Veracode Appoints Chris Reisig as Senior Vice President of Sales and Business Development

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Former Endeca and PTC Executive Brings Proven Sales Leadership to Veracode

Veracode has rapidly established a leadership position and has consistently achieved record bookings and marquee customer acquisitions despite a challenging economic climate

Veracode Inc., provider of the world's leading cloud-based application risk management services platform, today announced the appointment of software industry veteran Chris Reisig as the company's Senior Vice President of Sales and Business Development. Mr. Reisig brings to Veracode over 15 years of executive sales leadership experience working with rapidly growing software companies and service providers.

"I couldn't be more pleased that Chris has joined the Veracode team," said Matt Moynahan, CEO of Veracode. "Chris' impeccable track record and proven success in driving growth while scaling world class sales and business development teams will be an asset to Veracode. Equally important, he is absolutely passionate about customer satisfaction and user experience. He and Jon Stevenson will be a powerful team in extending Veracode's leadership in cloud-based application security assessments. We look forward to the significant contributions he will make to Veracode and our customers in the years ahead."

"Veracode has rapidly established a leadership position and has consistently achieved record bookings and marquee customer acquisitions despite a challenging economic climate," said Reisig. "I am excited to join the team and believe Veracode is poised for explosive growth to meet a critical market need. My focus is on building a world-class sales and business development organization focused on flawless execution and total customer satisfaction."

Mr. Reisig joins Veracode from Kiva Systems where he was VP of Sales responsible for leading the company's worldwide sales and business development teams. Previously, Mr. Reisig was Senior VP of Worldwide Sales for Endeca Technologies where he was an integral part of the executive team which drove the company from inception to over $100M in revenue. Earlier in his career, Mr. Reisig held the positions of divisional vice president of European major accounts and divisional vice president of Asia Pacific sales and operations at Parametric Technology Corporation where he managed a sales and support organization of over 400 people and combined annual revenues in excess of $300 million.

About Veracode
Veracode provides the world's leading Application Risk Management Services Platform. Veracode SecurityReview's patented and proven cloud-based capabilities allow customers to govern and mitigate software security risk across a single application or an enterprise portfolio with unmatched simplicity. Customers include the world's largest and most security aware organizations in every industry. Recognized as a Gartner "Cool Vendor," The Wall Street Journal's "Technology Innovation Award," The Banker's "Information Security Project of the Year" with Barclays, SC Magazine's "Best Vulnerability Assessment Solution," Information Security "Readers' Choice Award," and AlwaysOn Northeast's "Top 100 Private Company," Veracode is Software Security Simplified™. For more information, visit http://www.veracode.com.

Contact:

Beth Cossette
Lois Paul & Partners
781-782-5715
Beth_Cossette (at) lpp (dot) com

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Beth Cossette
Veracode
781-782-5715
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