Codenomicon's 10 Year Anniversary Kicks-Off With Strong Financial Performance

Codenomicon, the leading vendor of proactive security solutions today announced its ninth consecutive profitable quarter. Codenomicon also reported significant growth in sales and in the number of new customers and personnel. The success is driven by Codenomicon's versatile Fuzzing technique that enables the company to provide solutions for all types of communication software, including emerging technologies. The fastest growing fields are wireless networks, triple play, metro ethernet and cloud computing.

In 2010, global sales for Codenomicon increased by 60%. The company also captured increasing market shares in all geographic areas boasting growth rates of 96% for North America and 57% for EMEA. One of the biggest growth areas is the Defense sector, where Codenomicon has been able to increase its sales by more than 200%. Out of the 10 biggest investors in defense industry, three governments use Codenomicon Defensics solution to protect their critical infrastructures.

"Our success in 2010 not only resulted from the improved financial situation, but also from changed attitudes towards security testing," says David Chartier, CEO of Codenomicon. "The telecom sector has long been a forerunner in security testing, but other sectors, like finance and defense, are now becoming aware of the importance of proactive security testing and are increasingly using our state-of-the-art tools to find critical unknown vulnerabilities from code."

More and more companies and organizations are relying on Codenomicon's Defensics solutions to proactively find and fix unknown vulnerabilities in both in-house and third party software productions. In ten years, Codenomicon has grown from a university spin-off to an international company with over 200 customers including Alcatel-Lucent, AT&T, Cisco Systems, Nordea, Microsoft, Google and Nokia Siemens Networks. In 2010 alone, Codenomicon has acquired 36 new customers, including several recognized brand names and technology leaders in wireless, VoIP devices and IPTV services.

"Codenomicon is proud that leading software companies and manufacturers of communication devices use our testing solutions," says Ari Knuuti, board member and co-founder of Codenomicon. "A growing trend is that operators, defense organizations and enterprises, actually require their suppliers to use our tools."

Codenomicon has had continuous growth in sales since its founding in 2001, and grew even amidst the recent economic slump, demonstrating a real need for its solutions. Since 2001, the company has maintained an average year-to-year growth of 40% and was listed in the 2010 Deloitte EMEA FAST 500 with its record growth of 350% over the past five years.

For more information on technical successes for 2010, see: http://www.codenomicon.com/news/press-releases/2011-01-05.shtml

For more information on Codenomicon Defensics, please visit: http://www.codenomicon.com/defensics/

For more information on Codenomicon Network Analyzer, please visit: http://www.codenomicon.com/analyzer/

About Codenomicon Ltd

Codenomicon develops security and quality testing software, which allows users to quickly find and identify both known and previously unknown flaws before business-critical products or services are deployed. Their unique, targeted approach to the fuzz testing of networked and mobile applications exposes more flaws and weaknesses than any other testing platform or methodology. Companies rely on Codenomicon's solutions to mitigate threats, like Denial of Service (DoS) situations and Zero Day Attacks, which could increase liability, damage business reputation and cripple sales. Codenomicon is a member of the SDL Pro Network. For more information, visit www.codenomicon.com.