Strong Revenue and Profit Fuel Expansion
Loudoun County, Va., March 8, 2012 — Coveros Inc., the market leader in secure agile software development, today announced record levels of revenue and profit for fiscal year 2011. Company revenues and profits increased by 101% and 185% respectively, as Coveros expanded its presence in both the commercial and federal markets.
“2011 further validates our belief that the software industry is fundamentally changing,” said Jeffery Payne, CEO of Coveros. “As software organizations seek to increase agility while still delivering secure software, more and more companies are turning to Coveros for help.”
Highlights from 2011 include:
- 101% increase in company revenue,
- 185% increase in company profit,
- Small Business of the Year award by the Loudoun County Chamber of Commerce, and
- the launching of Coveros Labs, a secure software research laboratory.
About Coveros
Coveros helps organizations build secure software applications using agile methods. Our products and services accelerate the delivery of software while assuring its security. Services include: secure software development, agile transformations, agile and software security training, and research into secure software development methods. Products include SecureCI, a popular open source application lifecycle management solution that incorporates security analysis into an automated software development process.
For More Information Contact:
Dave Burke
703-489-1253
dave.burke@coveros.com
