Fortify Software Extends Its Reach

Fortify Software, maker of solutions that help companies develop and maintain more secure code, announced that it has reached an agreement to acquire certain intellectual property, capital assets, and resources from Secure Software for an undisclosed sum. A spokesperson for Fortify said that the acquisition brings the company an increased customer base and increased market exposure and extends the company's ability to assist customers with the requirements and design phases of the software development lifecycle.

"Secure Software's technology protects some of the world's most important enterprises including CA and the Depository Trust and Clearing Corp. (DTCC)," said John M. Jack, CEO of Fortify Software. "Our customer growth is driving the expansion of our team, and Secure Software's people have the software security expertise to hit the ground running."

Fortify also said that its business is booming. The company recently revealed that its annual revenue for 2006 nearly tripled that of 2005, and in fourth quarter 2006, the company added 18 new customers from countries around the world, including China, Japan, Korea, Singapore, and Taiwan. Fortify boasts that its customer base includes five of the top seven computer software companies, three of the top six securities industry firms, three of the top four accounting firms, and seven of the world's eight largest banks.

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