Veracode Names Bernd Leger Vice President of Marketing

Business Wire, July 17, 2007

- Former Oblicore Executive to Grow Market Presence -

BURLINGTON, Mass. -- Veracode Inc., provider of the industry's first on-demand application security review solutions, announced today the appointment of Bernd Leger as the company's vice president of marketing. A seasoned global corporate marketing veteran, Leger joins Veracode to further the company's corporate and product marketing position in application security.

"Our business is growing because enterprises and software vendors alike recognize that Veracode's security review solutions and software ratings, offered through an on-demand service, provide an easy and cost-effective way to ensure applications are secure," said Matt Moynahan, president and CEO of Veracode. "Bernd brings a wealth of management and leadership experience to Veracode, including proven track records in growing businesses. He will be a huge asset in helping us achieve our strategic objectives as we help our customers' applications to become more secure."

Leger will drive Veracode's marketing strategy, including demand generation, product marketing, corporate communications, marketing communications and sales enablement. With 12 years of experience working with enterprise software, service and on-demand companies, Bernd brings strong market understanding and expertise to Veracode.

"Application security is a critical challenge for enterprises and ISVs, making it an exciting time for Veracode," Leger said. "I look forward to working with the Veracode team to make the company synonymous with on-demand application security in the marketplace."

Most recently, Leger was vice president of marketing at Oblicore, a leading provider of service level and business management solutions, where he was responsible for all facets of the company's global marketing effort, including corporate marketing and product management. Leger was instrumental in positioning Oblicore as a leader in Forrester's Business Service Management Wave Report. During his tenure, Oblicore's marketing efforts were recognized with an American Business Award for the Web Site - Branding/Promotion category.

Prior to Oblicore, Leger was vice president of marketing with NaviSite, Inc., a leading provider of IT outsourcing services focused on application management and managed services. He joined NaviSite through its acquisition of Surebridge, Inc., where he served as director of marketing. During Leger's tenure, Surebridge grew its business from $12 to $45 million in three years. Leger was instrumental in repositioning the company to a provider of on-demand solutions and helped establish Surebridge as a Siebel Strategic Platform Partner, serving on Siebel's worldwide partner advisory council.

A native of Germany, Leger has a business administration degree from of the University of Munich in Germany and has completed studies at Georgetown University.

About Veracode

Veracode is the industry's first provider of automated, on-demand application security solutions. Created by a world-class team of application security experts from @stake, Guardent, ISS, VeriSign and Symantec, the company delivers services to identify software flaws introduced through coding errors or malicious intent. Veracode's core service, SecurityReview[TM], uses patented binary code analysis that is uniquely able to inspect entire application inventories, including components, and does not require companies to expose their valuable source code. Enterprises can now protect their intellectual property while preventing attacks allowed by vulnerabilities in applications.

As the most accurate and comprehensive solution, Veracode makes it simple and cost-effective to implement application security best practices and reduce operational costs related to manual reviews. Whether a company is developing applications internally, purchasing software or integrating code from partners, Veracode SecurityReview provides insight to the security level of your applications. Outsourcing code analysis to Veracode is the easiest way to secure your software. With a pragmatic approach to application security, Veracode helps you fix what matters most to your business.

Based in Burlington, Mass., Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. www.veracode.com