Fortify Software Reports Strongest First Quarter in Company History

May 4, 2010

SAN MATEO, Calif., May 4 /PRNewswire/ — Fortify Software, the market leader in Software Security Assurance (SSA) solutions, today announced that the first quarter of 2010 was the strongest Q1 closing in the company’s history. The company reported an almost 30 percent increase in bookings in Q1, compared to the same period last year. In addition to significant follow on orders from existing customers, Fortify’s strongest quarter is highlighted by 35 new customer wins, a major technology breakthrough, and the expansion of Fortify’s Federal and international leadership teams.

Major Breakthrough in Effective Software Security Assurance

In Q1 2010, Fortify Software announced Hybrid 2.0, a breakthrough improvement in Fortify’s industry-leading Software Security Assurance solution. Developed in collaboration with HP, Hybrid 2.0 represents a major leap forward in effective security testing, providing users with improved visibility into security risks, increased test accuracy and the ability to produce more secure web applications in record time. Using powerful new correlation techniques, Hybrid 2.0 connects penetration test results directly to source code analysis results, revealing hidden vulnerability relationships and exposing their root cause within the application source code.

Other major business highlights include:

  • Hired new Public Sector CTO, Rob Roy, to guide Fortify’s federal standards, policy and partnerships specific to systems integrators. Mr. Roy comes to Fortify with many years of experience successfully working with Federal agencies and system integrators.
  • Appointed seasoned IT executive Sosaburo Shinzo as the new General Manager in Japan to oversee and grow Fortify’s sales and business operations in this important market. Mr. Shinzo comes to Fortify with more than 30 years of experience working for some of the biggest names in the industry.
  • Expanded Fortify’s overseas presence, including strong growth through large deals in Germany, the Netherlands, France and Korea.
  • Hosted a full schedule of activities at the industry-leading RSA Conference including two speaking sessions and a private reception with partner HP. Fortify also released its first-ever informal RSA straw poll that revealed Software Security Assurance is a top priority for many enterprises.

“Our record setting growth this quarter mirrors the fact that more and more companies are recognizing the need to implement a robust Software Security Assurance program,” said Fortify CEO John M. Jack. “Fortify continues to address the ever-changing IT security landscape by constantly developing cutting-edge solutions to provide our customers with the products and services they need to protect and defend the software that runs their business.”

About Fortify Software, Inc.

Fortify®’s Software Security 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 or visit our blog at blog.fortify.com. Find Fortify on Twitter: @Fortify

SOURCE Fortify Software

Source: newswire

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