Fortify Software Accelerates Growth in Third Quarter

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Continues rapid expansion of customer base in the U.S. and Europe

SAN MATEO, Calif., Nov. 9 /PRNewswire/ -- Fortify Software, the market leader in Software Security Assurance solutions, today announced a major surge in growth during the third quarter of 2009. Led by exceptionally strong performance in Europe, the quarter was marked by a 37 percent increase in revenue from the previous quarter. The company added over 40 new global customers as well as experienced increased adoption from existing customers. With over 600 customers globally, Fortify Software's software security technologies and services are evolving with enterprises' needs and provide effective security practices to protect their business-critical applications.

"Despite the challenges facing the general economy, where many companies are shrinking, we are continuing to see increased adoption of our solutions with both new and existing customers. This clearly demonstrates that organizations are realizing software security is a fundamental pillar of an enterprise data security program," said Fortify president and CEO, John M. Jack. "Some of the worst data breaches we've witnessed to date are a result of hackers exploiting vulnerabilities in business-critical software. Fortify continues to provide our customers with market-leading products and services to mitigate this risk."

Highlights of the quarter include:

• 37 percent quarter-to-quarter growth
• Over 40 new customers added in Q3 2009, with significant new names in the financial services and federal markets
• Significant up-sell opportunities among the existing installed base with over half of the quarter's business coming from existing customers
• Greatest number of $250K and above deals signed in the company's history
• Appointment of federal IT veteran, Kelly Collins, as President of Public Sector Operations, to further define Fortify's public sector strategy and expand Fortify's presence in the federal market; Kelly will also lead the company's work in raising awareness for the cyber security risks of vulnerable software in government agencies
• Recognition from Government Security News as a Finalist in its 1st Annual GSN Homeland Security Awards for its cornerstone software security suite, Fortify 360
  

About Fortify Software, Inc.

Fortify�'s Software Security Assurance products and services protect companies from the threats posed by security vulnerabilities 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.

SOURCE Fortify Software, Inc.

Copyright 2009 PR Newswire

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