DULLES, Va.--(BUSINESS WIRE)--Cigital Inc., one of the world’s largest software security firms, announced its seventh consecutive year of company growth, highlighted by significant financial and company gains during 2015. On pace to close the year with approximately $75M in sales bookings, Cigital is positioned to stay the course of seven consecutive years of double-digit, year-over-year growth. As organizations around the world develop innovative new software and mobile solutions, the demand for Cigital’s solutions increases, as noted with Cigital’s selection to Gartner’s Application Security Testing Magic Quadrant. In addition, the company released BSIMM6, completed a company rebranding, announced international partnerships and was selected to Inc. Magazine’s 5000 list.
In Gartner Inc.’s 2015 Magic Quadrant for Application Security Testing (AST), Cigital is recognized in the “Challengers” quadrant based on its ability to provide managed services, products, training, and professional services that deliver a holistic package of application security needs. Placement in the quadrant highlights a long, distinguished record of delivering high quality testing for some of the most discerning customers including the top four, eight of the top ten, and 16 of the top 20 commercial banks, with many relationships spanning five years or more. Cigital’s clients realize that leveraging one set of tools isn’t enough to identify vulnerabilities. As a result, they turn to Cigital for a trusted partnership that provides an individualized approach to maximize results.
Cigital recently released data from BSIMM6, the latest from the industry’s first and only software security measurement tool built on real-world data. BSIMM6 also marks the addition of the healthcare industry, providing healthcare organizations a critical mass of data to help them assess, compare, and contrast their software security initiative with others in the industry.
Additional significant milestones include:
- Cigital successfully introduced new branding to better reflect its spirit and mission, emphasizing the theme that application security is more than testing – it’s truly a journey.
- Cigital hired over 150 new employees in 2015, bringing the total number of employees to 411.
- In April, Cigital announced a partnership working with IBM to deliver Cigital’s Application Security Testing Managed Services through IBM’s Application Security Management framework. IBM’s customers can now leverage Cigital’s services, including the 3D Application Security Testing annual subscription and multiple assessment bundles.
- Cigital is included on the Inc. 5000 list for 91% growth in three years.
- The company joined The Software Assurance Forum for Excellence in Code (SAFECode), a non-profit organization exclusively dedicated to increasing trust in information and communications technology products and services through the advancement of effective software assurance methods. By joining SAFECode, Cigital will actively promote the idea that software security goes well beyond “penetrate and patch” testing and must be applied to all software, whether you are writing it or buying it.
- Cigital announced global reseller partnerships with security firms Vantage Point Security Pte Ltd. and Asterisk Research to expand its application security services to Singapore and Southeast Asia and Japan, respectively
- Cigital recently achieved Crest Certification for the delivery of penetration testing services, ensuring Cigital clients that Cigital is committed to delivering a consistent level of service in a secure and confidential manner.
“With new breaches and vulnerabilities announced every day, companies and executives realize that threats will come at them from all directions. As such, organizations recognize that building security in through ongoing assessments and tests are critical to identifying areas of vulnerability before sensitive data is breached,” said John Wyatt, Chief Executive Officer, Cigital. “While companies want cutting edge solutions, they struggle to find the resources to conduct software testing themselves. With our managed service approach, companies can move at the speed of innovation without sacrificing security. Our exponential growth and achievements this year further emphasize that Cigital’s proactive approach to application security helps clients address vulnerabilities and flaws while reducing costs and enabling technological advancement.”
About Cigital
Cigital is one of the world’s largest application security firms. We go beyond traditional testing services to help organizations identify, remediate and prevent vulnerabilities in the applications that power their business. Our holistic approach to application security offers a balance of managed services, professional services and products tailored to fit your specific needs. We don’t stop when the test is over. Our experts also provide remediation guidance, program design services, and training that empower you to build and maintain secure applications. Our proactive methods helps clients reduce costs, speed time to market, improve agility to respond to changing business pressures and threats, and focus resources where they are needed most.
Cigital is headquartered near Washington, D.C. with regional offices throughout North America, Europe and India. For more information visit: https://www.cigital.com.
