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Security Innovation Launches New Company to Meet Application Security Needs
of Government Organizations 

SI Government Solutions Will Provide Security Testing, Training and Research Services on Classified and Critical Infrastructure Projects for U.S. Government

BOSTON—February 2, 2005—Security Innovation, the industry leader in application security testing, research and training, today announced the creation of a new company—SI Government Solutions—dedicated to meeting the application testing, training, tools and security research needs of various U.S. government agencies and organizations involved in classified government projects. As part of the announcement, the parent company— which will keep the Security Innovation name—has shifted its management headquarters to Boston and will maintain labs and additional offices in Melbourne, Fla., Bozeman, Mont. and Seattle, Wash. The spin-off company will be headquartered and have independent labs and offices in West Melbourne, Fla.

SI Government Solutions is specially equipped with necessary government clearances and domain expertise to service U.S. government organizations involved in classified projects. The spin-off will build on Security Innovation’s track record of providing industry-leading application security testing and development services to dozens of existing government and commercial customers. Security Innovation will continue to serve existing and future government contracts that do not require security clearance as well as the many non-government clients the company already has.

“Our record year in 2004 was fueled by growing demand for our expertise and services in both the government and commercial sectors,” said Ed Adams, CEO of Security Innovation. “The launch of SI Government Solutions will help us better meet this demand by offering application security services and expertise designed specifically for the classified government market, while allowing Security Innovation to focus on the needs of dynamic development organizations in software, hardware, financial services and non-classified government sectors. SI Government Solutions has several six- and seven-figure contracts in hand and the delivery on these contracts will be intensely demanding and require strict secrecy controls. Creating this new company provides the flexibility we need to satisfy these important U.S. government clients. ”

Security Innovation’s unparalleled security expertise focuses on systematically analyzing the highly complex and layered applications dominating today’s IT environments for possible sources of security vulnerabilities. In addition to the industry’s most comprehensive application security testing for independent software vendors (ISVs), non-classified U.S. government agencies and financial services institutions, Security Innovation offers training to software developers on how to properly build and test applications before they are brought to market. Security Innovation is the first and only company to research and publish a methodology for finding security defects in software. This methodology has been taught at and adopted by the world’s most recognizable software companies, universities and government agencies.

About SI Government Solutions
SI Government Solutions is an independent organization with separate ownership from Security Innovation, Inc. The company is focused on serving the application security development, testing, training and research needs of government agencies and commercial organizations involved in classified government projects. SI Government Solutions is headquartered in West Melbourne, Fla. For more information about SI Government Solutions, please call +1.321.952.6990.

About Security Innovation
Security Innovation, Inc., is the leading independent provider of application security services. Dozens of leading organizations, including Microsoft, Symantec, SAP, VeriSign, IBM, Aladdin, SAIC, ING, Harris Corporation and a number of government agencies, rely on Security Innovation’s expertise in application security testing and training to develop, evaluate and deploy more secure applications. More than 60% of the company’s staff holds advanced degrees in computer science with 30% at the PhD level. The company is headquartered in Boston, Mass. with research labs in Melbourne, Fla. and Bozeman, Mont. For more information about Security Innovation, visit www.securityinnovation.com or call +1.978.694.1008.

Contacts:
Jason Morris/Jane Cullina
Schwartz Communications, Inc.
(781) 684-0770
sisecure@schwartz-pr.com

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