Covelight Systems Announces Covelight Percept –The First Application-Level Threat And Risk Management Security Appliance

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Enterprises can now finally understand threats and activities occurring in their Web applications and can secure them from internal and external abuse. Covelight Percept secures sensitive information in Web applications.

Gartner Security Summit -Covelight Systems, Inc., (http://www.covelight.com) the application security intelligence company, today announced general availability of Covelight Percept, the first Web application security threat and risk management appliance that analyzes transactions and detects internal and external Web application violations.

Covelight Percept is a passive security appliance that transparently monitors application transactions to detect and measure threats, vulnerabilities and risk. Using a browser-based client, Covelight Percept operators can monitor and analyze application threats including malicious attacks, and, unlike Web firewall solutions, business-level threats such as compromised credentials, unauthorized information access, regulatory compliance violations and competitive espionage. The appliance can be installed and configured in less than one hour.

Covelight Percept makes a timely market entry, given the amount of sensitive information accessed via Web applications, the rise in threats to Web applications, and the prevalence of insider misuse. Covelight Percept is the only application security threat management device developed to specifically addresses business layer offenses originating within the enterprise or extended enterprise. With Covelight Percept, the remediation time of application security incidents drops from days to minutes.

“Monitoring use of applications by authenticated, authorized individuals is the next step in securing enterprise operations,” said Richard Stiennon, vice president of research at Gartner.

“Covelight Percept’s unique technology and approach have given us tremendous insight and visibility into securing our applications,” said Bill Moore, VP Manager Information Security, First Citizen’s Bank. “In a very short period of time we’ve been able to employ Covelight’s solution to mitigate the risks associated with operating a Web application environment.”

Covelight Percept uses patent-pending technology called Transaction Flow Auditing to analyze all application traffic within the context of user behavior. By analyzing all application activity against a model of user behaviors, Covelight Percept dramatically increases the likelihood of detecting application security violations, and avoids the occurrence of false positive incidents.

Customers in a variety of industries are utilizing Covelight Percept to uncover software vulnerabilities, application logic faults, compromised credentials, pre-attack reconnaissance, hacker attacks, compliance violations and to evaluate business partner integrity.

Deep analytics tools and forensic capabilities help Covelight Percept operators discover the root cause of incidents in minutes, halting attacks and measuring the severity of an incursion. Operators can quickly determine if sensitive information has been exposed or if privacy or other compliance violations have occurred.

Pricing for Covelight Percept begins at $25,000.

About Covelight Systems

Covelight Systems, Inc. reduces business risk through products that allow enterprises to gather and enable application security intelligence. Solutions from Covelight Systems protect sensitive information accessible through Web applications and empower companies to rapidly architect and implement security processes that significantly reduce risks and costs, while ensuring the confidentiality, integrity and availability of information. Enterprises that implement Covelight Systems products will no longer be forced to choose between openness and security. Covelight Systems management team members have come from highly successful web infrastructure and security solutions vendors, including: Alteon Web Systems (NT); Bay Networks (NT); Netscreen (JNPR) and Versata (VATA).

Note to editors:

Photos of Covelight Percept are available for download at

http://www.covelight.com/covelight/company/news/presskit.aspx

For additional information or to arrange interviews contact:

Tom Crosby,

Market Accelerate

tom@mktacc.com

919 942-9896

919 619-8445 Mobile

See Covelight Percept at Booth 865 at the 10th Annual Gartner Security Summit

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Tom Crosby