Secure Code Warrior Marks 2018 with Record Financial Performance and Strong Global Footprint Growth
BOSTON & SYDNEY--(BUSINESS WIRE)--Jan 16, 2019--Secure coding company, Secure Code Warrior (SCW) today announced that the company has achieved record revenue, customer and company growth over the last year. Year over year, SCW has experienced a revenue increase of 226 percent and a customer growth rate of nearly 95 percent. Additionally, the company experienced its highest customer growth numbers from the North American market as the importance for secure software development takes center stage in the aftermath of a number of damaging high-profile breaches faulted by insecure code.
“In the last year, the industry has finally reached a point of beyond awareness to that of taking effective action, and realizing secure coding has become necessary for many organizations to effectively protect their organization and customers from the long-term damage and costs that come with these breaches,” said Pieter Danhieux, Chairman and CEO of SCW. “Our proven suite of secure coding tools is helping foster, for the first time, real collaboration between security teams and developers and is helping organizations as a whole understand how to move the focus from reaction to prevention allowing developers to think and act with a security mindset as they build, develop and advance their skill sets.”
In the banking sector, the company now counts 17 out of the top 30 banks as customers in the regions it operates, including three of the of the top five North America banks and three of the top 10 largest banks in Europe. Additionally, within its core base of banking, financial services, and insurance (BFSI) customers, the company added customers from new verticals including Germany, Ireland, Malta, Mexico, New Zealand, Singapore, Spain, Switzerland, and United Arab Emirates. Outside of its core BFSI customer base, the company added customers or expanded into new markets including airline, manufacturing, retail, telecommunications and technology industries with 30 percent of revenue deriving from its telecommunications and technology company base.
Other highlights from 2018 include:Raised $3.5 million in initial funding from strategic venture capital firms Paladin Capital Group and AirTree Ventures Expanded number of employees to 70 Established new offices in Belgium, Boston, and London Appointed tech entrepreneur and investor Eddie Sheehy to the company’s board of directors. Added several key executive team appointments including:
Nick Flude - Chief Marketing Officer
Fatemah Beydoun - VP, Customer Success and Operations
Mike Tooke - Director of Finance
Chris Yeoh - Director of Customer Lifecycle
Secure Code Warrior has offices in Sydney, Boston, London and Bruges and provides a unique and proven suite of secure coding tools within one powerful SaaS platform, helping developers write secure code from the start and in-line with a company’s established coding policies. The platform includes gamified, online training that is hands-on and self-paced; a fun, skill-testing tournament mode; and a tool offering instant security policy compliance through real-time coaching, information sharing, reporting and auto-correction. This enables companies to achieve faster and more secure product development, which supports agile development principles. It provides a powerful layer of cyber protection in a way that is simple, scalable and positive.
Looking forward to 2019, Danhieux expects that more and more companies with be taking aim at offering secure coding tools and sees great opportunity to collaborate and integrate with many in the industry. SCW is working toward having its platform embedded into each step of software development life cycle either directly or with integration to partners who are already strong and established in that development lifecycle.
Danhieux goes on to comment, “The battle in the race in the secure coding market, ultimately, will be in the early stage with the developers, and the focus will be on secure coding; which is our heritage, strength, and passion for making security easy, visible and engaging for developers.”
About Secure Code Warrior
Secure Code Warrior is a global security company that makes software development better and more secure. Our vision is to empower developers to be the first line of defense in their organization by making security highly visible and providing them with the skills and tools to write secure code from the beginning.
We have built a powerful platform that moves the focus from reaction to prevention, training and equipping developers to think and act with a security mindset as they build and verify their skills, gain real-time advice and monitor skill development. Our customers include financial institutions, telecommunications providers and global technology companies in Europe, North America and the Asia Pacific.
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CONTACT: Kari Walker for Secure Code Warrior, 703-928-9996
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SOURCE: Secure Code Warrior
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PUB: 01/16/2019 05:00 AM/DISC: 01/16/2019 05:01 AM