Code Dx Receives Whirlwind of Accolades in Cybersecurity Industry

NORTHPORT, NY -- (Marketwired) -- 02/16/16 -- Code Dx, Inc., a provider of an award-winning suite of fast and affordable tools that help software developers, testers and security analysts find, prioritize and manage software vulnerabilities, today announced its recent whirlwind of recognition in the cybersecurity industry, including coverage in major news media and three cybersecurity awards. In the one year since it was incorporated, Code Dx has made significant contributions to the application security market and is driving innovation in the software vulnerability management solutions space.

In a February 9, 2016 Forbes article titled "Small Cyber Firm May Be Worth Billions To Northrop Grumman Or Another Top U.S. Defense Contractor", Steve Morgan, founder of Cybersecurity Ventures, when commenting on the growing market for software security, said, "The market opportunity for Code Dx is so great, it is hard to measure. Just think, the world's software code is their market -- or total addressable market in venture capital nomenclature. No wonder this little company is showing up big on the investor radar screen."

On the same day, President Barack Obama requested a $19 billion budget for cybersecurity across the U.S. government, a $5 billion increase from 2015 spending -- validating the concerns for cybersecurity threats facing the nation's digital infrastructure.

Code Dx is also being recognized at the RSA Conference 2016, the world's leading forum for enterprise and technical information security professionals, on February 29 with a top product award for its powerful software vulnerability management system. In addition, Code Dx was named a finalist in January for "Startup of the Year" by Info Security Products Guide; and was listed #15 on the Cybersecurity Ventures Cybersecurity 500 for first quarter of 2016.

"This is an extremely exciting time for Code Dx and the industry," said Anita D'Amico, CEO for Code Dx. "Most security breaches are traced back to attackers exploiting weaknesses in software. Our software vulnerability management system provides users with an easy-to-use and affordable tool that efficiently manages the thousands of results generated by the multiple open source and commercial application security testing tools used today to effectively test software. Code Dx enables organizations to quickly identify, prioritize and manage software vulnerabilities to help prevent attacks on their technology infrastructure via vulnerable software. With the White House recognizing the increased need for cybersecurity funding and the numerous accolades from industry experts and organizations for our innovation, we feel well positioned for tremendous growth in 2016 and beyond."

About Code Dx Code Dx, Inc. is a leading provider of easy and affordable software vulnerability management systems that enable software developers, testers and security analysts to find and manage vulnerabilities in software. The award-winning Code Dx solutions integrate the results of multiple static and dynamic Application Security Testing (AST) tools and manual reviews into a consolidated set of results for quick and easy triage, prioritization and remediation. The core technology was partially funded by Department of Homeland Security Science & Technology (DHS S&T) to help secure the nation's software supply chain. For more information, please visit www.codedx.com or contact Code Dx at (631) 759-3993 or via email at [email protected].

Keywords: application security testing, application security, Code Dx, cyber security, cybersecurity, DAST, DHS, dynamic analysis, dynamic application security testing, open source static analysis tools, risk management, SAST, Secure Decisions, software assurance, software component vulnerabilities, software security, software vulnerability management, static analysis, static source code analysis, visual analytics, visualization software library, vulnerability assessment tools, vulnerabilities.

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Source: Code Dx

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