MFS Investment Management Chooses Ounce Labs for Software Security Assurance
Posted on: Tuesday, 14 February 2006, 09:00 CST
RSA Conference -- Ounce Labs, the leader in software security assurance solutions, today announced that its software has been licensed by MFS Investment Management(R) to perform internal security reviews. MFS, which manages over $134 billion in assets worldwide, chose Ounce Labs' source code vulnerability analysis technology to verify that the internally-developed MFS applications adhere to enterprise security policies.
"We evaluated a number of products for this initiative, and Ounce Labs' technology offered us the best way to help us ensure that our broad software portfolio meets our security standards," said Stuart Lin, Security Architect, of MFS. "They have by far the most comprehensive knowledgebase of potential vulnerabilities and design flaws, so we trust that the results are accurate. Also, the Ounce Labs portfolio and management reporting allows us to maintain a comprehensive understanding of our software security."
MFS represents a growing trend for companies in financial services, government, telecommunications, and other major industries concerned about the frequency of attacks targeted at their software applications. Like many of these organizations, MFS maintains a significant portion of internally-developed software on its networks, and it understands the importance of assuring these applications are secure as part of its enterprise risk management responsibilities.
"Increasing financial incentives for cyber crimes are encouraging attackers to search meticulously for vulnerable applications with access to sensitive data, which makes custom, outsourced, and open source software a much more viable target," said Hugh Scandrett, president and CEO of Ounce Labs. "We are pleased to help companies like MFS take a proactive approach to identifying and eliminating application-layer vulnerabilities before they are compromised."
About Ounce Labs, Inc.
Ounce Labs(TM), the leader in software security assurance, delivers products that allow customers to verify that software meets their defined security requirements. Ounce Labs' enterprise-level automated source code analysis provides reliable vulnerability metrics necessary to manage software risk, enforce security policies, enhance audit capabilities, and track compliance efforts. Based on patents-pending Contextual Analysis(TM) technology, Ounce Labs' products also pinpoint specific software design errors and coding flaws to simplify remediation during any phase of the development lifecycle. Founded in 2002, Ounce Labs is located in Waltham, Massachusetts. For more information, please visit www.ouncelabs.com.
CONTACT: Chris McClean Ounce Labs 781.547.7031 (o) 617.571.8945 (m) Contact via http://www.marketwire.com/mw/emailprcntct?id=96F923D093059676
SOURCE: Ounce Labs
Source: MARKET WIRE
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