Welcome!

News Feed Item

80 Percent of the Largest US and European Banks Deploy Sonatype to Address Growing Software Security Threat

Company Continues to Add Top Fortune 500 Customers

FULTON, Md., April 22, 2014 /PRNewswire/ -- Sonatype, a software company that enables developers to easily build software applications while significantly reducing security, compliance, and licensing risks, continues to find its software in high demand.  The company credits this momentum to an increasing awareness of the urgent need to address the risks associated with flawed open source components being used in millions of mission-critical software applications. 

As is often the case when such critical threats emerge, the financial services sector is moving quickly to secure their software applications leveraging Sonatype's Component Lifecycle Management solution.  Many other Fortune 500 companies are following suit.

In addition to 80 percent of the largest US and European banks, leaders in these other key industries have become Sonatype customers:

  • 5 of the top 10 aerospace companies
  • 2 of the top 5 entertainment companies
  • 2 of the top 5 telecommunications companies
  • 2 of the top 5 healthcare insurance companies
  • 2 of the top 5 diversified financials companies
  • 2 of the top 5 network/communications companies
  • 75 percent of the top computer and peripheral companies

"Software runs the world, so it's vital that it runs securely," said Wayne Jackson, CEO of Sonatype.  "The known vulnerabilities in many of the components being employed by software developers are becoming more visible based on the broad damage caused by Struts2 and now the mass awareness of the Heartbleed bug."

"The open source projects continue to do a terrific job quickly addressing newly discovered vulnerabilities, and now more of the enterprises doing component-based development are implementing Component Lifecycle Management to ensure they are using the safest versions," continued Jackson. "Based on the critical risk to the huge number of software applications that make the world's banks and other major corporations work, it's encouraging to see industry leaders tackling this problem head on."

Recognizing this risk, the FS-ISAC (Financial Services Information Sharing and Analysis Center) recently released guidance regarding open source libraries and components.  Specifically, the guidance recommends that financial institutions apply automated policy management and enforcement as well as inventory management for open source libraries used in their application portfolio.

Click here to access the FS-ISAC Third Party Software Security Working Group white paper: Appropriate Software Security Control Types for Third Party Service and Product Providers.

Organizations seeking insight on the component vulnerabilities that may be hidden in their applications can assess their risk with one of Sonatype's complimentary open source assessments at http://www.sonatype.com/resources/risk-assessments.

About Sonatype:

Every day, developers rely on millions of third party and open source building blocks – known as components – to build the software that runs our world.  Sonatype ensures that only the best components are used throughout the software development lifecycle so that organizations don't have to make the tradeoff between going fast and being secure.  Policy automation, ongoing monitoring and proactive alerts makes it easy to have full visibility and control of components throughout the software supply chain so that applications start secure and remain that way over time.  Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures.   Visit: www.sonatype.com

SOURCE Sonatype

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...