LONDON, April 27, 2012 /PRNewswire/ -- Veracode, Inc., the leader in application security services, was awarded 'Information Security Product of the Year' at the SC Awards dinner held during InfoSec Europe. The company was also one of four finalists for the 'Best Security Solution in Financial Services.'  The SC Awards recognise industry-leading products and companies that deliver IT security solutions. 

The Veracode Platform was selected over many industry stalwarts, including Qualys, Informatica Corporation, Cyber-Ark and Absolute Manage.

"This is a strong endorsement for us," said Matt Peachey, Veracode's Vice President EMEA.  "The Veracode platform has been hugely successful with our customers and this is reflected in our award win."

A panel of judges from the highest levels of the information security profession evaluated the largest number of entries ever received by organizers.  The judges are selected for their experience and impartiality and drawn from the senior ranks of the information security profession. The organisations they work for include major European and global brands, including investment and retail banks, retail groups, airlines, insurance groups, and food groups as well as prestigious government departments.

The entries were judged based on a combination of business, technical and financial criteria, including:  effectiveness in addressing a specific market need; ability to drive a competitive business and technical advantage; and impact on revenue and profitability.

Paul Fisher, SC Magazine UK editor, said: "This was a record-breaking year for entries for the awards, and I believe this is represented in the quality of the winners. The awards are very rigorously judged, so to be a winner means that you really are the best of the best."

A total of 24 awards were given out at the awards, held at London's Hilton Park Lane. 

About Veracode

Veracode is the only independent provider of cloud-based application intelligence and security verification services.  The Veracode platform provides the fastest, most comprehensive solution to improve the security of internally developed, purchased or outsourced software applications and third-party components.  By combining patented static, dynamic and manual testing, extensive eLearning capabilities, and advanced application analytics, Veracode enables scalable, policy-driven application risk management programs that help identify and eradicate numerous vulnerabilities by leveraging best-in-class technologies from vulnerability scanning to penetration testing and static code analysis.  Veracode delivers unbiased proof of application security to stakeholders across the software supply chain while supporting independent audit and compliance requirements for all applications no matter how they are deployed, via the web, mobile or in the cloud.  Veracode works with customers in more than 80 countries worldwide representing Global 2000 brands.  For more information, visit www.veracode.com, follow on Twitter: @Veracode or read the Veracode Blog.

Copyright © 2012 Veracode, Inc. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

SOURCE Veracode, Inc.