Coverity(TM) Acquires Build Management Vendor Codefast

New Technology to Expand Growing Portfolio of Application Lifecycle
Management Products SAN FRANCISCO, May 27 /PRNewswire/ -- Coverity(TM), Inc., the leader in
automatically improving software system quality and security in C/C++ and Java,
today announced the acquisition of Codefast. Coverity's first acquisition
provides the company with engineering endowment and advanced technology from
Codefast to assist developers understand and speed up the software system build
process. The merchandise acquired from Codefast will be enhanced to take
advantage of Coverity's patented Software deoxyribonucleic acid Map(TM) analysis system,
further expanding the company's platform of merchandises that enable software
development squads to guarantee the unity of their code. Financial footing of
the acquisition were not disclosed. "Many development organisations today battle with construct management
and construct optimization, leaving a important chance for innovation
from Application Lifecycle Management vendors," said Teresa Lanowitz,
founder of Voke, a engineering analyst firm. "This is an excellent
acquisition for Coverity. It gives the company a strong merchandise offering in
an emerging ALM section that is a natural complement to Coverity's existing
strengths in unchanging and dynamical analysis." In February 2008, Coverity accepted its first unit of ammunition of outside funding
following 5 sequent old age of hard cash flowing positive growing during which
time the company was successfully bootstrapped by merchandise sales. The $22
Million unit of ammunition from Foundation Capital and Benchmark Capital was accepted to
accelerate Coverity's gross sales and selling reach, and to spread out its product
portfolio through acquisition and speeded up internal research and
development efforts. The purchase of Codefast is Coverity's first
acquisition. "We dedicated the last 10 old age at Codefast development sophisticated
execution engines to enable both incremental and parallel builds. Coverity's Software deoxyribonucleic acid Map analysis system is the lacking piece that will
unlock the powerfulness of Codefast's engineering and unfastened exciting new build
efficiencies for developers," said Uncle Tom Schultz, former CTO of Code Fast,
who is now a Director in the Office of the CTO at Coverity. "The Codefast
team is pleased to convey our engineering and expertness to Coverity, and we
look forward to fundamentally improving the manner software system is built." Coverity's experience with over 450 unchanging and dynamical analysis
customers was critical in the company's determination to buy Codefast. Based on client research, big development squads have got an appetency for
new tools that tin suit a assortment of construct methodological analyses while
improving their overall construct processes. "Build procedures today are frequently inconsistent, leading to
unpredictable consequences or dearly-won holds that retarding force down development teams,"
said Seth Hallem, chief executive officer of Coverity. "When concerted with our existent static
and dynamical analysis products, the improver of Codefast will enable
Coverity merchandises to span the coding, testing, building, and integration
phases of software system development, where many development organisations face
considerable challenges." For more than information on Coverity, delight visit: About Coverity Coverity (), the leader in improving software
quality and security, is a privately held company headquartered in San
Francisco. Coverity's groundbreaking engineering enables developers to
control complexness in the development procedure by automatically finding and
helping to mend critical software system defects and security vulnerabilities
throughout the application lifecycle. More than 450 prima companies
including ARM, Phillips, RIM, Rockwell-Collins, Samsung and UBS trust on
Coverity to assist them guarantee the bringing of superior software. Coverity is a registered trademark, and Coverity Widen and Coverity
Prevent are hallmarks of Coverity, Inc. All other company and product
names are the place of their several owners. Media Contacts
Jim Shissler
Director, Populace Relations +1 (415) 694-5342 Steve Eisenstadt
Page One Populace Relations +1 (919) 781-8096