Coverity Named to Deloitte's Technology Fast 50 for Second Consecutive Year

SAN FRANCISCO, CA – November 5, 2008 – Coverity, Inc. announced today that it has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies for the second consecutive year. The 2007 Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.

“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years. Coverity has proven to be one of the fast-growth success stories in Silicon Valley, and we applaud their dedication to making their vision a reality.” said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

“We are honored to be recognized in the Deloitte Fast 50 for our continued growth and success in helping our customers improve the integrity of their software,” said Seth Hallem, Coverity CEO, “Coverity will continue to execute our aggressive growth plan, expand our large and global customer base, and build our portfolio of software integrity products through innovation, acquisition and partnerships.”

Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

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 enables developers to control complexity in the development process by automatically finding and helping to repair critical software defects and security vulnerabilities throughout the application lifecycle. More than 450 leading companies including ARM, Phillips, RIM, Rockwell-Collins, Samsung and UBS rely on Coverity to help them ensure the delivery of superior software.

About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Media Contacts
Jim Shissler
Director, Public Relations
jshissler@coverity.com
+1 415 694-5342

Steve Eisenstadt
Page One Public Relations
steve@pageonepr.com
+1 919 781-8096