Coverity Chosen by AlwaysOn as an AO100 Top Private Company Award Winner for 2007
Leader in Improving Software Quality and Security Honored For Innovation, Market Recognition and Commercial Success
SAN FRANCISCO, July 18, 2007 –
Coverity, Inc., the leader in improving software quality and security, today announced that it has been selected as one of the AlwaysOn AO100 Top Private Companies for 2007.
This is the fifth year that AlwaysOn, a media company focused on technology, entrepreneurship and innovation, has compiled the prestigious list of private companies. Coverity was chosen from among more than 1000 nominations from venture investors, investment bankers and other industry experts. The winners were evaluated on criteria such as innovation, market opportunity, commercialization, media buzz and stakeholder value creation.
"Coverity was founded in 2002, with bootstrap funding, by a professor and students who developed the company's fundamental technology at the Computer Systems Laboratory at Stanford University," said Seth Hallem, CEO, Coverity. "Our firm has grown rapidly with an average revenue increase of more than 100 percent per year, and we now have almost 300 customers-many of them major global corporations."
Coverity is a provider of ground-breaking advanced source code analysis technology that removes the barriers to writing and delivering complex software by automatically finding, managing and fixing critical software defects and security vulnerabilities early in the software development process. Recently, Coverity announced PreventTM , the first automated solution based on Coverity's patent pending Software DNA Map technology, which identifies and resolves the most critical defects in C, C++ and Java source code.
Coverity and the other AlwaysOn AO100 Top Private Companies will be honored at the Stanford Summit, to be held July 31-August 2, 2007, at Stanford University. The winners will also be covered on the AlwaysOn Web site and in the summer issue of AO's magazine.
About Coverity
Coverity (www.coverity.com), the leader in improving software quality and security, is a privately held company headquartered in San Francisco. Coverity's groundbreaking technology removes the barriers to writing and delivering complex software by automatically finding and helping to fix critical software defects and security vulnerabilities as the software is written. More than 250 leading companies choose Coverity because it scales to tens of millions of lines of code, has the lowest false positive rate and provides 100 percent path coverage. Companies like Juniper Networks, Symantec/VERITAS, McAfee, Synopsys, NASA, Palm and Wind River work with Coverity's tools to find and fix security and quality defects from their mission-critical code.
About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
Media Contacts
Craig Oda
Page One PR for Coverity
coda@pageonepr.com
+1 650 565 9800 x702
Russ Wood
Director, Corporate Marketing, Coverity
rwood@coverity.com
+1 415 694 5304
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