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Ounce Labs Reports Q2 Results
Year-over-year quarterly bookings grew 80 percent in Q2 2009 and were up 60 percent over the first quarter
July 9, 2009
3 Min Read
PRESS RELEASE
WALTHAM, Mass. " July 8, 2009 " Ounce Labs, the industry leader in enterprise static application security testing (SAST), today announced that year-over-year quarterly bookings grew 80 percent in Q2 2009 and were up 60 percent over the first quarter. In addition to its significant growth in Q2, Ounce also received recognition from influential industry trade outlets SC Magazine and CRN.
Ounce attributes its exceptional growth to its commitment to rich, intuitive products and customer support, as well as its recently announced Assessment-as-a-Service (A3S) offering, its innovative license pricing and its expanding network of worldwide service and technology partners.
"The long-term vision we set for Ounce is certainly paying off for us right now," said Gary Jackson, president and CEO, Ounce Labs. "As other vendors are impacted by the current economic environment, our commitment to technical innovation and our customer-centric approach has allowed us to not only persevere, but to achieve substantial growth. We continue to expand engagements with current customers, win significant new deals and greatly extend our service offering through our quickly growing list of partners."
In addition to 80 percent growth, additional Q2 2009 highlights include:
The immediate availability of the A3S offering supported by the Ounce partner community, which lowers the cost barrier for application security and makes it more accessible for companies with limited IT security experience and resources, and those with limited budgets.
In June, Ounce Labs was named by leading reseller outlet CRN/ChannelWeb as a '2009 Emerging Vendor'. CRN's Emerging Technology Vendor list highlights companies that are delivering high margins for solution providers with innovative and easy-to-use technology.
SC Magazine conducted a review of Ounce 6 and awarded the product a four-star rating. The product received the highest possible scores in the review's Features, Performance and Support categories.
During Q2, Ounce continued to expand its partner community with the addition of a multitude of new technology and service partners, including KPMG Singapore, Technis Blu, Lunarline, AsTech Consulting, and PricewaterhouseCoopers Milan.
Ounce continues to experience tremendous growth in the banking, insurance and government sectors. Q2 2009 deals include one of the largest U.S. airlines, as well as a stable of some of the world's most recognizable brands in the financial services, insurance and defense industries, including the addition of the Internal Revenue Service (IRS) to the Ounce Community
Bill Varga, EVP Sales & Business Development, Ounce Labs, commented, "The IRS, like many of our customers, is deploying an increasing number of public-facing Web applications and is looking to ensure that applications are not being misused and that the integrity of the data being communicated across those applications is not being compromised. Most of our customers look at several vendors before making their choice, but Ounce competitively wins because of our strong capability set, including the ability to centrally manage source code analysis activities while providing ease of use and integration with existing integrated development environments."
Ounce Labs' flagship product, Ounce 6, is the only comprehensive, enterprise static application security testing (SAST) solution that meets the demands of enterprises committed to eliminating business-critical vulnerabilities in software. It scans code quickly and prioritizes risk and offers remediation action advice down to individual lines of vulnerable code across entire enterprise application portfolios.
About Ounce Labs, Inc. Ounce Labs' industry-leading Static Application Security Testing (SAST) suite brings enterprise-wide awareness of business critical vulnerabilities. With this ability to identify and prioritize issues, organizations have the information they need to address their greatest risks. Ounce's patented source code analysis delivers the scalability and automation to help organizations such as EDS, IBM, Intel, and Lockheed Martin strengthen application security and protect confidential information. Ounce also helps organizations to verify regulatory and policy compliance, addressing PCI DSS, FISMA, HIPAA and others. For more information, please visit www.ouncelabs.com.
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