Coverity™ Positioned in Challengers Quadrant for Static Application Security Testing (SAST) Magic Quadrant

Evaluation Based on Completeness of Vision and Ability to Execute

SAN FRANCISCO – February 18, 2009 – Coverity Inc., the software integrity company, today announced it has been positioned by Gartner, Inc. in the challengers quadrant in the ‘Magic Quadrant for Static Application Security Testingⁱ’ report.

According to the report, “SAST for security vulnerabilities should be a mandatory requirement for all IT organizations that develop or procure applications. Although the market is relatively new and consolidating, enterprises must adopt SAST technologies and processes because the need is strategic.”

The report also notes, “As attacks become more financially motivated and as organizations get better at securing their network, desktop and server infrastructures, there has been a shift in attacks to the application level. To address those new risks, several technology markets for application security have emerged, including static application security testing (SAST).”

“Coverity continues to aggressively execute our software integrity strategy to help customers solve their priority business challenges as they relate to software quality and security, such as compliance, recall prevention and componentization,” said Dave Peterson, chief marketing officer at Coverity. “We believe our position in the Gartner report validates that software integrity has become an imperative for customers taking a strategic approach to driving quality, performance and security throughout every stage of the software development lifecycle.”

According to Joseph Feiman and Neil MacDonald, the authors of the report, “SAST enables security vulnerability detection early in the application life cycle — at construction (programming) and testing phases when the code is being written, built and tested. Proactively detecting and fixing security vulnerabilities earlier in the application development process reduces an application's overall security exposure and is less-expensive than fixing the vulnerability when the application is in production.”

Coverity recently announced a record year of growth in 2008 in which it expanded its customer base beyond 500 customers, raised its first round of external funding after six consecutive years of cash flow positive growth, executed three strategic acquisitions and received multiple awards for innovation including being named Deloitte Technology Fast 50 for the second consecutive year.

About the Magic Quadrant
The Magic Quadrant is copyrighted February, 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Coverity
Coverity (www.coverity.com), the software integrity company, is the trusted standard for companies that have a zero tolerance policy for software failures, problems, and security breaches. Coverity’s award winning portfolio of software integrity products helps customers prevent software problems throughout the application lifecycle. Over 100,000 developers and 500 companies including ARM, Phillips, RIM, Rockwell Collins, Samsung and UBS rely on Coverity to help them ensure the delivery of superior software. Coverity is a privately held company headquartered in San Francisco with offices in 6 countries and more than 130 employees.

Coverity and Coverity Prevent are trademarks of Coverity, Inc. All other company and product names are the property of their respective owners.

ⁱ Gartner “Magic Quadrants for Enterprise BI Suites and Platforms” by B. Hostmann, et al. February 28, 2008.

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