters Burlington, Massachusetts, United States Founders Chris Wysopal, Christien Rioux Profiles | ||
Veracode is an application security company based in Burlington, Massachusetts. Founded in 2006, the company provides an automated cloud-based service for securing web, mobile and third-party enterprise applications. Veracode provides multiple security analysis technologies on a single platform, including static analysis, dynamic analysis, mobile application behavioral analysis and software composition analysis.
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On March 9, 2017, CA Technologies announced the acquisition of Veracode.
Veracode launch party zepperella
Overview
Veracode was founded by Chris Wysopal and Christien Rioux, former engineers from @stake, a Cambridge, Massachusetts-based security consulting firm known for employing former “white hat” hackers from L0pht Heavy Industries. Much of Veracode’s software was written by Rioux. In 2007, the company launched SecurityReview, a service which can be used to test code in order to find vulnerabilities that could lead to cybersecurity breaches or hacking. The service is intended to be used as an alternative to penetration testing, which involves hiring a security consultant to hack into a system. On November 29, 2011, the company announced that it had appointed Robert T. Brennan, former CEO of Iron Mountain Incorporated, as its new chief executive officer.
The company issued a report on cybersecurity in June 2015. The report found that most sectors failed industry-standard security tests of their web and mobile applications and that government is the worst performing sector in regards to fixing security vulnerabilities. A report issued by the company in December 2015 found that "four out of five applications written in popular web scripting languages contain at least one of the critical risks in an industry-standard security benchmark."
As of 2014, Veracode's customers included three of the top four banks in the Fortune 100. Fortune reported in March 2015 that Veracode planned to file for an initial public offering (IPO) later that year in order to go public.
Funding
Major investors in the company include .406 Ventures, Accomplice, STARVest Partners, and Meritech Capital Partners. In a funding round announced in September 2014, the firm raised US$40,000,000 in a late-stage investment led by Wellington Management Company with participation from existing investors.
Reception
In 2013, Veracode ranked 20th on the Forbes list of the Top 100 Most Promising Companies in America. Veracode was named one of the "20 Coolest Cloud Security Vendors of the 2014 Cloud 100" by CRN Magazine. Gartner, a research and advisory firm, named Veracode as a Leader for four consecutive years (2013, 2014, 2015, and 2016) in Gartner Magic Quadrant for Application Security Testing.